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Let's Trade III, by Sicktrader
- Thread starter sicktraderII
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Quote from ivanbaj:
Why not? When you say X price at Y time. Does that mean you will only enter if the price is at X only at the exact Y time?
Can you explain why 1:43 was not a good time to go long at 991.75?
I need to see a new candle on my chart. If the new stick does not meet my target at the get go, then no play. If so, then I am in right away.
Quote from TraderZones:
because the reality is, almost everyone has a limited amount to trade - most home traders work and have debts, and usually only have $5-15K to fund a trading account. AND are probably alrady overdoing at that amount. Leveaged trading is supposed to be "money you can readily afford to lose." not "your life savings which you need to live on...
If you have $10,000 total, there is a helluva lot difference between using $700 for 1 contract, than using $7000 for 10 contracts. You go from controlling $50,000 to controllling $500,000. And using $700 to control 1 contract, or about 71-fold leverage factor, is already the province of fools. A leverage factor of 5-10 is a lot closer to sane. There is always the risk of an error, problem or major market disruption. It related to a statistic called "Risk of Ruin." There is a reason that 05% of newer traders lose thier money. This thread is going to help them achieve that much more quickly.
This thread is an exercise in "how not to trade" and "even though the wise and learned know that money management and leverage are the most critical, we throw all caution to the wind so you can go bankrupt faster."
"Only putting $700" into an account is already insane. That is why most brokers (especially the established rather than the reckless brokers) have a minimum acount size of $5000 or more
this isn't reality
Quote from tomdavis:
Blowisnky: You pathetic child. You'll say anything to get attention. I am not sicktrader. You go around making accusations without a shred of evidence. You're a bully and a liar.
We'll see. The point I've made is about leverage. There's nothing mean about saying someone's too overleveraged. I'm not the only trader that agrees. In this case he's talking 50:1. And your alias is extremely suspicious with such an unsubstanative thread started three times over now.
I doubt this will occur, but if at exactly 3:10 the price is equal to or greater than 992.75, I will be in long. Slow day trading, but it happens.
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