momoney, i completely agree with you. That's the whole point i am trying to make but perhaps i will not express my negativity next time. It's their money to lose.
Not at all meant to be mean spirited. I asked myself the same question from time to time as a reality check...
They are much less the "set it and forget it" type of trade than FOTM. But as you mentioned, the upside is the when you are right you can take a good profit quickly.
I'm paper trading for a little bit so I can practice adjustments and see how the position reacts to the various moves in the market. I might do what Coach does and put on a small position with real money to up the pressure a bit.
That's kinda logical, don't ya think!? Of course you can make more money quicker if you a good direction picker.
You don't like my posts but you probably read each one three or four times, don't you? Now that's just plain bipolar! Looking forward to irritating you in the next 500, spuds.
What all successful traders have in common is they get paid = or > for the risk that they take. I guarantee you that a beginner will not be able to adjust/hedge a low r/r strategy the way they should to get compensated properly for that risk. Hence, their money is better suited with high r/r trades/strategies. But no one listens to me so try it out yourself.
I am sure that we all ask ourselves that question after a particuliarly bad month. But, the reason this thread\journal has worked so well is because most of the posters here support each other in good and bad trades. Offering encouragement and education is helpful and useful. People will not post there bad trades if the response is "maybe you should not trade." I do not think it helps the original poster, nor does it offer insight into stratagies. I have yet to see Coach post anything like that!