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

So says the guy who doesn't have enough cash to trade on margin

Google "market maker"....





Quanto said:
Not worth to waste my time to explain it to you, buddy :)
I'll explain only if someone else too asks.
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I just love these noob posts. Obviously, they've never experienced a real bear market and think all losses will eventually recover. I've seen many traders blow up their accounts this way. What they've made in the bull market over many years gone in a matter of few months in the bear market. In any event, it's still bad practice to allow unmitigated losses. That will only reinforce bad habits.
 
schizo said:
I just love these noob posts. Obviously, they've never experienced a real bear market and think all losses will eventually recover. I've seen many traders blow up their accounts this way. What they've made in the bull market over many years gone in a matter of few months in the bear market. In any event, it's still bad practice to allow unmitigated losses. That will only reinforce bad habits.
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Sit down @schizo, you grasped nothing... :)
Read the diversification part again... Link in one of the prev postings...
Man, you, and some others here, seem to have no clue about these important facts about trading... :)
And you call yourself profi, elite?... Lol!
 
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schizo said:
I just love these noob posts. Obviously, they've never experienced a real bear market and think all losses will eventually recover. I've seen many traders blow up their accounts this way. What they've made in the bull market over many years gone in a matter of few months in the bear market. In any event, it's still bad practice to allow unmitigated losses. That will only reinforce bad habits.
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Consistency over a long period is the key.
And it's also the difficult part of trading.
 
If I am not mistaken,he trades 1 lots and is cash secured.
Its a hobby for him





schizo said:
I just love these noob posts. Obviously, they've never experienced a real bear market and think all losses will eventually recover. I've seen many traders blow up their accounts this way. What they've made in the bull market over many years gone in a matter of few months in the bear market. In any event, it's still bad practice to allow unmitigated losses. That will only reinforce bad habits.
More...
 
schizo said:
I just love these noob posts. Obviously, they've never experienced a real bear market and think all losses will eventually recover. I've seen many traders blow up their accounts this way. What they've made in the bull market over many years gone in a matter of few months in the bear market. In any event, it's still bad practice to allow unmitigated losses. That will only reinforce bad habits.
More...

It's not a bull market when you're selling options people. You can lose large over a week. But I've run the numbers against even a 1987 scenario... You have to take into account even in a catastrophic downfall. It will recover rather quickly and in a steady downtrend you recover on the way down. I've been trading Bitcoin buddy. You don't think I know what a bear market's like LOL. Actually, I prefer bear markets. Bull markets are for suckers.
 
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