SimpleMeLike's Recent Activity

  1. SimpleMeLike replied to the thread Risk management on breakout trading.

    Leopard9, I can definetly relate to this as well. I am learning that having confidence in what I want to do is very important. The lack...

    Feb 16, 2019 at 12:45 PM
  2. SimpleMeLike liked Leopard9's post in the thread Risk management on breakout trading.

    Yes its true. I´m still in the struggling phase. My system and intuition work perfect but I still have a lot of confidence issues and my...

    Feb 16, 2019 at 12:41 PM
  3. SimpleMeLike replied to the thread Risk management on breakout trading.

    Read other opinions as well, they may have good advice. But for sure, you can learn alot about back testing what if conditions and...

    Feb 16, 2019 at 12:39 PM
  4. SimpleMeLike liked Leopard9's post in the thread Risk management on breakout trading.

    Ok, thanks. Awsome.

    Feb 16, 2019 at 12:37 PM
  5. SimpleMeLike replied to the thread Risk management on breakout trading.

    So you should track: 1. how much money made by not breakeven, and trusting your stop loss. 2. Trading the reversals.

    Feb 16, 2019 at 12:37 PM
  6. SimpleMeLike replied to the thread Risk management on breakout trading.

    Leopard9, Yes, I track in excel spreadsheet nothing fancy. Just write down on paper everything you want to know about your strategy...

    Feb 16, 2019 at 12:33 PM
  7. SimpleMeLike liked Leopard9's post in the thread Risk management on breakout trading.

    True. Good advice. I started a journal but more focused on the psychological side. You do your tracking on excel? Where can I find a...

    breakout.png Feb 16, 2019 at 12:31 PM
  8. SimpleMeLike replied to the thread Risk management on breakout trading.

    I would do the following 1. Set profit target at the next retracement line 2. Trail by a certain dollar amount (or price price action...

    Feb 16, 2019 at 11:36 AM
  9. SimpleMeLike replied to the thread Risk management on breakout trading.

    Hello, Carrer is correct. Knowing when to exit is a challenge for sure. I struggle with it my self. I have predetermined profit targets...

    Feb 16, 2019 at 11:28 AM
  10. SimpleMeLike replied to the thread Risk management on breakout trading.

    Carrer, Good point, but I believe this depends on time frame. Smaller timeframes , there is sometimes noise that looks like reversal...

    Feb 16, 2019 at 11:15 AM
  11. SimpleMeLike liked carrer's post in the thread Risk management on breakout trading.

    You have to backtest them. Compare the stats among those 2 and see which is better. That's the only way to confirm it. Also, you will...

    Feb 16, 2019 at 11:11 AM
  12. SimpleMeLike replied to the thread Be Careful What You Wish For!.

    Hello, I rather not wish for anything and keep it simple: continue buying the S&P500 index twice a month until there is a million or...

    Feb 16, 2019 at 11:07 AM
  13. SimpleMeLike liked heavenskrow's post in the thread Planning in Advance.

    Update:It has broken my initial sell level and my positions are at a loss. I have reduced my exposure/position size, but I am still net...

    upload_2019-2-15_8-9-16.png Feb 15, 2019 at 4:31 PM
  14. SimpleMeLike liked maxinger's post in the thread In one sentence, what is your edge for 2019?.

    Having an edge means you are better / earlier / superior than your competitors / other traders because you know something , some info ,...

    Feb 13, 2019 at 11:56 PM
  15. SimpleMeLike liked heypa's post in the thread In one sentence, what is your edge for 2019?.

    The best edge is improvement.When you stop improving you start losing.

    Feb 13, 2019 at 11:52 PM