Are you one of the best in your field?
- Thread starter coolweb
- Start date
Quote from steve46:
By the way, do you have anything of substance to say about risk management? You ARE the best aren't you. The "King" of risk management
Steve
Steve,
You should know I am the man with so much substance I can't even hear well.
Risk management is simple.
Lets say you want to risk 2 ticks
, You only take find price action setups that allow you to only risk 2 ticks.
Lets say you want to risk 5 ticks, you only find setups that allow you to take 5 ticks.
run statistiatcs back 60 days to make sure 2 ticks or 5 ticks is allowed.
As one progresses in trading, one will figure out
the tigher the stop, the more flow the movement has to be or you will be chopped out.
What does this mean in choosing setups with smaller ticks? You must trade with momentum.
Volatility and time to entry is also important when choosing setups depending on your stops.
Can you use a tight stop during the morning? Yes, if you are as good as me.
I would just not bother most of the time because the reward is not good enough.
My risk reward is usually 1:20 - 1:30
There is my explanation for the masses.
Steve46,
Amateur player with the 1:3 and 1:5 at best. You are so behind in times. I would think someone who has been trading for awhile has progressed out of the
retard average joe 1:3 risk reward ratio
HAHAHAHAHAHAHAHAHHAHA
With my setups, I can be wrong 20 times in a row and still be net profitable. You on the other hand, don't even leave for a piss buddy.
Stay focused old man, Stay real focused. I'm going to stop taking your red stapler because you might crap on your great R/R.
Steve,
disregard the above nonsense. He's probably giving you a week's worth of statistics at best. Last week it was stocks, the week before that it was futures. Next week, he might find a book on trading options and profess to be the next Shelly Natenberg.
To be so blissfully ignorant. It must be nice to live in a cocoon.
"With my setups, I can be wrong 20 times in a row and still be net profitable. You on the other hand, don't even leave for a piss buddy."
Thank you, I am sure that you are often wrong as much as 20 times in a row. Congratulations?
I dont piss with "buddies", perhaps you are used to using communal bathrooms. I have one built into my house. If you continue with your very profitable methods, you should look into having a private bathroom installed. I dont want to be critical but an english comprehension course wouldn't hurt. Seriously, this is like playing basketball with a midget. Only we are talking back & forth, so perhaps this is more like playing with a mental midget.
Thank you for all your many replies. Don't be discouraged. You got some real "zingers" in there.
Steve
Thank you, I am sure that you are often wrong as much as 20 times in a row. Congratulations?
I dont piss with "buddies", perhaps you are used to using communal bathrooms. I have one built into my house. If you continue with your very profitable methods, you should look into having a private bathroom installed. I dont want to be critical but an english comprehension course wouldn't hurt. Seriously, this is like playing basketball with a midget. Only we are talking back & forth, so perhaps this is more like playing with a mental midget.
Thank you for all your many replies. Don't be discouraged. You got some real "zingers" in there.
Steve
Jackbyrd,
When was the last time you posted something trading related and something not about me?
Have you checked your last 50 posts?
<b>
All 48 of them were about me. Your King, Your almighty Coolweb.
</b>
HAHAHAHAHAHAHAHAHAHHAAHAHAH
Do you want my autograph?
Which nut do you want to suck? Left or right?
Or do you just prefer an autographed picture of it with one of my quotes on it?
Please if you don't mind. The "nut sucking" comments make me a little nauseous. Also it sounds like it would hurt. You might want to step up your plans to learn more English. Just a friendly suggestion.
Steve
Edit:
You know I think many of us would be interested to see if you would really post an autographed picture of your nuts. I say go ahead and do it. Get down with your crazy self.
Steve
Edit:
You know I think many of us would be interested to see if you would really post an autographed picture of your nuts. I say go ahead and do it. Get down with your crazy self.