sometimes u will be right ..and sometime u will be wrong the reality of trading..is..some days u will make good trades,,and some days bad..but if u always take each trade as a loser..then u will be ok..as u know it might lose..but..in the long run..providing u keep trading..and have enuf money ..u will come out winning look at my EUR options trades for instance..not toooooo good at the moment..should have listened to ML ..but..point is..the euro may still rally..and i have risked some more as well..as i am feeling a bit lucky..which might be totally wrong of course..and..i really don't give a shyte..it's only $3.2K..as..i know i will make more money back than i lose..if not on euro..then on other markets everyone is different..u can stick to just one..and stay at it..as of now..i am trying out different markets..why..because i want to TO has been in the red many times..recovered..and also not recovered..but either way..it should and must not affect u..u must know that u need to trade to put the odds in ur favour..and the more u do it..the better u get at it..but never forget that u can have many losers in a row..as winners..and u will find that when u have many losers..then u were either not doing ur homework correctly..u were getting greedy(overtrading)..or u were just plain damn stupid..so..always keep rule no.1 in mind..and u will be ok in the long run and come out on top..which is what u need to do it is also wise to take money out when u make it..just in case u get carried away and think u are going to make millions..sure all u need is thousands NEVER BE AFRAID TO LOSE TO
RN made a very good point..and that is..pick ur stop first and the entry is then easy the reality of course..is that once u enter..anything can happen..so ur stop is ur way of keeping in the game to play the odds..plain and simple options are a very good way of fixing ur risk 100%..when long..but as option price decays over time..it is more risky buying near expiry options..even though they are a lot cheaper but..to buy next month+ options..u will pay out a lot more..so u need to be prepared to take on the risk..or just don't do it as with all trading...... T=$ be very careful what u do with ur money..and never believe anything u read on websites..no matter who writes it..for..u alone are the only person who can make or break U..and also know..there is never gain without pain..and that can mean hours of looking at screens..giving u headaches and pains in ur eyes..so..make sure u pick a way that allows u get away from it all for most of the time..and use common sense anyway..99.99% of it is just a load of bollox..and the little bit that matters is..U TO
np PL..just be prepared to do some hard work..find out what way u like best based on what times u have available..start small..and then it is just a matter of time i still think the US stock market is the best way to trade..as u can keep ur risk small and make some good money..but that is just my opinion..u must of course discover what is best for u..and go for it TO
the only head and shoulders that TO uses..is for his hair trade was based on a straight line..and as RN would say..go figure so..that day..did not like the market moves early on..so decided to bail out as had to go out..which cost me a bit..but main point is small winner..not loser look at how the time decay kicked in..and as well..do not like the way the CL market option prices moved..just me of course TO
You know MAC, Every one of my losing trades was/ is/ will be wrong â after the fact Fact is a trader doesn't concern themselves with being right or wrong⦠Nor would a trader judge another trader in those terms ================================== I sincerely hope youâre not as judgmental with your losers Sir Be a hellofa a burden to needlessly face/ lug around everyday Simply something to ponder RN
ZS + GC yes ML..the euro dropped a bit more..and TO is a bit sad..but TO will say a prayer tonite to the big trader in the sky..to please come down and get Angela to light some fires in the black forest good side..any option that expires worthless is one less commission early days yet..lets see what happens..and who knows..maybe TO will win..or maybe he will lose..for that is what trading is all about btw..been working on new layout for daytrading ES and NQ..put many hours into it..and 2 new monitors for even longer booktrader ..happy with results so far..but not finished yet TO is developing an new layout..called the FFT..damn..here we go again F _ _ _ F _ _ _ T R A D I N G TO
or.... point is..it is as easy to work at something..as sit on ur arse and post everything about nothing this took the time it took..bout 15 mins i suppose..and it is handy detail to see..and what is more..it can be all done automatically..with very little work..so..make use of ur PC..for that is what it is for..not for facebook and silly trading websites TO
last post..really i am looking at my screens now..and something has come back to me that was covered in the past..it was about about a painting..and what it actually meant..damn..will have to try and find it tmrw..as it might be just worth it also..if u find that u are not doing any extra work as a result of posting here..then u need to start..i have done many many hours of work in the last few weeks..and i do not like working for nothing..but..will not really start into risking bigger money until happy with ES/NQ setup and reaction times..for..getting ur setups right..and papertrading..are not one and the same..ur setups are like ur tradesman's tools..and..have u ever seen a carpenter driving in a nail with a spanner TO
of course..RN..u have hit the nail on the head..again talking about it..and doing it..are not one and same what u talk about..i think..is the biggest obstacle that every trader has to overcome..for..even though one knows that anything can happen..as soon as the trade is filled..everything changes..and now the trader must be right..otherwise the trade would not have been placed big mistake..in fact..the biggest mistake a trader will ever make..for..as u rightly say..trading is not about being right..or wrong..it is all about the act of trading..risk control..and position sizing correctly or..to cut all the bullshit..look for a signal..place the fukin trade..and it either wins or loses..and as Mr Ramsey says..after that..u can FUK OFF if u start messing about in the kitchen he is one fukin cunt that ramsey..but i like him..a straight talkin chappy..which is what is needed..not nicey picey shitheads who tell u what u want to hear..so..FUK THEM TO