Quote from musicman:
Maybe you need to change your trading rules. Up $1000 for the day and your rules say hold to the end of the day ?? I would have been out of that position before noon.
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I am not trader, but I watch my friend trade. I agree to take your $1000.00 profit for the one day if you are not wealthy. Take the profit.
Quote from trendlover:
Quote from musicman:
Maybe you need to change your trading rules. Up $1000 for the day and your rules say hold to the end of the day ?? I would have been out of that position before noon.
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I am not trader, but I watch my friend trade. I agree to take your $1000.00 profit for the one day if you are not wealthy. Take the profit.
i'm keeping logs of every day. few notes during the day. i do this for many many years. when i didn't follow my rules - i mark this day with RED color in excel. i trade practically all trading days. here is stats from my own notes-every time when i exit not by my rules,thinking-this is 'enough' market continue to go my way. and does that EVERY FUCKING TIME! not every other time,hell no-EVERY FUCKING TIME. what would you do,if you see it so many times?
to me-it's not even the money-it's about being right and stick with the rules. every damn time i choose not to stick with the rules(for whatever reason)-i got punished very very badly. EVERY TIME!
you can call it whatever -coincidence, curse,superstitious-whatever,but this is what i've experienced. EVERY TIME. not even 50/50,nope.
you also have to keep in mind that you can't 'skip' the loss. it's can(and will be) only bigger,not less. you can be sure that the Gods of trading aren't let you have some technical difficulties on losing day..no no no..ain't going to happen. all those problems(internet,software,brokerage-whatever)-they typically occur on days,where you about to make a home run..
so.. if you not going to let those profits run(assuming you playing typical 60-65% win where avg winner and loser are roughly equal-you will find yourself losing money very very quickly.. simple stats and math.

well...that's what people are saying. In fact DC does look like 'common'russian guy.Quote from Visaria:
That's ok, you can say you look like James Bond![]()
