5 Golden Rules of Trading

Quote from Alex55:

Not especially for me alone but for all readers of this thread.
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Ohhh-k then, why do you think my risk percentages are going to be relevant to you....or all readers, or anyone else?
 
Quote from Alex55:

On that I fully agree.
Drawing trend-lines in Forex-charts will show more falls break-outs than other instruments (index-Futrues, or Stocks). Very probably because there is no central Exchange to quote the real Forex price.
So for Forex you will need Stops far below break-out-lines or get burned.
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I don't know very much about other markets as I mainly trade forex.

Where you place a stop in relation to indicators isn't really what I'm talking about (in fact I'm not sure wide stops are going to help in the long run), as I said I'm not one of your more conventional 'entry/stop/limit' traders. :)
 
Quote from cabletrader:

Ohhh-k then, why do you think my risk percentages are going to be relevant to you....or all readers, or anyone else?
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Again yes, for the reasons I wrote before....but actually I think you don't have any idea of your own risk (so cannot tell it anyway)
 
Quote from Alex55:

Again yes, for the reasons I wrote before....but actually I think you don't have any idea of your own risk (so cannot tell it anyway)
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You kinda missed my point.

What difference would it make to you and your trading if I say my risk is 1% or 5% or 25%......risk percentage has to be taken in context.

This isn't rocket science, these are very basic issues, if you don't have the capacity to understand basics like this then to be frank it doesn't bode well for your career as a trader!
 
Quote from cabletrader:

You kinda missed my point.

What difference would it make to you and your trading if I say my risk is 1% or 5% or 25%......risk percentage has to be taken in context.

This isn't rocket science, these are very basic issues, if you don't have the capacity to understand basics like this then to be frank it doesn't bode well for your career as a trader!
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This reply tells us enough of how we should take your opinions and posts. Risk is just an empty phrase for you..

And please don't judge me (or others), as you have no idea who I am, how much experience I have and how profitable I am. I will not do that to you as well.
 
Quote from Alex55:

Risk is just an empty phrase for you..
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hehe, how do you work that one out? :D

I notice you didn't answer the question though, didn't you understand it?

"What difference would it make to you and your trading if I say my risk is 1% or 5% or 25%...."

Please tell me, I'm all ears (or eyes!) :)

As for your level of competence, experience, and/or profitability, I can only go by what you've posted and I would have to say novice, naive, and in all probability consistently unprofitable, that's certainly the way you come across anyway!
 
Quote from cabletrader:


"What difference would it make to you and your trading if I say my risk is 1% or 5% or 25%...."
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Assuming you are a successful trader
And assuming you don’t use hard stops
And assuming your risk is more than I am now comfortable with; there is a possibility that I might rethink my strategy.

That is what ET is all about isn’t it. To help your fellow traders. :D :D
 
Quote from deaddog:

Assuming you are a successful trader
And assuming you don’t use hard stops
And assuming your risk is more than I am now comfortable with; there is a possibility that I might rethink my strategy.

That is what ET is all about isn’t it. To help your fellow traders. :D :D
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Hit the nail on the head.
 
Quote from cabletrader:

As for your level of competence, experience, and/or profitability, I can only go by what you've posted and I would have to say novice, naive, and in all probability consistently unprofitable, that's certainly the way you come across anyway!
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Sleep on...''big boy".
 
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