Please Help.. Please

Discussion in 'Psychology' started by mrnate22, Nov 30, 2012.

  1. I have a program that automatically sells my stock if my losses incur over 100 bucks so I can't trade with size..
     
    #261     Dec 11, 2012
  2. NoDoji

    NoDoji

    That's very good.

    Regarding your strict rules: Could you hand a man-on-the-street with average IQ your rules drawn up in such a way that he'd be able to read them, understand them and use them to trade a single highly liquid instrument (stock, ETF, or futures contract) profitably, assuming he was available to trade nearly every occurrence of valid setups?
     
    #262     Dec 11, 2012
  3. ammo

    ammo

    forget about the money,clouds site of your goal,its a game, get as many points as possible while giving back as few as possible,the 2nd part is more important than the first, goal is to score the most points
     
    #263     Dec 11, 2012

  4. write your trading capital on a sheet of paper.

    Move the decimal point twice.

    divde by the trades per day.

    this answer is when this thread comes to a close in days and when you close the suitcase you are packing.

    It may take longer than surf took to blow out on the combine, but you are just as good.

    Next ,consider taking up drinking; this will lead you to a 12 step program unless you are in a very serious auto wreck.
     
    #264     Dec 11, 2012
  5. My rules are made specifically for the strategies I use so I don't think any man-on-the street will be interested.
     
    #265     Dec 11, 2012
  6. Aren't you a technical trader?
     
    #266     Dec 11, 2012
  7. Only since 1957.

    Before that I was in college.

    In 1960, my salary was less than my trading commissions.

    I pencilled in my own charts, then.
     
    #267     Dec 11, 2012
  8. Wow.. You must really love trading..
     
    #268     Dec 11, 2012
  9. NoDoji

    NoDoji

    So your rules are such that only you can understand them; they're not codable, so to speak.

    All the best to you.
     
    #269     Dec 12, 2012
  10. I didn't mean it that way Nodoji.. I think your very good at technicals.. I really enjoy the charts and the advice you provide..
     
    #270     Dec 12, 2012