When people talk about risking 2%, they don't normally mean the bet size. For example, with a bankroll of $100,000, risking 2% on an AAPL long...
What confused me slightly is that "amount risked" is usually a fraction of "position size", determined by where you place a stoploss. Eg....
Wouldn't that only be the case if your position size was 2%? Eg. bankroll $100,000 open trade with $2,000 (2%) moves 8% to $2,160 profit $160...
Wow, so you are talking around 700% total profit (non-compounded) in two months, and without using any leverage. That is nothing short of breath...
It dropped another 13% yesterday....
I don't know what you mean by location. Have a think about what the OP meant by good and bad entry....
On the other hand, according to the OP... https://www.elitetrader.com/et/threads/why-is-the-obvious-not-so-obvious.151802/page-29#post-2355717...
This poor guy certainly isn't aware of the obvious. :( http://www.psychforums.com/gambling-addiction/topic108461-80.html#p2044874
Sorry, this is a bit off topic but I'm curious to know why people get into trading. What's the motivation/objective/goal? 1) grow your capital/get...
A salutary lesson for anyone thinking of getting into this trading game. The entire thread is worth a read....
@wtfauoa , your writing style and directness is very reminiscent of nysestocks ;) Could be just coincidence of course :D
The OP posed the same question but no-one came up with an answer....
Some traders only do BHASH and SLABL but no matter. A good starting point, for discovering what does work, would appear to be point 3....
Re. "you must BLASH and SHABL to make money" That's not strictly true. BuyHighAndSellHigher and SellLowAndBuyLower can make money.
ps. I forgot to include this post by the OP https://www.elitetrader.com/et/threads/why-is-the-obvious-not-so-obvious.151802/page-66#post-2390698
The majority does mainstream trading. The obvious, that they are unaware of, is that, no matter how hard they try, this this will never work very...
No, the lesser few are the 10% who profit from the 90%. QED
Here's one person who claims to have got the "obvious"....
Sorry to see you go. Live long and prosper!
I suspect many posters, who have come and gone, just lost interest. Or, perhaps they cracked it, and they are all now making tons of money....
Separate names with a comma.