I keep cutting my winners

Discussion in 'Psychology' started by Wide Tailz, Sep 27, 2022.

  1. Third rule: Beware of those who claim there is only one way to do it.
     
    #151     Oct 27, 2022
  2. As always you are late and wrong to the party.
     
    #152     Oct 27, 2022
  3. Happened with me this month.

    Not taking tips or engaging in office talk, but getting sloppy, unfocused and greedy after a very good September. The result was a drawdown this month.
     
    #153     Oct 27, 2022
  4. Oh, so there is only one way to do it? That sounds vaguely religious. Be sure to tell your one true god that I said hello.
     
    #154     Oct 27, 2022
  5. You are wrong again, I am the opposite of a religious person. Keep barking
     
    #155     Oct 27, 2022
  6. A vague and angry post. Are you sure you're getting enough roughage?
     
    #156     Oct 27, 2022
  7. Wide Tailz

    Wide Tailz

    This sums it up. Years ago I found that using a trailing stop the height of the first wave, since I'm trading a reversal price pattern based on the first flag, would have worked fine and made a lot more money than just getting out when I think I have "enough" profit.

    Currently long UCO, will try it and report back. :D *edit- already bailed, sold for slight profit

    And I just cut about five winners the past few days. Not easy buying them back at this point.
     
    Last edited: Oct 27, 2022
    #157     Oct 27, 2022
    guest_trader_1 likes this.