stop losses are for loooosers

Discussion in 'Strategy Building' started by primemover, Jun 29, 2005.

  1. Oh, you and Nabahaba must be friends.
     
    #61     Jun 29, 2005
  2. Opps... not the same reason.

    NihabaAshi does it because he is a special person.
     
    #62     Jun 29, 2005
  3. FredBloggs

    FredBloggs Guest

    yes - unless you know what the market will do next. which we dont.
     
    #63     Jun 29, 2005
  4. FredBloggs

    FredBloggs Guest

    ignore that last post - too little info to decide.

    hows the market ticking?

    is there a report out in 2 min?

    etc


    how long u been in the trade


    etc


    but generally it depends on what your plan tells you to do - assuming you trade from 1. (good and bad traders dont. plans are for the mediocre imo - go with the flow baby)
     
    #64     Jun 29, 2005
  5. How can you trade without a plan?

    What if everything goes wrong? Do you still have a flow?

    Don't you have a plan when you get into your car?... going shopping? ....or whatever?

    Even surfers have a plan! Believe it or not!
     
    #65     Jun 29, 2005
  6. 10 minutes studying basic prob distributiosn would have told you the same...
     
    #66     Jun 29, 2005

  7. i know a little about surfing!

    :D :D
     
    #67     Jun 29, 2005
  8. Bottom line: you want better stops? Be more accurate on your entries :D
     
    #68     Jun 29, 2005


  9. yes. however, extensive trading propaganda seems to fly in the face of basic probability.

    wonder why??

    :)
     
    #69     Jun 29, 2005
  10. I like the boating analogy because competent boating and competent trading have a lot of the same skill sets.

    Namely seaworthiness, navigation, and preparedness for emergencies.

    One of the best ways of preparing for emergencies is having a maintenance schedule for both the vessel and the captain.
    One of the unintended benefits of doing maintenance is anchoring a self reliance component to your character.
     
    #70     Jun 29, 2005