Risk management techniques

Discussion in 'Risk Management' started by Lee-me, May 7, 2023.

  1. And paying attention to fundamentals is crucial, I think.
     
    #41     Jul 21, 2023
    murray t turtle likes this.
  2. %%
    SURE is .
    Seasons+ seasonals matter also............................................
     
    #42     Jul 21, 2023
    ArnavDeshmukh likes this.
  3. Lee-me

    Lee-me

    Yeah, you're right mate. It's better to take all of this into consideration.
     
    #43     Jul 21, 2023
    ArnavDeshmukh likes this.
  4. Lee-me

    Lee-me

    Well, yeah. That'll happen...
    What do you mean by chart work?
     
    #44     Jul 21, 2023
    murray t turtle likes this.
  5. ironchef

    ironchef

    Did you read the thread: Prudent Risk Management by @Buy1Sell2? It is worth your while to invest a little time reading the posts. It helped me a lot.
     
    #45     Oct 11, 2023
  6. All that matters to me is not taking big losses. I get in a trade and if it I am not up rather quickly I just get out. I have absolute faith in my ability to execute at a good entry price though. Of course, you have to deal with the psychology of missing out and the psychology of a poor win rate. My "win rate" has literally no meaning to me. I couldn't tell you what it is but if I had to guess it would be around 30% from all my tiny losing trades. If I cared at all about my win rate it would almost ruin trading for me.
     
    #46     Oct 22, 2023
    murray t turtle likes this.
  7. %%
    Study charts a lot more [chart work]

    I prefer printed charts , but computer candle screen charts could work if they are accurate.
    Daily, weekly + such can give some hints.....................................
     
    #47     Nov 14, 2023
  8. I think this could be a problem in that you don't know what it looks like in your winners vs your losers after you are already in a trade. The reason you wait is because the markets are chaotic and you feel uncertainty of being right or wrong. Probably combined with fear of getting out and having the the trade run with out you. Due to these, the brain can't decide what "the right" thing to do is and semi-accepts that the markets could turn at any instance. However, you just probably cripple any trading methods EV by taking large outsized losses regularly....
     
    #48     Nov 14, 2023
    murray t turtle likes this.
  9. schizo

    schizo

    "The most important rule of trading is to play great defense, not great offence."

    — Paul Tudor Jones.
     
    #49     Nov 14, 2023
  10. josy5

    josy5

    Alright, let's talk forex in plain talk. It can make money, but no fast success, okay? Success means knowing markets, playing safe with risks, and having a plan. Quick riches? Nope, it's a steady struggle. Stick around, keep learning, and be wise with risks.
     
    #50     Nov 17, 2023