Some trading words of wisdom

Anglo_pride · Aug 28, 2023

At least for me, when I make a very profitable day trade thats based on strategy and not a “
Blind trade” with my fingers crossed, i walk away for the day. Most times when a good trade is made and you dont walk away, you end up giving some back. Why give it back? Some days will give small opportunities so take a small scrap but dont look for more than that. Hey, thats called ring generalship.
Oh , someone will ask - “ define profitable trade”.. well, thats relative.

SunTrader · Aug 28, 2023

"Wisdom" is following one's own rules and path. Not someone else's.

Redneck · Aug 28, 2023

Anglo_pride said:
At least for me, when I make a very profitable day trade thats based on strategy and not a “
Blind trade” with my fingers crossed, i walk away for the day. Most times when a good trade is made and you dont walk away, you end up giving some back. Why give it back? Some days will give small opportunities so take a small scrap but dont look for more than that. Hey, thats called ring generalship.
Oh , someone will ask - “ define profitable trade”.. well, thats relative.

Always manage one's self -in all aspects of life

RN

schizo · Aug 28, 2023

Anglo_pride said:
At least for me, when I make a very profitable day trade thats based on strategy and not a “
Blind trade” with my fingers crossed, i walk away for the day. Most times when a good trade is made and you dont walk away, you end up giving some back. Why give it back? Some days will give small opportunities so take a small scrap but dont look for more than that. Hey, thats called ring generalship.
Oh , someone will ask - “ define profitable trade”.. well, thats relative.

“Amateurs practice until they get it right; professionals practice until they can’t get it wrong.” — Unknown

On that note, amateurs like to judge their success by their winning trades (eg. how much they've made), whereas the pros judge their success by how they managed their losing trades.

vanzandt · Aug 29, 2023

Redneck said:
Always manage one's self -in all aspects of life

RN

Every time I see your avatar, I always hearken back to a previously lost, but recently found.... picture of my dear Muttley.

It's not Halloween.... but for the record.... the Blue Moon shines brightly this time tomorrow night. :sneaky:

Redneck · Aug 29, 2023

vanzandt said:
Every time I see your avatar, I always hearken back to a previously lost, but recently found.... picture of my dear Muttley.

View attachment 322037

It's not Halloween.... but for the record.... the Blue Moon shines brightly this time tomorrow night.

RN

Traderwithnoname · Aug 29, 2023

You are gonna lose money, accept it.

SimpleMeLike · Aug 29, 2023

Anglo_pride said:
At least for me, when I make a very profitable day trade thats based on strategy and not a “
Blind trade” with my fingers crossed, i walk away for the day. Most times when a good trade is made and you dont walk away, you end up giving some back. Why give it back? Some days will give small opportunities so take a small scrap but dont look for more than that. Hey, thats called ring generalship.
Oh , someone will ask - “ define profitable trade”.. well, thats relative.

Good Morning Anglo_pride,

Make money year to year for the next X to XX years.

That is the only trading advice I need