This is a serious question. When you lose your temporary shit and have a much bigger then planned loss day, how are you going to share this with her?Wife's still on board. Ready to go. I'll only post the winners
Sim VS. Real Money trading
- Thread starter Jdesey
- Start date
tell her. she knows my plan, and my risk management, cash management. As long as I'm following through, we'll both be fine. We've set a maximum loss to stop trading, too.
If you do so you will alienate Gotcha from the get go. He is the inspector general around here on ET you know. He will appear when you least expect it and demand complete documentation of your procedures. One thing that he in particular cannot tolerate is NO LOSING trades. Neither does he permit the moving of stop losses. Be forewarned.Wife's still on board. Ready to go. I'll only post the winners
One minor correction. The moving stop loss thing that you elude to is a stop loss that @propwarrior said he moved AFTER it hit. He LATER said that the stop was moved only 6 minutes after entry, but without knowing this, his first mention of moving the stop loss happened a few minutes AFTER it hit. Any half minimally intelligent individual can see an issue with saying that my stop is at 2400, and price hits 2400, and then saying "actually, I moved it to 2390, so it didn't really hit yet".
You can pick me apart all you want, it doesn't bother me one bit. You do say intelligent things, but most of your posts are of the variety "here is what I would have done", followed by marking trades on a chart that didn't really happen, along with exits that are 1 tick from the highest or lowest point, and hence very much at the mercy of hindsight. I have no way to credit or discredit your trading since you're not actually showing any history of trades you take. All you share is ideas, which is fine, but everything I state is a fact based on what you say.
Furthermore, some of the ideas you share are dangerous for a beginner since the stops are very wide and targets very small, and you also allude to this fact. The way you also randomly decide to show your ideas by switching from wide stops to tight stops is also of a concern for someone attempting to learn something from you because most traders will say that using big stops is nothing but an account killer. Could an expert overcome this drawback, perhaps, but a 3 or 4 point stops is something most should do in order to reap 1 point profit. But once again, it doesn't bother me one bit because I get nothing from proving or disproving what you say.
I would say tread easily dougie boy the water is fine BUTin truth the sharks are always circling.
Thanks. I just really think that even though this is ET, where obviously anything and everything goes, its nice to be able to get a sense of what is real and what isn't, and this is getting very difficult to do lately. The game has changed, and so have the players. The signal to noise ratio now at ET is just too heavily on the noise side.
That is my problem right there. I can make profitable trades for days until I get married to a stupid loser and give everything back on 1 trade.
Take your loses while they are small as the bigger they get the harder it is to actually take them..... Which leads to disaster.
I wish you good luck Doug. Please keep posting and let us know how it goes.