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Trying to let winners run for 4 YEARS, so depressed
- Thread starter apak
- Start date
your entry price should have no bearing on your actions imo
As long as the trend hasnt changed, just be patient and let the pendulum swing your way.....it will if the trend hasnt changed.
As long as the trend hasnt changed, just be patient and let the pendulum swing your way.....it will if the trend hasnt changed.
Quote from NTB:
This is the best advice you will receive:
Money Management is not an 'edge'. You have no edge. You will lose unless you find an edge. Your money management will help you lose at a slower rate. Find an edge or change businesses....end of story. Don't question, I am right.
there is no such thing as "an edge" (at least at retail level). you are referring to something called <b>luck</b>.
instead of wasting time trying to find something that doesnt exist, build a trading strategy around something immutable and consistent over the course of centuries, such as the index positive drift.
Quote from asap:
there is no such thing as "an edge" (at least at retail level). you are referring to something called <b>luck</b>.
instead of wasting time trying to find something that doesnt exist, build a trading strategy around something immutable and consistent over the course of centuries, such as the index positive drift.
index positive drift is certainly an edge... long term.
over the short term, human behavior is predictable.... it's not totally random, so there IS an edge to be found.
Quote from apak:
I am sorry to sound so negative in my post but I do know to cut losers quickly, I do know to stay within current volatility and adjust as well as position size, I do know that I am supposed to let winners run.
I can't grasp it, my best strategy breaks even. I know I am close but losing energy, I am still relatively young but I am close to losing my mind.
I'm assuming your worst strategy loses lots of money? Just do the opposite of that. Seriously learning what trades fail and why is important too. I think you need a fresh set of eyes.... take an extended break. Some of my best trading ideas have come during periods where I haven't been trading. I think your obsessed enough it will come to you but you need to have more patience. Good Luck.
thank you all for your posts
it is sad to see some of you old timers Fooled By Randomness
There is NO edge that can be used on retail level. don't make a fool of yourself by thinking that candlestick hammer is an edge, or something like that. Key is money management. I can tell I have lot of company of failed traders who have been also trying for years.
The Fact that NiHaBashi is saying "when did I say use complicated setups"
This tells you everything
What the trading masters don't want to slip out is that trading is simple, getting to that simplicity is not.
it is sad to see some of you old timers Fooled By Randomness
There is NO edge that can be used on retail level. don't make a fool of yourself by thinking that candlestick hammer is an edge, or something like that. Key is money management. I can tell I have lot of company of failed traders who have been also trying for years.
The Fact that NiHaBashi is saying "when did I say use complicated setups"
This tells you everything
What the trading masters don't want to slip out is that trading is simple, getting to that simplicity is not.