Sit on Hands, when risk per trade is too big?

Discussion in 'Trading' started by SimpleMeLike, Mar 9, 2020.

  1. smallfil

    smallfil

    You should be looking at multiple trades so that, you have a couple to choose from. Not every stock will have the same risk to reward ratios. Over time, by being disciplined, you will do so much better because you stuck to your rules.
     
    #11     Mar 9, 2020
    SimpleMeLike likes this.
  2. Thank you DevBru,

    I like this. Good comment.
     
    #12     Mar 9, 2020
  3. RedDuke

    RedDuke

    If risk is too big, I always stay out. Having no positions, is also a position.
     
    #13     Mar 9, 2020
    SimpleMeLike likes this.
  4. Thanks RedDuke,

    I like this.
     
    #14     Mar 9, 2020
  5. imjohn

    imjohn

    Intraday, many of the best days in a given year are typically the most volatile. You should come up with a way to adapt your strategy / position size to times of increased volatility, so you can take advantage of the increased signals and movement. Lower contracts or switch to micros if you're just trading 1 contract and keep it moving.
     
    #15     Mar 9, 2020
    SimpleMeLike likes this.
  6. Turveyd

    Turveyd

    I risked 1 NQ short only going to risk short, lasted 4mins and made me 30pts that'll do, back into hiding.

    Worst risk being, Circuit breaker goes in and opens back up 500pts in the red = Massively in debt, not worth the risk.

    Stay safe, wait for calmer times IMHO!!
     
    #16     Mar 9, 2020
  7. Sekiyo

    Sekiyo

    TST’s risk parameters wise,
    It’s like playing the Russian roulette.
    You have 5 chances out of 6 to make it big,
    But if you ain’t lucky or just playing too much,
    Then you’re dead ...

    Luckily my pro account ain’t set yet.
    Otherwise I might had done a full reset.

    God BlesSs
     
    #17     Mar 9, 2020
  8. Esha.J

    Esha.J

    Very truly said it is better to stay out from such situation where you known the probability of loss is high and fear of loss may tend the trader to take wrong decision by which he will loose even the capital amount invested.
     
    #18     Mar 10, 2020
  9. Thank you smallfil,

    This is a good point you mentioned.
     
    #19     Mar 10, 2020