Quick reminder to all:
It's not necessary to post trades here, but if you do, they need to contain a real time stop posted at the same time, since we have no way of knowing what an account size is. This is the way to keep it real and could aid in making someone a better trader as well. Averaging is ok for investing when the money is going to be available at some later point to average in. This however is a trading journal and stops must be posted. Because as we all know, leverage is being used and averaging in is indeed only being used by people who end up losing money. --- Use my posting as an example for proper posting. I copy the time stamps etc. and it's easy to see what my position is at any one time. --I end up disregarding the majority of the other trades posted as they don't contain stops etc.--I read them, but disregard the ones that are just attempts to be right.--I'd rather be wrong a lot for small loss and be right hardly ever, but for a nice gain.
It's not necessary to post trades here, but if you do, they need to contain a real time stop posted at the same time, since we have no way of knowing what an account size is. This is the way to keep it real and could aid in making someone a better trader as well. Averaging is ok for investing when the money is going to be available at some later point to average in. This however is a trading journal and stops must be posted. Because as we all know, leverage is being used and averaging in is indeed only being used by people who end up losing money. --- Use my posting as an example for proper posting. I copy the time stamps etc. and it's easy to see what my position is at any one time. --I end up disregarding the majority of the other trades posted as they don't contain stops etc.--I read them, but disregard the ones that are just attempts to be right.--I'd rather be wrong a lot for small loss and be right hardly ever, but for a nice gain.