Half way through life and not close to being consistent
- Thread starter gamblingman
- Start date
I will pray for you.
Is she hot?
My post was referring to an earlier post regarding my ongoing efforts to bring the market down for gamblingman. Who cares if she is hot, she gets half.
Do you know ANY successful traders? If not, don't you think there's a reason why that is?
Gamblingmanâ¦...The line of least resistance is to just follow the trend. I too hope to become a profitable trader. I have adopted strict risk controls and try to limit my trades to 2% of my account. In addition, I try to trade only with the trend. Last year,
I lost $246 and this year am down $434. One important thing I realized is that I
should be pyramiding my position when the trend is strong and my trades working.
Had I done that, I would have been in the black easily. My win rate is only 30% but,
I try to keep losses small in the other 70% of the time I lose monies on my trade.
One other thing, are you not trading too much? Did you say 2000 trades? I traded
only 75 times last year. With pyramiding, around 170 trades in one year. Of course,
my holding period on my trades is 2-3 months. Good luck to you and everyone else
on your trading.
I lost $246 and this year am down $434. One important thing I realized is that I
should be pyramiding my position when the trend is strong and my trades working.
Had I done that, I would have been in the black easily. My win rate is only 30% but,
I try to keep losses small in the other 70% of the time I lose monies on my trade.
One other thing, are you not trading too much? Did you say 2000 trades? I traded
only 75 times last year. With pyramiding, around 170 trades in one year. Of course,
my holding period on my trades is 2-3 months. Good luck to you and everyone else
on your trading.
It is a crazy run. We all have to admit that.
It's very simple, bulls make money, bears and hogs get slaughtered.
It's very simple, bulls make money, bears and hogs get slaughtered.
