OP is a Trading Deity / God.
I told you guys...closing positions for a loss is for fools.
- Thread starter wxytrader
- Start date
OP is a Trading Deity / God.
Op is the worst of all worlds..
He's clearly a long term investor, who averages in when wrong.Nothing wrong with that,assuming proper money management is applied..
Where he fails miserably aside from his P and L is he is clueless about trading and unwilling to listen and learn..
He's basically Buffet with a sub 90 trading IQ ,unable to spell DCF,and a net Liq tied up in some 2008 Lambo
He's clearly a long term investor, who averages in when wrong.Nothing wrong with that,assuming proper money management is applied..
Where he fails miserably aside from his P and L is he is clueless about trading and unwilling to listen and learn..
He's basically Buffet with a sub 90 trading IQ ,unable to spell DCF,and a net Liq tied up in some 2008 Lambo
It will take a few decades for him to change
closing positions for a loss is for fools
----->
closing positions for a loss is for successful traders.
I don't know about that, but I do know that this board is a wasteland of traders who could not make TA work for them, so have turned to options IV, and algo/quant trading instead.
Well the difference is you have a Lambo for your avatar, and I am looking at my (2008) Lambo out my window.
Right but you probably have a portfolio with a bunch of positions underwater that are tieing up your capital and preventing you from taking advantage of other opportunities.
It's a great feeling to get up in the morning and see that the market is up 1% and you portfolio is down but you haven't had any losses.
