Wrong again. Depends on the ratio winners/losers. And also on the ratio winners/losers in $. Make all possible combinations and you will see that high winning rates give wide stops and low winning rates give tight stops. So telling that I trade with tight stops can be true but also false.
Why is hard to make money? Find trend, stops above previous/high low, TP @ next highs/lows
- Thread starter iamnewuser911
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Wrong again. Depends on the ratio winners/losers. And also on the ratio winners/losers in $. Make all possible combinations and you will see that high winning rates give wide stops and low winning rates give tight stops. So telling that I trade with tight stops can be true but also false.
So far, you're not convincing me that you're not just TALKING OUT YOUR ASS! (Easy to do on the internet, of course.)
No, i cannot beat you. that is to harmfull for your ego. In fact nobody can beat you. You are the man!
Your statement about owing the whole world is the ultimate proof of the simplicity of your logic. I limit my position to what I find reasonable. So the logic of ever compounding that you suggest is not relevant. Only noobs speak about eternal compounding.
I feel no need to convince you. Just gave my opinion, but apparently I caused a mental chock.
You've convinced me. ON IGNORE!!
You hate it, don't you? I saw right through your BS and called you on it.
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For subjective trading, targets make no sense. A good quant can however maximize gains by using targets. If you log thousands of trades measuring different levels of risk/reward, including no targets, you now have a benchmark comparison. Not really possible to do manually for higher frequency trading.
All the "good HFT quants on ET" should take notice of this. /sarc
"Profit targets" for the rest of us are subjective and inappropriate if you want to maximize your effort. (You know, "let your profits run" as best you can?) The time to take profits is when the market tells you (either offensively or defensively), if you know how to read it.
All trading is a "guess"... which is why stops are vital. When your guess is wrong, you don't want to lose too much. You can do it randomly, smartly or dumbly.
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do it and report back in a year dumbo
Agree here. Unless you can statistically prove to yourself otherwise, you're in the dark, and best just to let the market run. Stop adjustments need to be done properly though, and not that easy to do.
While stops are crucial to overall success, their placement is an art.... whether your put them in the right or wrong place.
Sometimes a tight stop serves you best. Sometimes a loose one. You only "know" in hindsight... which, of course, is useless.
That's where the rubber meets the road. Even if the positions are sized right, it can be death by a thousand cuts.