Trading the Plan

Discussion in 'Journals' started by studentofthemarkets, May 27, 2022.

  1. lol

    No, I haven't.

    I have known of people who tried buying crashes and lost everything!!! Let's see, one person and his friend in particular just kept thinking the 2008 crash had gone down so far that it HAD to turn around, only it didn't and they kept repeating that behavior until they ran out of money. I didn't know them, but I knew a family member who was pretty upset about it! They both messed up their families finances and they gave up on trading!
     
    #141     Jul 3, 2022
  2. Overnight

    Overnight

    So the market never turned around after 2008. This is new news to me.
     
    #142     Jul 3, 2022
  3. No. They ran out of money by buying when it was dropping based on the logic that it would go up soon like it always did before. It's a timing thing.
     
    #143     Jul 3, 2022
  4. Overnight

    Overnight

    And if they just stayed in the market, they would be up what, 400% or some shit?

    So according to you, there is no way to make money in the market, and once you take your losses you should get out of the market and never enter again, because the market will fall indefinitely.

    Brilliant advice. Thanks for playing. Stick to the Biblical shit, which you are bad at, because you are TERRIBLE in the markets.
     
    #144     Jul 3, 2022
  5. I have the system.

    I have the written rules.

    I have a rough draft checklist that needs more work.

    The next step is following it.
     
    #145     Jul 3, 2022
  6. What?!! You are twisting my words and saying things I never said!

    Yes, if they had just stayed in the market they would be up a lot. But they couldn't afford to stay in the market through the crash.

    lol I never said there is no way to make money in the market. I said it is a TIMING thing.
     
    #146     Jul 3, 2022
  7. Overnight

    Overnight

    Can you please explain to the audience what that statement means?
     
    #147     Jul 3, 2022
    studentofthemarkets likes this.
  8. Well, I don't know how they traded it other than whenever they bought it, it went against them and they lost money, then they bought again and got out for another loss because the market went down and not up. This pattern continued until ALL THEIR MONEY WAS GONE.
     
    #148     Jul 3, 2022
  9. easymon1

    easymon1

    Do you have one simple written down black and white concrete setup to trigger a buy or sell to enter?
     
    #149     Jul 3, 2022
  10. Overnight

    Overnight

    You only lose money if you sell at a loss.
     
    #150     Jul 4, 2022