NoFrills Trading 2006
- Thread starter 4XIS4U
- Start date
skepticaltrader
Guest
Quote from 4XIS4U:
This is an Excel spreadsheet that I use to calculate risk based on stop placement and also target.
It has also a Stop Loss Risk sheet adjusted to my maximum trading risk.
Hi 4XIS4U,
Would you be willing to share your spreadsheet? It seems to be password protected. If not, I understand.
Thanks
Quote from mksummny:
man with this much time invested in thinking about the whole thing, you should be a millionaire by the end of the year. and to think I wake up every morning and wing it, you make me look silly....................
I'm hoping this whole planning will lead me to consistency and better discipline. I came to the conclusion that I've spent way too much time on sharpening my setups, exits and all and none of it works without money management IMHO.
Good luck to you.
well why i never went through any of this hardcore planning that you got going on i managed to pull millions out of the market. My hope is that you can replicate some of what i have done. I like to see any trader make consistent money day in and day out, so my hats off to you to start out this way............................
My X position is progressing well ... what to do ?
Few things can happen here:
1) Go up until hits the first resistance
2) Consolidate a little and then continue until it hits the first major resistance (last pivot high)
3) Consolidate and break down through support....
Looking at the weekly chart, I decided to leave it open... stop at break even.
today
Few things can happen here:
1) Go up until hits the first resistance
2) Consolidate a little and then continue until it hits the first major resistance (last pivot high)
3) Consolidate and break down through support....
Looking at the weekly chart, I decided to leave it open... stop at break even.
today
Quote from 4XIS4U:
2005/12/22
Long [X] 200 shares @ $46.23 stop loss @ $ 44 total risk $450
* Refer to chart for comments
daily view
weekly view
