Down to about $90k, where would you park it if your trading skills were trash?

TrailerParkTed said:
Are you for or against cutting losses?
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Not at the expense of long term gains. Losses are just another buying opportunity. You guys have been bamboozled to believe otherwise.

Again I feel I need to mention this is indexes or ETFs unless scaled down.
 
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deaddog said:
Nice, what has been your maximium drawdown?
I have had similar returns with less than 10% drawdown and been in cash for most of the major market drops.(2008 & 2020)

I fund my lifestyle with my trading so can't really afford to sit and wait for stocks to recover. I don't want to have to sell near the bottom.
I'm quick to take small losses and I don't hold losers in my portfolio.
I'm not well diversified. To my way of thinking that just leads to average returns.
You have to do what works for you.
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Why would you sell at the bottom lol? I wouldn't do this with my entire portfolio if I needed money from it daily...I would sell premium.
Agreed. Diversification is for suckers...unless selling off the winners and bottom feeding but then it's just swing trading.
 
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vanzandt said:
Hello SimpleMeLike

C-sharp (C#) is cool, and there is no such thing as C-Flat, but calling your software #C is genius. I think you're on your way to trading immortality. Dub the next version of the software, the next "beta" version or whatever it is geekdom calls this type of thing---E-Sharp. You'll stand out in the crowd. And never forget, it takes dissonance to beat the old school guard.
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Hello vanzandt,

Sorry for the late response. I been busy man trading and clicking trying to get rich and working on algo development to get me rich. I normally click for 3 hours a day and check on algos.

Man, I do not know what you talking about all that C sharp bullshit. NT8 allows you to code whatever you want man. It is not that serious. I actually do not like all this damn coding, but it helps to keep me diversified in my trading. Just go build you an algo man and get busy. What you talking to me for with all this coding crap?

Man go trade and click and back test and get rich.

If you think I do not know how to program/code, that is your business. I do not care, you not paying my bills. You guys really think I be worried about yall talking about. My development below proves otherwise.

Go help the OP


upload_2024-2-13_16-11-14.png
 
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ironchef said:
You were the one that said easy, unlike @SimpleMeLike who struggled for years and finally made it, you implied you could be profitable from the get go.

It wasn't easy, to profit from long options, it took years of trial and error to find the right timing, right buy. But once you figure that out, it could be a profitable way to trade, just like @SimpleMeLike's ES future trading.

Let's not keep arguing in OP's thread about @SimpleMeLike or showing you my trades, let's focus on OP's struggle and give OP some encouragements and support.
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Hello ironchef,

Yes, you guys spending tooo much time worrying about what I am saying and doing. I am just an ES clicking guessing manual trader and that is what works for me.

Yes, too much struggle on my end in the past. That is for sure.

I do not blame the OP for quitting trading. It is NOT for everyone and someone can really waste their time and energy and money in this trading business and never get rich or wealthy from it. just going in circles. Best to just quit and save his hard cash for something else in life.
 
SunTrader said:
At the risk of repeating myself - seriously?

The only way to make time (and money) work for you is always, always cut losses. A loss is admitting you are wrong. Very, very hard for some.
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I got a laugh too, at first I thought he was messing with us about stops.
 
SunTrader said:
At the risk of repeating myself - seriously?

The only way to make time (and money) work for you is always, always cut losses. A loss is admitting you are wrong. Very, very hard for some.
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That is the worst advice ever. Cutting losses is realizing losses versus using the opportunity to lower your break even and maximize gains. You guys aren't driving Lambos because you are thinking like retail bitches. You think I was selling Bitcoin when it dropped to 3k? Lol no I was loading up and averaging down and boom! 2008 Lambo

You don't enter a trade thinking "oh no if I'm wrong and the price drops I better cut my losses boo hoo."

You enter saying I think this is a good entry and a good starting point to average down from should price drop further. You should be literally hoping price will drop so you can leg in further and increase potential profits. There is no right or wrong, just managing expectations.
 
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wxytrader said:
That is the worst advice ever. Cutting losses is realizing losses versus using the opportunity to lower your break even and maximize gains. You guys aren't driving Lambos because you are thinking like retail bitches. You think I was selling Bitcoin when it dropped to 3k? Lol no I was loading up and averaging down and boom! 2008 Lambo

You don't enter a trade thinking "oh no if I'm wrong and the price drops I better cut my losses boo hoo."

You enter saying I think this is a good entry and a good starting point to average down from should price drop further. You should be literally hoping price will drop so you can leg in further and increase potential profits. There is no right or wrong, just managing expectations.
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Haha on sale mentality to the max. Keep shopping, while it is drop, drop dropping.

Geeeeeeeez talk about retail.
 
SunTrader said:
Haha on sale mentality to the max. Keep shopping, while it is drop, drop dropping.

Geeeeeeeez talk about retail.
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Ok why don't you put a stop loss on your house? Set a smart contract up to sell it if the price drops 5% lol yes that's how stupid stop losses are. You guys have been completely hoodwinked into thinking stop losses are there to stop YOU from losing money when all they are for is to create liquidity for THEM.

And ahem driving a 2008 Lambo while you are posting screenshots on discord from your Robinhood account.
 
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