Stops include hard stop (most common), time stop (like 5-10 mins) and mental (soft) stop. I tried the latter two but couldn’t do it consistently,...
I don’t know about others. However, I can easily hold a stock dropping from 100 to 50 but rarely holding a winner from 50 to 100. So the math...
I use stops to protect from myself. I tend to hold losers forever and add to losers if possible. It’s simply human psychology. If I don’t have a...
My revelation has been a few big issues I thought I could fix myself actually proved to be not so. The final solution turned out to be utilizing...
So your entry is random? I know your exit is about PRM and letting winners run, ideally.
Why do you say it’s random outcome? What is the winning days %? Looks like you’re consistently small positive. Of course, it could have been the...
I don’t care about history and such. If a post by anyone seems reasonable to me or is useful to me I like. Hehe
So this is exactly what happens in Las Vegas casinos. We know that the betting statistics is against gamblers so the expectancy is negative. You...
It sounds good as a strategy. In practice you may be killed by market whiplashes if you’re not experienced enough. I wish trading were that simple.
It’s a good strategy. Nothing works in trading 100%. Market changes all the time, even within each day. Traders have to constantly assess the...
Fully agree. However, it’s easy said than done.
You have a good point about driving without fear. It’s become a natural part of us after some experience. In general, severe car accidents are far...
Because I am keenly aware of the psychological effects of winning/losing real money in trading from my very own experience. In one of your posts...
News and whatever doesn’t really matter. Market does whatever it does. For day traders we just need to follow the market and ignore everything...
Did you figure out why? You didn’t execute live trades as well as your paper trades? Or it’s a completely different thing with live trading?
Whatever floats your boat. I remember a trading book saying market/price just does its thing and we interpret it whatever we think/believe....
It’s crazy how a trading display thread evolved into an online fist fight. No wonder pit trading was eliminated. Amazing those pit trading years...
The myth of trading is that everything is statistics and nothing is 100% right/wrong or good/bad. Any indicator or support/resistance can work as...
I day trade tsla. It has a few big runs (up or down) every day. Tsla is a trendy stock I would say. Since I am a discretionary trader I determine...
I agree high R/R ratio is way better than high win rate. Much easier trades and fewer trades. In order to achieve a high R/R ratio you got to...
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