Fixes for Trading Problems... share yours here?

Discussion in 'Trading' started by KCalhoun, Aug 8, 2020.

  1. toby400

    toby400

    Ken's Point three ( three losers and stop for the day) plus Volpri's Point three, are very sound points to be considered when considering a traders' use of self discipline in the market.
     
    #11     Aug 9, 2020
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  2. deaddog

    deaddog

    My solution is having a plan going into the trade. I have accepted that the trade will possibly be a losing trade and that the amount I lose is according to plan.

    I judge my success not by whether I make or lose money, but whether or not I followed my plan. It could turn out to be a good trade with a bad outcome.

    Taking the money out of the equation makes trading much less emotional.
     
    #12     Aug 9, 2020
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  3. %%
    Problem; some good trading rules tend to contradict one another , maybe not exactly but close to it.
    1] let the profits ride.
    2] NEVER let a profit turn into a loss.
    Its toughest when you first get in/first week in a trade , or the etf does not trend as well as you figured.
    SO discretion helps.I took a small profit on OGIG, worst long in my account/slowest gainer, even though YTD--its a top trender >58% ytd. Semi liquid 350,000 av day volume.
    Another clue; I think any good sector ETF should beat the qqq + it is ytd, but not last week, so good sell/exit...……………………………………………………………………………………………………….
     
    #13     Aug 9, 2020
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