Daily loss limit - pros and cons

Discussion in 'Trading' started by PBS, Jan 26, 2025.

  1. Good Morning MarkBrown,

    I agree.
     
    #11     Jan 26, 2025
  2. Businessman

    Businessman

    Maybe learn to trade bigger size and trade less often?

    I think the key to getting the riches you want is trading big size, not trading often, doing what you say will just burn you out.

    eg. One trade per day but with 200 ES lots, if day trading.

    or 1 trade per week with 20 ES lots, if swing trading
     
    #12     Jan 26, 2025
  3. Good Morning Businessman,

    I certainly agree with you. You are very wise man, I am impressed with you! Thank you. You always write smart things on trading.
     
    #13     Jan 26, 2025
  4. Hello Businessman,

    I agree, but to trade 200 ES lots, I need about $250,000 cash money. So, I have click all day until I get it.

    Selling drugs is illegal, and I do not like prison, so I have to click all day! There is no other way to get Rich in America legally, quickly; 401K takes too long and will be too old to enjoy life.
     
    Last edited: Jan 26, 2025
    #14     Jan 26, 2025
  5. *Sigh*

    Are you familiar with the Bizarro World of Htrae?
     
    #15     Jan 26, 2025
    HawaiianIceberg likes this.
  6. taowave

    taowave

    Lol!

    had to Google That one..

    still waiting to hear how SML first round of imaginary interviews went at Goldman

     
    #16     Jan 26, 2025
  7. Hello taowave,

    I am awaiting my 2nd interview with Goldman Sach, I really hope they hire me.
     
    #17     Jan 26, 2025
  8. taowave

    taowave

    My bad,you interviewed at Goldman Sach, I was thinking of the Investment Bank Goldman SachS...

    Did you speak to the MD in charge of "Point and Click" ??



     
    #18     Jan 26, 2025
    HawaiianIceberg and p0box4 like this.
  9. p0box4

    p0box4

    Why are you looking for a job, you said you were making $200K a month from trading?
     
    #19     Jan 26, 2025
  10. taowave

    taowave

    He also said

    Cant wait to hear about his new position at Goldman

     
    #20     Jan 26, 2025
    p0box4 likes this.