Yes and it happens to everyone... you can control it though via this method of loss from top until you teach yourself to hold on to profits....
Yeah but what good profession doesn't have a training period. This is his training period. I also guarantee that more optimistic people make it...
This how I did it... On your up days what is your average positive p&l?... Say it's $100 then when you reach that level put your loss from top in...
wow, you guys have it tough south of the border
I took yesterday off due to how I felt about Monday... I had no reason to trade yesterday as I didn't see any opportunities in the pre-market. I...
Yeah still $$ to be made but on stock specific plays ie XING, IRE. market type stocks ie ones that move when the market moves were deader then...
Yes I'm advocating this 100%. The thing is you can go even one step better and not even have to put your 10k up as "deposit". You can learn with...
Exactly! You have restored my confidence in you hahahah Experiment with the % as you will find a level that works well for you. I don't use it...
I think you kinda missed my point but don't worry.... carry on
Completely agree with you... however he doesn't have the capital to trade successfully yet. Until he is ready to move and trade for a prop firm...
Hey, Most people are pointing you in the right direction... Study is really important especially at this stage in life... I'm a couple...
I have never used any trading school or the like. What is probably a better idea is to buy a couple of the good trading books (PM me or ask around...
Hi Robert, I have always lurked (for want of a better word) around here reading your journal but never posted here on ET. I understand you...
Just thought the following quote / idea from Jesse Livermoore helps explain what I mean... He states that "we should have hope in a winning...
Sorry, no offence, but this is really not a good idea and I will try to explain why... First of all you should incorporate a Daily Max Loss (if...
Look my advice is this (do with it what you want)... No one can really teach you to become a profitable trader. They can point you in the right...
I think your spot on... Good pick up! You will be buried in losses after commissions and trading losses... The firm won't have lost a dime and...
Hope is a bad word for a trader... yesterday hurt and I don't need to learn my lesson again hahaha
OK fellow traders. When I started I told myself that I would post the good with along with the ugly. As much as it feels cr@p to re-live yesterday...
Never seen this thread before... Entertaining read. Lots of BS but this is of the best qoutes on there... Sums it all up perfectly! The 10% of...
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