And paying attention to fundamentals is crucial, I think.
Risk management techniques
- Thread starter Lee-me
- Start date
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SURE is .
Seasons+ seasonals matter also............................................
Yeah, you're right mate. It's better to take all of this into consideration.
Well, yeah. That'll happen...
What do you mean by chart work?
Did you read the thread: Prudent Risk Management by @Buy1Sell2? It is worth your while to invest a little time reading the posts. It helped me a lot.
All that matters to me is not taking big losses. I get in a trade and if it I am not up rather quickly I just get out. I have absolute faith in my ability to execute at a good entry price though. Of course, you have to deal with the psychology of missing out and the psychology of a poor win rate. My "win rate" has literally no meaning to me. I couldn't tell you what it is but if I had to guess it would be around 30% from all my tiny losing trades. If I cared at all about my win rate it would almost ruin trading for me.
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Study charts a lot more [chart work]
I prefer printed charts , but computer candle screen charts could work if they are accurate.
Daily, weekly + such can give some hints.....................................
I think this could be a problem in that you don't know what it looks like in your winners vs your losers after you are already in a trade. The reason you wait is because the markets are chaotic and you feel uncertainty of being right or wrong. Probably combined with fear of getting out and having the the trade run with out you. Due to these, the brain can't decide what "the right" thing to do is and semi-accepts that the markets could turn at any instance. However, you just probably cripple any trading methods EV by taking large outsized losses regularly....
