The Million $$$ Quest...
- Thread starter Ripley
- Start date
Day 27
Patience is a VIRTUE...
# of Disasters: 0
I have to be profitable on each and every single trade, and build my day up... one trade at a time. Get out of a trade when it isn't working for you. Just get out, with a small loss and move on...
Opening mintues are so erratic that I need to be very careful when taking a trade. I need to use limit orders effectively.
It is OK to not get filled on some trades. And I serioulsy need to comprehend that it is OK to not take trades, and not have trades on at all times. Waiting for the right entry is crucial.
Patience is a VIRTUE...
# of Disasters: 0
I have to be profitable on each and every single trade, and build my day up... one trade at a time. Get out of a trade when it isn't working for you. Just get out, with a small loss and move on...
Opening mintues are so erratic that I need to be very careful when taking a trade. I need to use limit orders effectively.
It is OK to not get filled on some trades. And I serioulsy need to comprehend that it is OK to not take trades, and not have trades on at all times. Waiting for the right entry is crucial.
Not that I am even close to being one of the best traders but I have to disagree with your statement. For me, my best net day this year is $2450 and worst day is -$400. I've had 13 down days this year and am up 112K net so money can be made each and every day. I agree that certain days are much better than others but there is always lots to be made every day, its a matter of finding whats moving and playing it well.
Day 28
Another Day...
# of Disasters: 5
Holding onto a huge losing loss is deadly, and thats what I did. The missed opportunities are just way too much to waste away. When it is time to get out of a trade, you just got to get out and go away. Do not try to cling onto a trade too long. You know right off the bat if the trade is going to work out or not, thus get out if the trade isn't there. Get out and move on....move on.. when the trade just isn't there. Don't let points tick away against you..absorb losses and stay on the attack.
Never cling to a trade too long, and never put yourself in a situation where you have to hope, and pray etc for it to go yourway. Get out and go the OTHER WAY.
Another Day...
# of Disasters: 5
Holding onto a huge losing loss is deadly, and thats what I did. The missed opportunities are just way too much to waste away. When it is time to get out of a trade, you just got to get out and go away. Do not try to cling onto a trade too long. You know right off the bat if the trade is going to work out or not, thus get out if the trade isn't there. Get out and move on....move on.. when the trade just isn't there. Don't let points tick away against you..absorb losses and stay on the attack.
Never cling to a trade too long, and never put yourself in a situation where you have to hope, and pray etc for it to go yourway. Get out and go the OTHER WAY.
Ripley what did u trade today?
Ripley......... i'll give you one thing, you've got balls.
I hope in 2 months you still have your balls attached.
Then I can share my full-time trading quest as well.
But seriously.... I must insist that you switch to paper-trading. Your ability to make mistakes, and not listen to yourself, is absolutely mind-blowing.
But what do I know, maybe you do have money to burn.
I hope in 2 months you still have your balls attached.
Then I can share my full-time trading quest as well.
But seriously.... I must insist that you switch to paper-trading. Your ability to make mistakes, and not listen to yourself, is absolutely mind-blowing.
But what do I know, maybe you do have money to burn.