Something a trader should never do

Discussion in 'Trading' started by OddTrader, Feb 11, 2015.

  1. dbphoenix

    dbphoenix

    Or ski :)
     
    #21     Feb 12, 2015
  2. deaddog

    deaddog

    Don't turn a trade into an investment to avoid a loss.
     
    #22     Feb 12, 2015
    kut2k2 likes this.
  3. Don't enter a trade thinking about how much money you are going to make. Enter a trade thinking about flawlessly executing your setup.

    Don't deem yourself a failure because of a loss. If you messed up, learn from it. Write it down over and over again until you get it...If the setup didn't work out, just move on to the next opportunity.
     
    #23     Feb 12, 2015
    d08 and drcha like this.
  4. Scaleout.Scalper

    Scaleout.Scalper Guest

    Dont fade the feds :D
     
    #24     Feb 12, 2015
  5. Turveyd

    Turveyd

    Trying to pick a top in an up move cost me 3 trades in a row.

    Tryng to predict when the market will turn, although right in the end, the turn was limited and not really worth it, wasted too much time holding GU short, when I should of been trading GA fir huge profits ;(

    Still a positive day, so no real worries :)
     
    #25     Feb 12, 2015
  6. Scaleout.Scalper

    Scaleout.Scalper Guest

    3 losses in a row is not the end of the world, especially if you have an edge in catching tops, usually a top reversal should nullify 3 losses in a row, and then some, so not sure how this qualifies as a "Don't", depends on the trader.
     
    #26     Feb 12, 2015
    lucysparabola likes this.
  7. Turveyd

    Turveyd


    I would if been better joining the up move as i should do for 15 then playing the range while it was flat.

    -$36 on the 4 GU trades, still +$140 on the day, may try for some more shortly last hour into US close in generally good.

    Bad day for me.
     
    #27     Feb 12, 2015
  8. Never fully believe anything..
     
    #28     Feb 12, 2015
  9. Turveyd

    Turveyd

    If that's aimed at me, then all trades posted live in my journal, a few I didn't post entry, but I've got losses I didn't post the entry to there aswell.

    But in general FOR SURE :)
     
    #29     Feb 12, 2015
  10. I'm just answering the thread question ;)... Unless you want to talk shop?
     
    #30     Feb 12, 2015