Hello wxytrader, Then I take my loss. If I lose a certain amount or my trade not going my way to make me money, I simply exit the trade for a loss. No big deal. Losses come with the game.
Kinda wish you had made that loud and clear in your original post. I got no problem with Mom and Pop retail investors buying the Indexes,SPY,QQQ, whatever on every dip.That's actually pretty smart. March 2020 would be a perfect example. Load up. But I would NEVER advise doing that with an individual stock/company. That's just asking for disaster.
All this time going round and round discussing about stop loss and it turns out he's talking about averaging the damn index. I feel like you would be the guy that invented the lightbulb after Edison 100 years later. Then telling people how great it is! Averaging in index/etf, as if 99.99999% of 401ks haven't already done it. My man, you need more real investor/trader friends to bounce off ideas with so you can get feedback.
Exactly. He is totally discombobulating daytrading with position trading, which is investing. The only instrument you can hold forever and not suffer a realized loss is a major stock index, because they go up by design. That is literally inherent in their construction. I learned that in index futures trading, via every time I used a stop, I turned what was a profitable trade into a losing one, and even worse perhaps, capture a 20-point gain when it could have been a 400 point gain. But live and learn.
HAHAHAHAHHAHA LMFAO HAHAHAHAHAHHAHAHAAHAHHA LMFAO HAHAHAHHAHA at "All this time going round and round discussing about stop loss and it turns out he's talking about averaging the damn index." LMFAO HAHAHAHAHAHAHAHAHAHA
Hello wxytrader, This way will take forever to get rich. You have to trade every day or once a week to get rich man. Everyone is already buying and buying and holding index funds forever. This is a no brainer, everyone I work with at full time job does this already. This ain't no money right now. At ET forum we trying to get rich quick, not slow. Fuck that slow money man.
Where did I say it was like dollar cost averaging? I'm talking substantial average downs at key levels that would make your guys's head f****** spin.