Manage your capital or face the death in trading

Discussion in 'Trading' started by ninZa.co, Aug 18, 2023.

  1. ninZa.co

    ninZa.co Sponsor

    Trading's most crucial aspect lies in risk and capital management. Mastery of this element can turn a basic trading approach into a profitable one.

    Watch the live trading prowess of James Buchman, a part of our elite 1% of successful traders, as he earns real profits in the showcased video.


    You can check out more of his LIVE trading here:
    https://www.youtube.com/@ninzaco/videos
     
    murray t turtle likes this.
  2. PPC

    PPC

    Yes traders, risk and capital management are crucial!!!

    Therefore traders, as a general rule of thumb, do NOT risk your capital on buying courses, systems and indicators from people who are not traders themselves.

    Do you agree, or disagree?


    upload_2023-8-18_21-39-52.png
     
  3. %%
    Sounds like great a general rule;
    but a good book may haVe good system with discretion, but maybe thats why you did not take a shot @ books LOL
    Dr Tony Evans said the wolf howls scared some;
    but state of AK put a $50 bounty on wolves + then he said ''we're rich'':D:D
     
  4. showing only a few good trades is known as cherry picking so unless you have a track record please don't post those anymore, they are misleading and designed to sell
     
  5. Redneck

    Redneck




    I have mixed thoughts

    Aspiring traders don't know..., what they don't know


    I think people should be very selective with their purchases..., knowing some purchases are necessary

    Unfortunately the internet / bookstore are filled with bullshit promising all sorts of returns / secrets / "holy grails"

    If one does sign up for a class / training..., do not hesitate to request you see their brokerage statements over whatever period of time you deem acceptable (everyone and their dog can trade a bull market..., and bear takes a little more skill..., a sideways take a lot of skill)

    And if they refuse / make excuses why they can't produce them - call bullshit and walk away


    ========================

    This shit takes work / sacrifice / and time

    Hardest way to make easy money there is - so the saying goes


    RN
     
    PPC likes this.
  6. RRD1

    RRD1

    Has anyone traded live with James Buchman and had success? Specifically net positive results for more than just a few days?
     
  7. ironchef

    ironchef

    There is a natural skepticism here. Most long time ET'er are battle harden and developed a healthy skepticism towards sellers of courses on how to make money trading.

    There is a middle ground.

    Professors who teach you the how to design, may not be good designers themselves but they should understand and teach you the path to get there.

    A good basketball coach need not be a good player as long as he knows how to mould you into a good player.

    Unfortunately trading is a field with lots of unscrupulous players out for our money and few good players. I know sponsors like ORTS, Lightspeed are great at providing the relevant services.

    I hope by being on ET means ninZa.co will eventually pass your tests and providing good services to ER'er.
     
  8. ironchef

    ironchef

    Thanks for the video link.

    I watched 3 of his YouTube videos. This Friday, 8-21 and 8-22.

    He didn't give a tally of his trades so it is hard to assess if he is legit and the outcome valid except the banner said $xxx profit. From the real time charts displayed in his videos, my entry and exit points would be quite different.

    But he is a pro and I am just an amateur retail.