If you use stop losses then you are essentially gambling

[wxytrader]

Not only is 99 percent of what he spews nonsense,the other 1 percent is gibberish.

Trading with stops is gambling,but trading without them and doubling down is not gambling?

The guy knows zero,goober,nada about trading..

He knows it,and sells a 1 lot garbage put at the completion of his imaginary ABC correction.Id he's dead right,he make 10 cents

Newb meets piker 101

Well it could be a wxy correction too ..depends on the wave count. Anyway I'm quite happy to dumb myself down for you guys and just post C&H's

Hey anybody chart a Gartley cypher yet? I saw a book on Amazon about gartleys for like $1200

 

[SunTrader]

Go find the photo I posted and then tin eye it or whatever Google photo search it and you'll see that's the original.

"....... real or imagined"

And there you go again.

 

[ironchef]

But I would NEVER advise doing that with an individual stock/company. That's just asking for disaster.

Why? You would have done very well with the magnificent 7, and lot's of others, NVO, LLY.....

 

[wxytrader]

Why? You would have done very well with the magnificent 7, and lot's of others, NVO, LLY.....

I might dabble in single companies but would not go in heavy as that would be taking on risk. The goal to my trading is to take zero (long term) risk, and realize zero losses.

 

[taowave]

He said load up and buy the dip..He didn't mention praying

Why? You would have done very well with the magnificent 7, and lot's of others, NVO, LLY.....

 

[ironchef]

He said load up and buy the dip..He didn't mention praying

Praying won't hurt. I bought the dip on MSFT since 2000 and he was right. But I also bought the dip on other dotcom stocks.

 

[tomkat22]

Why? You would have done very well with the magnificent 7, and lot's of others, NVO, LLY.....

And for every 1 of those you mentioned I could probably name 100 that tanked hard and were never seen or heard from again. Hindsight and Cherry Picking is great aint it!

 

[taowave]

Good ol survivorship bias..A friend indeed

And for every 1 of those you mentioned I could probably name 100 that tanked hard and were never seen or heard from again. Hindsight and Cherry Picking is great aint it!

 

[ironchef]

I might dabble in single companies but would not go in heavy as that would be taking on risk. The goal to my trading is to take zero (long term) risk, and realize zero losses.

You could build your own mini-index with several stocks. As little as 10 will provide enough diversifications.

Zero loss, zero risk? Life itself is risky.

 

[ironchef]

And for every 1 of those you mentioned I could probably name 100 that tanked hard and were never seen or heard from again. Hindsight and Cherry Picking is great aint it!

True, you didn't read my response to @taowave.

But, as Munger said, in life you only need a few good ideas, one or two good stocks will more than make up for the 100. Key is you have to stay in the game for long term.