I would agree that preservation of capital is very important, in fact its always been my primary goal. I know that if I go broke, I aint coming back. But, you need to trade to win, or not trade at all. Too many people worry about the loss of every penny and they end up never making any gains because of it.
Keeping the Money you Have, Not Losing it.
- Thread starter Bullz n Bearz
- Start date
I would agree that preservation of capital is very important, in fact its always been my primary goal. I know that if I go broke, I aint coming back. But, you need to trade to win, or not trade at all. Too many people worry about the loss of every penny and they end up never making any gains because of it.
well you have several options:
1) Quit trading, get all your money in cash, and stack it under your mattress or get a safe and put it in there.
2) Put all in FDIC insured account (including CD)
3) Find some fixed income fund or Cap Pres fund.
Trading ain't for you if you can't afford to loose. This is all about risk and rewards, if you want $10 reward, you must be willing to loose $10.
SIMPLE!!!
1) Quit trading, get all your money in cash, and stack it under your mattress or get a safe and put it in there.
2) Put all in FDIC insured account (including CD)
3) Find some fixed income fund or Cap Pres fund.
Trading ain't for you if you can't afford to loose. This is all about risk and rewards, if you want $10 reward, you must be willing to loose $10.
SIMPLE!!!
vectors101
Guest
like any business, if you aren't making any money why are you wasting your time..either change your business plan (trading plan) or quit.
most are on borrowed money. so what is their to keep.
not all traders trade the same.
most are on borrowed money. so what is their to keep.
not all traders trade the same.
Quote from Bullz n Bearz:
Alright buddy, you know, don't try to pull me into to this little negative energy bubble you have going on in your head because all I did was clarify a question you had.
I'm really getting tired of the abuse on this forum by people like you saying "dont trade bnb dont trade" and I'm going to have to do something that you're probably not going to like, but it's for my own well being. You're not helping by making comments like that you know? I really believe you don't know of any good advice to say so that's the best you have, but I dont even call that advice, it's more adbuse.
Guys, this thread is again trying to be attacked by BNB Bashers. Whoever starts bashing me again is getting complained on.
If you have 2500 in your account you should be very careful with your trade and not lose a lot of that money, if you do, you can eventually say goodbye to that 2500. This is just my help being offered and once again its rejected by little "know it alls".
PS: Damn , there are a lot of yahoos on this board. Thankfully I'm a conservative with strong upbringings.
You are a moron. Stop trading.
As simplistic as it sounds, the secret to trading is not taking big losses. I used to instruct financial seminars and I always told everyone to not be so concerned about achieving x amount of profits on each trade, but rather, ask yourself, "how much can I lose on this trade." The making money part will take care of itself (if you're reading your charts correctly, etc...) as long as you pre-define the maximum amount you will lose on every trade. For me, that's what caused me to be more consistently profitable. I went from obsessing to making x per trade, to focusing on how much could I lose on the trade. If you consider that, you will also take fewer, more suspect trades.
"and I'm going to have to do something that you're probably not going to like, but it's for my own well being....Guys, this thread is again trying to be attacked by BNB Bashers. Whoever starts bashing me again is getting complained on."
BnB
If you stop making yourself into a target, those big bullies might not pick on you as much.
BnB
If you stop making yourself into a target, those big bullies might not pick on you as much.
If i remember your previous posts, you said you traded something like 3 e mini lots on a 1500$ account... That's not a way to keep money.
What you have to do with such a little account is to papertrade 'til you have a real rewarding method, and then trade mini 1$ forex lot... Seriously you can't trade regular lots with that.
What you have to do with such a little account is to papertrade 'til you have a real rewarding method, and then trade mini 1$ forex lot... Seriously you can't trade regular lots with that.
#2 and 3 are the same pretty much