Brooks says a scalper needs to be correct 80% of the time for the traders equation to be positive.
Most people arent going to be able to do that. So scalping and not getting back in right away, as opposed to holding through the whole trend, is always the downfall of newbs. Only certain types...
Per brooks, you should make your decisions as binary as possible.
"Is this a BO or a Failed BO?" Based upon that it gives you the third answer of entering or not entering. If it breaks this is what i do, if it doesnt break this is what i do. Binary.
Until you can answer one of those 2...
OP Id be careful who you listen to around here. Some people lose 40k+ on trades and implore the hope strategy on making back the profit.
Its important that you dont corrupt your psychologically when it deals with trading. Caveat Emptor.
No. thats the job of you if you are going to sit up and and accuse him with literally NO FORM of evidence.
Dont cop out now hoe. Prove your claims or keep your trap shut.
Regarding this trade - prior to reversal you got strong buying pressure up to the EMA. Then it reversed down and it was a climactic ending. Why? 5 consecutive bear bars closing on their lows. There was nothing close to that at all in that channel hence why it was climactic + with the massive...
Lmao - stop cappin. If it was a small percentage you wouldnt be on here talking worried and about "wHAT dO I DO" spewing shit about margin.
Projection is a hellava drug - Nighty Night Mr Dense - Ill be sleeping sweet dreams thinking about how I didnt lose the farm.
Says the poverty fuck who lives in filth and cant afford a maid LMFAO.
From your massive projection I would say that 40k is most of your NW. If it wasnt your other positions would be bigger.
LMFAO. nighty night Mr Dense - take my advice before you lose the farm.
ETA - and you should worry...
Lmao, pretty arrogant for someone who lost 40k in ONE TRADE. lmfao, no matter how big or small my account is you will never see me being so fuckin Dense.
But i get it, projecting that I lose in the market cuz you lost 40k+ in ONE TRADE.
The only way ima lose 40k in one trade is if i have a...
@destriero - maybe you can give Mr Dense some advice
O Mr Dense, havent you heard of cutting your losers quickly?
You should have known something was up when the stock was on its way up to 90. Then you just sat and held with the hope strategy TF were you thinking?
Ill give you 2 options, des...
Money in my demo is proof of concept shit for brains.
Im not the type that treats demo and real money differently. I like to take good trades - so when I am wrong it effects me the same no matter if real or not.
Now you can say "iTs nOT thE SaME" all you want - but im not the one here...
? He had a HFT company before RH
Just because someone does or doesnt have a cert. doesnt mean anything in of itself. Appeal to authority bias - you should work on that.
you are just stupid. I understand though, not everyone has the mental capacity to understand what Al is saying. 5yrs is probably the absolute minimum for your avg moron, like you, to even begin to understand what is being said.