I told you guys...closing positions for a loss is for fools.

Let me check his blocking abilities.

@Quanto, how much of a wanker do you have to be for people to realize and link three accounts that you've opened.

Specially when we use totally random nicknames.
 
Darc said:
I'm never closing another Position again. That should ensure I never have a Loss, right?
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correct.
As long as you don't close your position,
you are not suffering any loss;
you are suffering from virtual / pseudo / imaginative / artificial loss only.


But sooner or later, the broker will close your position because you
don't have enough margin.
Then you will experience the actual / painful / real loss.
 
maxinger said:
correct.
As long as you don't close your position,
you are not suffering any loss;
you are suffering from virtual / pseudo / imaginative / artificial loss only.


But sooner or later, the broker will close your position because you
don't have enough margin.
Then you will experience the actual / painful / real loss.
More...

You guys have such a retail mentality...definitely should not be a member of a forum for Elite traders. I have found nothing Elite about this place...sure some options knowledge but not traders. :)

You don't sell your house just because the market tanks, why would you sell your stock? When price drops at the store people line up for bargains, but price plummets on a stock and people are panic selling. You guys are the definition of retail traders lol.

Look at my CLSK fiasco...I am already at break even at $17.25 when I got assigned at 23.50 lol. I have continued to collect premium on it for weeks. I mean I could have been doubling down or even tripling down too and I would already be up! Never take a loss...I allow a max risk and for all I care it could go bk. No fear.

Oh look...surprise surprise it hit my target today...I didn't even realize. Don't you guys ever get tired of being wrong?

I posted this chart last week.

upload_2024-4-22_19-39-27.png


upload_2024-4-22_19-42-53.png


https://community.swingcharts.com/t/clsk/28/2?u=jeditrader
 
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wxytrader said:
You guys have such a retail mentality...definitely should not be a member of a forum for Elite traders. I have found nothing Elite about this place...sure some options knowledge but not traders. :)

You don't sell your house just because the market tanks, why would you sell your stock? When price drops at the store people line up for bargains, but price plummets on a stock and people are panic selling. You guys are the definition of retail traders lol.

Look at my CLSK fiasco...I am already at break even at $17.25 when I got assigned at 23.50 lol. I have continued to collect premium on it for weeks. I mean I could have been doubling down or even tripling down too and I would already be up! Never take a loss...I allow a max risk and for all I care it could go bk. No fear.

Oh look...surprise surprise it hit my target today...I didn't even realize. Don't you guys ever get tired of being wrong?

I posted this chart last week.

View attachment 338791

https://community.swingcharts.com/t/clsk/28/2?u=jeditrader
More...


Always do your own analysis.
Don't listen to others.

Don't try to bulldoze your way through.
Don't try to brainwash or influence people.


And do what you like regardless of whether it is right or wrong
as long as it doesn't hurt others.

So if closing a position for a loss is for the fools,
then simply don't close it!!!
 
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Maybe a few caveats to this @Quanto

If trading the ES or Indexes etc, not closing a losing Position at certain points in the longer term Trend might work, certainly not at ATHs though.

But imagine not closing a losing position on Stocks, or Cryptos that go to zero at times. Madness.
 
Darc said:
Maybe a few caveats to this @Quanto

If trading the ES or Indexes etc, not closing a losing Position at certain points in the longer term Trend might work, certainly not at ATHs though.

But imagine not closing a losing position on Stocks, or Cryptos that go to zero at times. Madness.
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Qaunto?

Why would you ever sell an index for a loss? It still works if you buy at all time highs, especially if you are averaging down...not the most cost effective but still works.

Crypto, yeah if you're trading meme coins...any of the established ones why wouldn't you buy every dip?
 
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What you're basically advocating is Dollar Cost Averaging. Better to buy the Dip, rather than Dollar Cost Average, for people like us who have or should have an understanding of Trading.

Its the time factor, or the Opportunity Cost of holding on all the way down. How long are you going to wait to get back to Breakeven, when you couldve cut your Losses, then bought the Dip and be back in the Green a lot sooner.

But Stocks and Crypto etc, not closing a losing Position seems like Russian Roulette.
 
Buying and holding an index is fine you just have to hope you're not part of the small percentage of people who are FORCED to liquidate their holdings at the very bottom of a bear market due to a personal emergency in their life. Maybe a health emergency or maybe they lost their job and months have gone by with no luck finding a new one. Or maybe they reached a mandatory retirement age and their company forced them to retire. That probably happened to a few folks in late 2008/early 2009.
 
tomkat22 said:
Buying and holding an index is fine you just have to hope you're not part of the small percentage of people who are FORCED to liquidate their holdings at the very bottom of a bear market due to a personal emergency in their life. Maybe a health emergency or maybe they lost their job and months have gone by with no luck finding a new one. Or maybe they reached a mandatory retirement age and their company forced them to retire. That probably happened to a few folks in late 2008/early 2009.
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Hold on for a possible 50%+ drop and wait another 5 years to approach Breakeven???

Everyone on this Forum should have the sense to get out before a Correction or Crash, then buy the Dip afterwards.

Not cutting Losses at All Time Highs or in an aging Primary Trend is too risky.
 
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