Risk management techniques

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

  1. ironchef

    ironchef

    You must be a professional trading OPM?

    As a retail trading my own money, he described exactly how I felt with a losing hand that went terribly wrong. It felt like you were a deer in a headlight, you froze. It has nothing to do with understanding your model, it is psychology.
     
    #51     Nov 17, 2023
    murray t turtle likes this.
  2. RantaMin

    RantaMin

    Why do you prefer printed charts?
     
    #52     Dec 11, 2023
    murray t turtle likes this.
  3. RantaMin

    RantaMin

    Exactly, if you want to lose your money quickly, it's better to go to a casino or play poker with friends.
     
    #53     Dec 11, 2023
    murray t turtle likes this.
  4. %%
    More accurate + can correct an error+ make max notes on them;
    + requires no computer to read them. even if a computer was used to print them:D:D
     
    #54     Dec 12, 2023
    RantaMin likes this.
  5. RantaMin

    RantaMin

    Absolutely, and in an emergency, they're not just informative but also... surprisingly multipurpose. Let's just say, they're the only notes that can also help out in a 'roll'!))
     
    #55     Dec 26, 2023
    murray t turtle likes this.
  6. %%
    Absolutely; good rant.
    And for some that are visual+ likes printed charts, also fun + multi purpose.
    I never bought into the trading book theory, trading or investing had to be boring:D:D
     
    #56     Dec 28, 2023
    RantaMin likes this.
  7. Lee-me

    Lee-me

    Keeping realistic expectations from my positions.
     
    #57     Jan 19, 2024
    murray t turtle likes this.
  8. %%
    THAT;
    but also use a ''super trend ''indicator..................................................................
    Super trends do much better that good trends/usually LOL:D:D
     
    #58     Jan 22, 2024
  9. ironchef

    ironchef

    IMHO, you asked the wrong question.

    Everyone knows what their risk management techniques and strategies should be.

    What separate the winners from the losers is winners adhere to them whereas losers don't.

    It is counter intuitive, you will win after you learn & practice how to take losses.
     
    #59     Jan 23, 2024
    murray t turtle likes this.
  10. RantaMin

    RantaMin

    Screenshot_14.jpg
     
    #60     Jan 24, 2024