Hard stops or "market stops," whatever you want to call it, a stop is a stop. I'm saying I don't think to myself while putting on a trade, "OK, this is my stop loss price," whether I actually place the stop loss order or not. The fish on this site will jump to the conclusion that I must sit on losers or average down.
Daytraders are delusional of the real world?
- Thread starter crgarcia
- Start date
Hard stops or "market stops," whatever you want to call it, a stop is a stop. I'm saying I don't think to myself while putting on a trade, "OK, this is my stop loss price," whether I actually place the stop loss order or not. The fish on this site will jump to the conclusion that I must sit on losers or average down.
would be nice if it was definitely impossible because at least then id have an excuse for pissing away thousands of pounds! 
Got killed today. 8 trades or so...all but one were losers!
If i use tightish stops, the market stops me out and then pings in the expected direction.
If i use a big stop, some 'out of the blue', freak move happens and the marker travels much more than usual so that it can hit my stop! lol.
Im at least remaining discipline with my stops, but my little account is down to its last legs. Dont know how i can be so unlucky....it can only go up or down!!
Ive had success before and made some money, but only when i've been willing to lose the account and trade without stops. Im trying to get away from that sort of trading because i know that at some point a relentless move will happen that wipes out the account, but since using stops, my account is shrinking every day
There's at least 5 or so traders here who appear to actually make consistent money from trading. (redink-inc, lescor etc)
Got killed today. 8 trades or so...all but one were losers!
If i use tightish stops, the market stops me out and then pings in the expected direction.
If i use a big stop, some 'out of the blue', freak move happens and the marker travels much more than usual so that it can hit my stop! lol.
Im at least remaining discipline with my stops, but my little account is down to its last legs. Dont know how i can be so unlucky....it can only go up or down!!
Ive had success before and made some money, but only when i've been willing to lose the account and trade without stops. Im trying to get away from that sort of trading because i know that at some point a relentless move will happen that wipes out the account, but since using stops, my account is shrinking every day
There's at least 5 or so traders here who appear to actually make consistent money from trading. (redink-inc, lescor etc)
Quote from Brianharvey:
would be nice if it was definitely impossible because at least then id have an excuse for pissing away thousands of pounds!
Got killed today. 8 trades or so...all but one were losers!
If i use tightish stops, the market stops me out and then pings in the expected direction.
If i use a big stop, some 'out of the blue', freak move happens and the marker travels much more than usual so that it can hit my stop! lol.
Im at least remaining discipline with my stops, but my little account is down to its last legs. Dont know how i can be so unlucky....it can only go up or down!!
Ive had success before and made some money, but only when i've been willing to lose the account and trade without stops. Im trying to get away from that sort of trading because i know that at some point a relentless move will happen that wipes out the account, but since using stops, my account is shrinking every day
There's at least 5 or so traders here who appear to actually make consistent money from trading. (redink-inc, lescor etc)
why?
You either:
A. Are a bitter worker bee.
B. Were dropped on your head as a child.
C. Lost all your dough day trading and blame others for your own actions.
D. All of the above.
For all of you playing at home, this guy is the business:
http://www.aussiestockforums.com/forums/showthread.php?t=12683
http://www.aussiestockforums.com/forums/showthread.php?t=12683
All i hear is NO, NO, and more NO. How are you certain that there arn't ANY profitable consistent traders out there. And when I'm measuring consistency I'm talking about +5 years. Again where is your proof, other then coming up with this conclusion after you probably blew up your own account, other wise, why would you be on here constantly bashing day trading? You do realize this is a day trading community?