haha...just hit the unsubscribe link
I`m a supa-pupa trader
- Thread starter TheMagican
- Start date
haha...just hit the unsubscribe link
Your problem is you NEED to structure a method around having some kind of stop. Forget everything else we've discussed, you may be long the markets and a nuke goes off somewhere (something unpredictable and very market moving). You must ALWAYS have a stop; if mental then you must mkt out of the trade once that threshold is reached. There is no way a 90% accurate trader should be losing money.
I somewhat agree.But do ou think it`s that easy,huh?It`s the hardest thing to do in trading.You never really know where the stops are,especially when trading the size.How do i know where the stop,when the position may be two tick up- three ticks down-four ticks up-ten ticks down,before it picks up?You know?I don`t.
Take into accound another thing,like the opportunities are very rare.There is a very small window to get in and out.I don`t see the befit to be a scratch trader by jumping in and out like a monkey.I didn`t manage get out in time(as per my hypothetical example),and then the trade went grossly against me.So if my average hit is about $2,5K per trade,i`m at a BE at best for the 4 days.The loss,sometimes, can be far greater,though.
How do you decide it?Would be interesting to hear.
You seem to be unwilling to go back and completely re-work your method. You are lazy and that will kill you. I started building my system knowing that I didn't want unlimited exposure if a trade didn't work out. Then, I used MTF analysis to pinpoint what triggered my entries and then realized the correlation between that and the exits and stops based on the time frames I have in play.
I'm not a scratch trader, not even close! But I know it's easier to believe that so you can discount what I am saying and continue trading like a maniac. You can do whatever the hell you want but stop deluding yourself. You have a shitload of work to do, question is are you man enough to make the necessary changes or will you continue down this unsustainable path? Choice is yours, don't be late...
I'm not a scratch trader, not even close! But I know it's easier to believe that so you can discount what I am saying and continue trading like a maniac. You can do whatever the hell you want but stop deluding yourself. You have a shitload of work to do, question is are you man enough to make the necessary changes or will you continue down this unsustainable path? Choice is yours, don't be late...
I don`t have enough information to re-work anything.I just can`t guessing and make thing up out of nothing.Neither do you,i guess,as you reply was still vague.Unlimited exposure if the trade didn`t work out doesn`t fly either.Price cand drop against you within a couple of seconds.MTF still don`t give a clue about stops,i mean proper stops,not random stops.
Shitload of work,man enough...c`mon man,are you for real?
Bring it on,if your so high and mighty!
Let me ask you a question.How often a trade goes in you favor after being stopped?
You have a serious attitude bro. How can you not have enough information to re-work your method? I don't understand, you can't analyze ALL of your past trades and figure anything out? Seriously, this is a bullshit response by you.
Honestly, I don't believe your 90% figure either. I think you are just using subjective memory. You probably lose a lot more than you can recall but you "feel" that you are really really good.
Wake up, you are NOT good right now. You have no ability to manage risk. Even IF the 90% figure is accurate, you have NO EXCUSE as to why you can't make adjustments and no excuse why you aren't making money. Each trade provides you with feedback. Stop being lazy and arrogant! You do not have all the answers, despite what you think.
I spent 2 years of my life doing nothing but creating my method. I shit you not, I probably saw two of my friends over those two year and that was it. I was at my computer crunching data and analyzing MTF's. It was a sacrifice but it paid off, fortunately.
I'm done talking with you, this is getting nowhere. You need to do your own research, go over your own trades and find some correlations. I'm not going to hold your hand nor will anyone else. Maybe, if you were a little less of an a-hole but you are so I have no sympathy.
Honestly, I don't believe your 90% figure either. I think you are just using subjective memory. You probably lose a lot more than you can recall but you "feel" that you are really really good.
Wake up, you are NOT good right now. You have no ability to manage risk. Even IF the 90% figure is accurate, you have NO EXCUSE as to why you can't make adjustments and no excuse why you aren't making money. Each trade provides you with feedback. Stop being lazy and arrogant! You do not have all the answers, despite what you think.
I spent 2 years of my life doing nothing but creating my method. I shit you not, I probably saw two of my friends over those two year and that was it. I was at my computer crunching data and analyzing MTF's. It was a sacrifice but it paid off, fortunately.
I'm done talking with you, this is getting nowhere. You need to do your own research, go over your own trades and find some correlations. I'm not going to hold your hand nor will anyone else. Maybe, if you were a little less of an a-hole but you are so I have no sympathy.
