Good Evening Wide Tailz, I do not use risk management when I trade. I do not like using risk management when I trade. Complete waste of time and energy and focus. I do you use a stop loss but 90% of time I cancel it and move it back.
One win can make up for 20 losses if you refine your risk management skills. One baby turtle gets to grow up into an adult, out of the litter of dozens. One baby seal survives the hostile water and rocks, one baby eagle gets fed first because it's the stronger one, etc. etc. The civilized world we live in paints a picture that everyone should get a fair chance, and even a trophy if they make an effort, but the real world is not like this at all. You need to fight to win, and the best way to stay strong is to not get injured!
And the flip side is when you realize there are very few (if any) Risk Managers left to sell off their losing positions, when the price action gets weak and the downside action can't even make a new low when everything else just fell thru the floor.... This is risk management on the entry side. You buy real estate after the big fire, obvously!
The other way, simply follow @wxytrader, hold them until it is profitably. It is not a loss until you sell.
Come on ese, I'm advocating for buying assets after no one wants them, when they refuse to go any lower. If you practiced this principle instead of following WXY, you would be buying a city block out there by now!
Good Evening VOLdemort, Please do not come back to @volpri journal anymore starting trouble. Leave me, @volpri and @ironchef alone. We making big money in ES futures. Go somewhere else with your pony and clown show. You not talking about nothing.