Fighting greed

[Jdesey]

I’m sure folks can relate. I just pulled an awesome 90% profit on calls for visa and only held for two days. Of course had held for just one more day it would’ve been over 200% return. This tends to drive me crazy I have issues

 

[ElCubano]

I’m sure folks can relate. I just pulled an awesome 90% profit on calls for visa and only held for two days. Of course had held for just one more day it would’ve been over 200% return. This tends to drive me crazy I have issues

Imagine if you would have held one more day and got stopped out instead. let it go...Looking back is easy.

 

[Jdesey]

Imagine if you would have held one more day and got stopped out instead. let it go...

Good damm point.

 

[Handle123]

Being 100% to accomplishing Trading Plan rules means more to me than profits. Deep down knowing if I stick to Trading Plan, will have profitable year. Learning acceptance is very tough.

 

[unconventional wisdom]

you'll never go broke taking a profit.

 

[SunTrader]

you'll never go broke taking a profit.

Whoever first said that clearly wasn't thinking logically.

And that is conventional, but certainly not wisdom.

 

[unconventional wisdom]

Whoever first said that clearly wasn't thinking logically.

And that is conventional, but certainly not wisdom.

to troll that comment says a lot.

 

[deaddog]

you'll never go broke taking a profit.

As long as you don't take big losses.

 

[unconventional wisdom]

As long as you don't take big losses.

as soon as you need big multi-bagger wins to offset big losses... well ... i just don't care anymore

 

[MacBookProHo]

I just pulled an awesome 90% profit on calls for visa and only held for two days

Everyone can do that, more or less.
The....trick....is being able to do that, more or less, consistently, on average.

Every f'n trader mentions the relatively rare win. Big deal.
Show me a trader....who can do that same accomplishment feat....day in, day out....trade, after trade,

If a trader truly knows what they are doing...they can generate millions per year in the market. For everyone else....they are just merely hoping and praying and gambling....finishing the year at break-even, at best, if not at a loss.