stop or go on

so you took 10 to 37 dollars, and want advice on whether or not to cash out ?

and then before anyone could answer you then took 37 to 42 dollars?





cash out and go buy a nice steak
 
Quote from hollander:

In the past I have lost a huge sum by trading in everything. I did a lot of small transactions per day. Mostly I earned a 1.000 per day trading, but ........ Somethimes I had a bad position and I extended that position, and extended again. At the end I get wiped out because of the margin and made a great loss. So my fault was that my positions were to big to hold on.

Then I stopped for quite a period.

For some reasons I started op beginning april this year with 10.000.
Nowadays I extend my position when I am in a winning position, and place a stoploss at breakeven.
Winning is quite boring, according to the stress of getting wiped out when you are losing.

I appears that this is a better strategy, because at the end of the month my capital is increased to 37.000.

Now I am thinking is this only beginners luck?
Take my profit and stop?
More...
. No it's not beginners luck. From the sound of it you're on an excellent path. You can destroy it though, be aware of that. Compounding is an excellent way to riches. Keep your discipline and maintain your edge and you'll be in good shape
 
Quote from hollander:

In the past I have lost a huge sum by trading in everything. I did a lot of small transactions per day. Mostly I earned a 1.000 per day trading, but ........ Somethimes I had a bad position and I extended that position, and extended again. At the end I get wiped out because of the margin and made a great loss. So my fault was that my positions were to big to hold on.

Then I stopped for quite a period.

For some reasons I started op beginning april this year with 10.000.
Nowadays I extend my position when I am in a winning position, and place a stoploss at breakeven.
Winning is quite boring, according to the stress of getting wiped out when you are losing.

I appears that this is a better strategy, because at the end of the month my capital is increased to 37.000.

Now I am thinking is this only beginners luck?
Take my profit and stop?
More...

You can ONLY consistently make money with long term trading and only in certain YEARS. i.e. buying during recessions.

You were suckered into daytrading.

Daytrading is only recommended by greedy brokers so you generate boatloads of commissions.
There has never EVER been a documented case of a profitable daytrader.

Keep your hard earned money and stop listening to liar brokers (and their shills).
 
Quote from crgarcia:

You can ONLY consistently make money with long term trading and only in certain YEARS. i.e. buying during recessions.

You were suckered into daytrading.

Daytrading is only recommended by greedy brokers so you generate boatloads of commissions.
There has never EVER been a documented case of a profitable daytrader.

Keep your hard earned money and stop listening to liar brokers (and their shills).
More...

PPPPFFFFFFHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Quote from TheMan:

so you took 10 to 37 dollars, and want advice on whether or not to cash out ?

and then before anyone could answer you then took 37 to 42 dollars?

cash out and go buy a nice steak
More...


42.000 in many European countries =42,000 (42K)
 
Quote from crgarcia:

You can ONLY consistently make money with long term trading and only in certain YEARS. i.e. buying during recessions.

You were suckered into daytrading.

Daytrading is only recommended by greedy brokers so you generate boatloads of commissions.
There has never EVER been a documented case of a profitable daytrader.

Keep your hard earned money and stop listening to liar brokers (and their shills).
More...

I have been there!
in the past I have paid at a certain moment $150,000 commission in a quarter of a year.

But you can't trade without a broker!
Nowaday's I do my trades with CFD. The problem there is that you have a large spread.
 
Quote from hollander:

But you can't trade without a broker!
More...

You don't have to trade.
In fact you shouldn't trade, unless you want to lose money.
You should invest.
 
Quote from crgarcia:

You don't have to trade.
In fact you shouldn't trade, unless you want to lose money.
You should invest.
More...

My account has yet increased to €80,000.


A while ago I had to make a decision:

Trading and making money is boring

Gamble and losing money is excitement

In the past my goal was obviously exitement, now I have choosed for the boring game and so I have to make money:)
 
You must log in or register to reply here.
Back
Top