Risk management techniques

[ironchef]

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....

You must be a professional trading OPM?

As a retail trading my own money, he described exactly how I felt with a losing hand that went terribly wrong. It felt like you were a deer in a headlight, you froze. It has nothing to do with understanding your model, it is psychology.

 

[RantaMin]

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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.....................................

Why do you prefer printed charts?

 

[RantaMin]

Alright, let's talk forex in plain talk. It can make money, but no fast success, okay? Success means knowing markets, playing safe with risks, and having a plan. Quick riches? Nope, it's a steady struggle. Stick around, keep learning, and be wise with risks.

Exactly, if you want to lose your money quickly, it's better to go to a casino or play poker with friends.

 

[murray t turtle]

Why do you prefer printed charts?

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More accurate + can correct an error+ make max notes on them;
+ requires no computer to read them. even if a computer was used to print them

 

[RantaMin]

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More accurate + can correct an error+ make max notes on them;
+ requires no computer to read them. even if a computer was used to print them

Absolutely, and in an emergency, they're not just informative but also... surprisingly multipurpose. Let's just say, they're the only notes that can also help out in a 'roll'!))

 

[murray t turtle]

Absolutely, and in an emergency, they're not just informative but also... surprisingly multipurpose. Let's just say, they're the only notes that can also help out in a 'roll'!))

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Absolutely; good rant.
And for some that are visual+ likes printed charts, also fun + multi purpose.
I never bought into the trading book theory, trading or investing had to be boring

 

[Lee-me]

Keeping realistic expectations from my positions.

 

[murray t turtle]

Keeping realistic expectations from my positions.

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THAT;
but also use a ''super trend ''indicator..................................................................
Super trends do much better that good trends/usually LOL

 

[ironchef]

Hello everyone!

I'd be more than happy to know what are your risk management techniques and strategies?

IMHO, you asked the wrong question.

Everyone knows what their risk management techniques and strategies should be.

What separate the winners from the losers is winners adhere to them whereas losers don't.

It is counter intuitive, you will win after you learn & practice how to take losses.

 

[RantaMin]

IMHO, you asked the wrong question.

Everyone knows what their risk management techniques and strategies should be.

What separate the winners from the losers is winners adhere to them whereas losers don't.

It is counter intuitive, you will win after you learn & practice how to take losses.