As a trader, I'm looking to guess where prices will go so I can make money when they move. I want to be smart about the risks I take and make the...
It might happen that I do not trade for a week.
I personally don't trade every single day but about others, I think it depends on their trading style, risk tolerance, and individual circumstances.
TOS (Thinkorswim). It is one of the best and complete platforms with advanced options backtesting features.
I think having psychology controlled by being a winner or a loser in trading is not ideal or healthy for sustained success. If your feelings are...
I think a good suggestion is to understand that the losses are a part of trading. And it is good instead of aiming for huge profits quickly, to...
Analyzing the daily results of such a trading strategy over the course of a year would require substantial data collection and analysis like:...
Trendlines are a tool in trading, but just drawing them doesn't mean you'll always make money. How you use them with other strategies and being...
I appreciate your excellent advice. You brought up some valid points.
That is right. Analyzing is a crucial step.
Yes, it is truly a daily stop loss and it can be elaborated by extending it to a monthly stop loss. Both aim to prevent huge losses. Thank you for...
You are speaking about the amount of loss. After that do you stop trading for some days?
I do apologize if there was any confusion in my previous response. I was just seeking for assistance.
It is not something that can be fixed and changed over time.
I know your points highlight the importance of having a well-defined trading system and managing emotions, and maybe I am on the wrong path...
Do you mean Martingale strategy? It has a high risk and may lead to larger losses.
Yes, every loss offers an opportunity for growth.
This seems quite risky to me, and it doesn't fit into my risk-management strategy.
Finding the cause is important, and if it is outside of my control, I need to adjust my approach.
Yes, and reacting emotionally can lead to even greater losses. It is good to step back and assess my strategy and my trade.
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