true....i use follow this in the beginning from a mentor. then i found what works for me. i started to take my winner quickly because that fits my style. and if i'm wrong, i will go back to take more. found what works for you and go from there.
I think it’s the technical analysis guys who let profits run while limiting losers. They have to this primarily because technical analysis doesn’t really give them an edge. Those of us who trade in probabilities do much better because we know the law of large numbers gives us significantly better odds of being successful. Out of my last 21 trades, 20 have been profitable. With those odds, I’ll sit at the blackjack table all day long. If a technical analyst uses the same indicator over and over, at best they will be 50/50. Of course, they are quite an argumentative group and will argue with you all day long. But I’ve yet to have one show me anything differently.
yup my mentor was a stubborn mofo. i would argue with him all the time. let's say i cut him short and went on my own...lol.
You just confirmed what I told. I see that you make also a lot of mistakes while posting, you seem to have problems with the English language.
Not true , if trades of similer size your profit would be almost halved (approx).(for Friday as per quote)
If a millionair and a homeless guy meet, you know what they do? The millioniar pretends to be poor and the homeless pretends to be rich. I am happy that you think you found the wholy grail and that other people are stupid. Creates opportunities.