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when do you know your ready?
- Thread starter watchdaride
- Start date
Yeah, well I don't sit around worrying about "the one," especially when you trade like I do. Nothing "takes me out."Quote from resinate:
Come on... you must know it only takes one to take you out for good.
I'd love nothing better than to trade into a sudden 10 to 20 cent spike against me - it would be a blast! I'd come out on the other side twice as rich.
I typically traverse up to 100 to 500 point spikes against me successfully, but, to each his own.
Take care,
Gamal Ruach
no stops , heard that one before recently: "my system will always work, it will never stop". yeah right, the guy who said this recently lost two thirds of his account.
Suggest to have a stop , far enough from the market not to be hit frequently and manage the trade and get out when it does not go in your direction. You'll have to determine the conditions when it is that you get out. Never wait until a stop is hit, either the trade goes in your direction or it does not. Allow for the normal noise in the market.
Suggest to have a stop , far enough from the market not to be hit frequently and manage the trade and get out when it does not go in your direction. You'll have to determine the conditions when it is that you get out. Never wait until a stop is hit, either the trade goes in your direction or it does not. Allow for the normal noise in the market.
Yeah? And 99% of traders get bagged! MOST of them use stops.Quote from bali_survivor:
no stops , heard that one before recently: "my system will always work, it will never stop". yeah right, the guy who said this recently lost two thirds of his account.
Suggest to have a stop , far enough from the market not to be hit frequently and manage the trade and get out when it does not go in your direction. You'll have to determine the conditions when it is that you get out. Never wait until a stop is hit, either the trade goes in your direction or it does not. Allow for the normal noise in the market.
Anyway, pls do use your stops - just make sure they're set to deposit right into my account.
LMAO,
Gamal
Quote from moneymoneymoney:
Have at least 18 months of expenses (including health insurance) in the bank before going fulltime. If you start trading fulltime and need to make money right away you're almost certain to fail.
I agree to this. And a normal beginners mistake is that they overtrade so make sure that you have enough in your account to keep on trading for a living when the returns are only a third of what you expect them to be.
Or, when you're like bali_survivor who sets his stops to deposit right into my account.Quote from bali_survivor:
I agree to this. And a normal beginners mistake is that they overtrade so make sure that you have enough in your account to keep on trading for a living when the returns are only a third of what you expect them to be.
Thanks bali_survivor!
LMAO,
Gamal
Quote from gamalruach:
Or, when you're like bali_survivor who sets his stops to deposit right into my account.
Thanks bali_survivor!
LMAO,
Gamal
Let me ask you Gamal: Do you have fire insurance / house insurance / car insurance / health insurance? You never make a mistake? Then you are not of this world.
Where did I mention that I rely on my stops to get out when the trade goes against me?
I may not be able to attend to my trading and would like to have that stop there so that if I do finish up in hospital etc. that the trade does not bankrupt me.
But thank you, I'll unsubcribe from this thread. Not interested in getting flamed.
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Do not feed the trolls, the troll live of negativity.
Whiners, and more whiners.Quote from bali_survivor:
Let me ask you Gamal: Do you have fire insurance / house insurance / car insurance / health insurance? You never make a mistake? Then you are not of this world.
Where did I mention that I rely on my stops to get out when the trade goes against me?
I may not be able to attend to my trading and would like to have that stop there so that if I do finish up in hospital etc. that the trade does not bankrupt me.
But thank you, I'll unsubcribe from this thread. Not interested in getting flamed.
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Do not feed the trolls, the troll live of negativity.
Besides, if you die in the hospital what does it matter if you go bankrupt?
*shakes head slowly*
gsr