How not to lose money

[SimpleMeLike]

here's a bad idea from me. $6.5 invested daily into total stock market index. eventually it reaches $1M. surely someone has done the math.

Good Morning Ironplates,

This is what I been doing the past 14 years of my life and it has worked out great.

Lol wish I has did the same in SOXL, but I damn sure starting this month.

As I have said many times, IMO, I trade ES futures to get rich QUICK. I'm not betting my life worth on day trading . Lol

I dca sp500 index to get rich slow.

 

[Ironplates]

To start with change the seach to the psychology of attaining financial gains.
Or the psychology of dealing with losses while attaining financial gains.
I would say that avoiding losses in almost impossible, you have to have a way to deal with them.
Your credibility as a coach is questionable when you look to avoid losses.

as a coach I'm not prescribing my outcomes. that's a consultant IMO. I'm a guide, not a hero.

I like to ask the client "quality questions".

i like to have the client discover their own meanings, labels, and references as well as their opinions, beliefs, and convictions.

along the way I look for limiting beliefs (potential distortions of reality)

I am only hoping to learn from this thread the various meanings, labels, references, opinions, beliefs, and convictions each of you use. To help me better understand this subject for both personal and professional reasons.

Mark Douglas and Napoleon Hill have written about this subject matter. I have been hard-pressed to find better thinkers on this subject.


There are no right answers, only the answers you provide.

 

[deaddog]

I like to ask the client "quality questions".

I wouldn't consider how not to lose money a quality question.

 

[Sprout]

as a coach I'm not prescribing my outcomes. that's a consultant IMO. I'm a guide, not a hero.

I like to ask the client "quality questions".

i like to have the client discover their own meanings, labels, and references as well as their opinions, beliefs, and convictions.

along the way I look for limiting beliefs (potential distortions of reality)

I am only hoping to learn from this thread the various meanings, labels, references, opinions, beliefs, and convictions each of you use. To help me better understand this subject for both personal and professional reasons.

Mark Douglas and Napoleon Hill have written about this subject matter. I have been hard-pressed to find better thinkers on this subject.


There are no right answers, only the answers you provide.

Do you have the unabridged copy of Napoleon Hill's TAGR? The main concept was edited out of the original 1st and subsequent printings.

 

[murray t turtle]

....... not a hero


There are no right answers, only the answers you provide.

%%
LOL;
sure [sarcasm]as if math does not have right wrong answers.
M Douglas in the same sentence as Naplean Hill; are you kidding ??
Post #50 of yours is good , not that 50 is a a magic number LOL

 

[Ironplates]

I wouldn't consider how not to lose money a quality question.

what could you consider to be a better-quality question?

 

[Ironplates]

Do you have the unabridged copy of Napoleon Hill's TAGR? The main concept was edited out of the original 1st and subsequent printings.

what main concept was cut out?

 

[Sprout]

what main concept was cut out?

I leave it to you to discover.. repost from a blog but the teachings of Abraham-Hicks is where I first learned of it.

 

[deaddog]

what could you consider to be a better-quality question?

How do you deal with losses?
Why do you consider how to avoid losses a quality question?
When you consider that the majority of traders will experience losses, having a coach ask how to avoid losses gives the impression that you should be able to avoid them. Not realistic!!

 

[Sprout]

what could you consider to be a better-quality question?

Statistically per strategy, what’s the max consecutive losses one must endure