Registered: Aug 2010
10-11-12 12:09 PM
Quote from trader198:
look a bit far, not just look at leaves, then you will not see forest
trading is an intelligent game, do not fool yourself into wall street illusion/traps
stop loss will make you think: you trade professionally, in reality you give up your money consistently
stop loss will make you feel safe: you keep trading, and you have an illusion to think " the chance to win will finally come", you turn an intelligent game into a coin flipping game, you gamle just like lottery ticket buying, you hope "next is the winner", in reality, your odd of winning is so low, market has so many combinations of ups/downs and patterns, the particular one you choose is just one of them.
stop loss will make you overtrade: your brokage firm loves it, the more you trade, the more they make, exchange too. in reality, you are playing suckers' game, the more you trade, the more you will not have enough time to think and plan intelligently, the more emotional you will be, the less disciplined you will be, a sure way to lose.
can you just do one trade in a week, and make it green, green big?
retail traders need plan every trade just like you shop around your first house! otherwise they are doomed. a 50k account to day trade is a suckers game.
You are a sick mind, buddy !