He might restore your eyesite and at the same time awaken you out of your coma comagnum. However, you must UNDRSTAND 35 pages of Brooks books did NOT CAUSE your eyesight problems. It may have been all those wasted years studying and implementing useless strategies and tactics along with working overtime to pay for the “higher” education in the trading world when Mr. Brooks offers sound and CLEAR advice for a much more reasonable price. So get your eyes up to par and crack open Brooks books again and discover a new and wonderful world! LOL
Keep on dreaming. I shall not awaken you. But you might want to up your $$ amount of risk to get a better perspective on the psychological aspect of trading. As well as the win rate aspect. I fear your present $10.00 a trade risk will not “cut the mustard” so to speak. Big money kicks in big emotions and well 10 bucks a trade will get you stopped out aplenty. More than you may wish. Although some folks around ET do seem to prefer a high losing rate .......LOL
you may be right but there is another aspect to trading: making a losing trade hurts your ego that is why traders do not cut losses.It is not the money aspect: Soros wont care for a 100000 usd loss but he will care that he had a losing trade. i am not here to create an impression like Al does; my trading is for fun and to kill time till time kills me.
The bigger my stop loss became, the less I lost. It took some time for me to learn that while one must cut losers short, it is possible to cut them too short, thus snuffing out a win for the sake of "keeping losses small."
If you cut losses/winners short, you certainly run the risk of missing out on longer profits/losses and vice versa indeed. It's just a matter of time...before the trader quickly realizes...what the heck am I doing...do I even have an edge or skill...or am I just being sucked up by this random vortex that is the market or my skill and understanding and approach and wisdom,