So previously.....it was a stupid idea.....now it's a nice idea.....so BLASH don't belong under this thread any more then? .....you assume too much!.....need to be mindful!
I said it was stupid ADVICE (the idea is rather nice if you can do it) to buy low, sell high....mtrader gave the reasons why. maybe u need to adjust your sales literature?
So in your "mind".....it is not possible.....why?.....why do you write the word "IF".....do you think successful traders have such thinking?.....you are aware that successful traders "CAN DO IT".....why is that?.....because they can do this BLASH.....not only that, they can do it consistently.....time after time......WHY is it YOU cannot?.....why? .....you can throw away that ego bit on the sales literature.....not good for you.....what goes around comes around!
A little bit competition is good for the buyers, will bring lower prices. Monopoly is never good for consumers. Can you both make your best offer?
Mate, when you start trading you will understand. When you buy something because you think it was low in price and find it goes even lower, you'll realise then what i'm saying. Best wishes for sales of your product whatever that may be!
If you come up with a solid plan, that's true. Plans can be modified as markets change but execution must always reflect the plan, if you deviate too much then you might as well throw the plan away. Gurus have nothing to do with a trading plan, if you rely on gurus then you've failed before you even started. We've been over this, it's been proven time and time again to be true. Hell, even Renaissance Tech uses this methodology. Find me a profitable trader who lacks this, I'll show you a liar.
You didn't read my initial comment which stated that stops are ALWAYS a good idea. In your case, since you apparently trade extremely liquid futures, naturally they can make sense. Don't assume everyone trades very liquid futures as that's only one group of instruments.