who is a good trader

[wxytrader]

and a strong belief in your trading strategy.

Not strategy...skill. BNF said trading became more of a muscle memory...that's what it feels like when you are in the zone.

 

[ironchef]

Don't steal from pilots Check this out: https://www.elitetrader.com/et/threads/see-how-quickly-you-can-blow-up-an-account.376563/

My apology. Didn't realize you are not new to trading.

 

[SunTrader]

Could you please clarify what you mean by "its shakes and shimmies"

Just another expression for ups and downs, trends and corrections, etc.

 

[Buy1Sell2]

IMO, if you have to put a stop then you clearly aren't confident about the direction and should maybe re-consider legging in. Only retail uses stops because they don't have the capital to box it in. Most if not all positions end up in the red because you never get the actual bottom. If price drops I average down. I mean I would not employ this technique for single entities, I would probably get a leap put to protect from bk...but you will never see me place a stop loss on index funds or etfs. If I'm getting in you can be sure it's close to the bottom of the cycle, so why on earth would I want to get stopped out? Instead I use it as an opportunity to load up.

If all you guys "stopped" being little bitches then these funds couldn't get the huge liquidity they need to hoard shares and manipulate the stock.

OH HOHOHOHOHOHOHOHOHOHOHOHOHOHO

 

[murray t turtle]

I found this quote somewhere and just wanna know people"s opinions:

A good trade is more than just an entry:
Overall chart context
Trade management plan
Well-protected stop loss
Reasonable target
Consistent position size
Good exit plan
Solid Reward: Risk Ratio

%%
Good ;
+profits ride, which can include ''reasonable profits '', but not limited to those
Readers are leaders , like Dave Ramsey says.
NOTHING in my post is against profit targets
NO wonder TGT is doing so badly 2023\
bad performance compared to SPY benchmark\
goofy managers\
142% debt\\
bear technicals\ [NOT a stock tip LOL]

 

[eleanorK80]

I usually put stops the other side of support or resistance.

So you put a Stop loss for our trades?am I right?
based on your support and resistance zone?

 

[eleanorK80]

%%
Good ;
+profits ride, which can include ''reasonable profits '', but not limited to those
Readers are leaders , like Dave Ramsey says.
NOTHING in my post is against profit targets
NO wonder TGT is doing so badly 2023\
bad performance compared to SPY benchmark\
goofy managers\
142% debt\\
bear technicals\ [NOT a stock tip LOL]

Absolutely, you're on point!
Keeping a portion of your profits in the market can lead to compounding gains, just as Dave Ramsey suggests

 

[schizo]

A good trader makes money. None of what you listed is a requirement to make money....so therefore none of what you listed is a requirement of a good trader.

Sorry, but this is how the amateurs look at trading. For the professionals, managing their losses is actually how they make money.

 

[2rosy]

A good trader is a monopoly or is part of an oligarchy. They are the market

 

[zghorner]

A good trader makes money. None of what you listed is a requirement to make money....so therefore none of what you listed is a requirement of a good trader.

How much money have you made annually actively trading the past few years?