If you use stop losses then you are essentially gambling

Discussion in 'Trading' started by wxytrader, Feb 15, 2024.

  1. Overnight

    Overnight


    Pretty sure B1S2 has that copyright. PRM™
     
    #251     Feb 24, 2024
    ironchef likes this.
  2. ironchef

    ironchef

    If it is THE ONLY edge, he should copyright it.

    On a side note, on average you posted 12.7 times every day, 365 days a year every year since 2016! That is impressive. :thumbsup:

    I have a lot of catching up to do. :D
     
    #252     Feb 25, 2024
  3. Good Morning Overnight,

    Get the money first, then start a journal.

    You getting money backwards. You not going to make no money from your journal. So why do it? Plus in your journal you not making money.

    So you in a lose lose situation. You not making money trading. And you not making no money from your journal. And you have NinjaTrader and you not using it to its full potential. You can not capitalize in a quantified statically based strategy all your trading ideas. You need to think about that some.

    Make money first, then start a journal.

    Trading is complicated enough for some folks, why make it complex with a journal.

    I don't have time to be Journaling.

    Work smarter not harder.
     
    Last edited: Feb 25, 2024
    #253     Feb 25, 2024
    semperfrosty likes this.
  4. Good Morning TrailerParkTed,

    Yes it is. If we lose all our money, then we can't make money. So yes, I always know how to lose, I enjoy the loss more than wins. And I enjoy the wins more than the loss. But I don't want to lose all my money.
     
    #254     Feb 25, 2024
  5. I know youre kidding but in my opinion you should have tripled or quadrupled your initial capital before attempting this.

    If I was designing a system for sale to beginners,you wouldnt even short till you had doubled.

    Keep some odds on your side while you are still green and.psychologically/emotionally, a whipsaw is the worst kind of loss.You do not need a 2,3,4 event loss in short succession.That will chase you out of the game faster than a bullet.
     
    #255     Feb 26, 2024
  6. I think SML has started taking,what the boys in the kitchen are calling,NZT.

    [​IMG]
     
    #256     Feb 26, 2024
    SimpleMeLike likes this.
  7. Good Evening semperfrosty,

    My mind on my money, my money on my mind.
     
    #257     Feb 26, 2024
    semperfrosty likes this.
  8. :fistbump::fistbump:
     
    #258     Feb 26, 2024
    SimpleMeLike likes this.
  9. Hello semperfrosty,

    Bills are due on the first of the month, Income is needed

    Millions is needed in the bank, can not work forever trying to figure it out in trading

    Trading needs to end both sentences with a PERIOD!!
     
    #259     Feb 26, 2024
  10. vanzandt

    vanzandt

    If we're gonna quote Snoop, no post is complete w/o one from Dre. :sneaky:
     
    #260     Feb 26, 2024
    SimpleMeLike likes this.