Did you actually think that through much before hitting post reply?But Casino's rigged the game against the players to have higher odds of winning though. So are you saying we should hire professional lobbyists to lobby the various government agencies to pass rules and laws that will give us retail traders a higher chance of winning?
Risking more than 1%...
- Thread starter nwoptions
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Did you?
I don't do thinking for someone else. Maybe, next time, you can find someone where you live.
Good but do you do thinking for yourself? Think HARD before you answer. I know you are not used to it but please try.
Risking more than 1% at the beginning of the journey is not practical. It’s better to start low to figure out the amount of risk that is acceptable and then move ahead.
Traders need to be sure of how they wish to enter the market and how much risk they wish to accept. Risking more than 1% in the beginning can be too much. So, take enough time and then expand.
Don't know if it was in "Market Wizards" or "Unknown Market Wizards": There was a trader interviewed who was trading in George Soros' fund. George said to him, if he is really sure about a trade, he should "crank it up"...
I know, this might be no trading advice but investment advice. Maybe he wasn't using leverage at all. But it illustrates that the 1%-rule is not valid in every scenario.
%%But Casino's rigged the game against the players to have higher odds of winning though. So are you saying we should hire professional lobbyists to lobby the various government agencies to pass rules and laws that will give us retail traders a higher chance of winning?
Good question.
MOST likely no\ since many gov agencies now promote lotto. Dave ramsey is right '' a lotto is stupid tax on people that cant do math.''
A friend of mine told me, i was working @ his place,'' HURRAY up i want to go to the casino''
LOL i said ,as i frowned, ever wonder why the casinos are honest enough to ad\ it as ''entertainment?? LOL''
I asked a metals dealer as he paid me some cash this year; that's better than the lottery isnt it" " Yes that's right he said''
IBD stock system risks 7-8% max, but that's a 555 page plus system.
One of Lewis B, 10 commandments of trading= 3 losses in a row, take a break.
Some one with a low hit rate could ignore that maybe.