No questions,but some advice.... If there is a kernel of truth to you interviewing at Goldman and actually have a second interview,you make sure to get that position. Do whatever it takes.... It is the opportunity of a lifetime,and most likely your one big chance..
Hello taowave, Thank you @taowave I appreciate it. I will get the job. I have another interview with another hedge fund as well. Plus I click the ES futures daily as well. ES futures market is Heaven sent. I LOVE it. Best way to get rich in the world.
Love reading your stuff man, you crack me up. Glad to have unblocked you lol Hedge fund interviews are not the same as prop firm signups, just fyi Troll on man!
Daily stop losses for day traders should be a must. Correct sequence? You are right because we trade in probabilities. Trading is a calculated risk not gambling unless over trading or some weird thing you are not supposed to be doing. Imagine not having a daily loss limit and you keep trading in the wrong direction? Then you decided to trader larger and larger to make back what you lost but now you are in a deeper hole? I am pretty sure sometimes you can make 5 times your daily loss limit from to time.
Good Morning legionx, Yes, I can agree with that. I don't have a daily dollar amount stop limit in my trading. I just never thought about it. Because once I'm drawdown, I know have X hours for day trading session to recover.
I think that setting a daily loss limit for yourself will be the right decision, which helps to avoid excessive losses and preserve capital. After all, it is not uncommon for a trader to lose too much in a day and want to recoup or take revenge. This leads to rash and impulsive transactions, increased risks and even greater losses.