Why thinking in money term is bad?

[a529612]

Say you place the stop when the trade moves against you by $2000?

 

[nazzdack]

Is the $2,000 figure a specific percentage of your account or a "critical price" on the charts? Is it a random choice?

 

[a529612]

It's just a "comfort zone" for drawdown.

 

[AKUMATOTENSHI]

It is all percentages to me. Money is just the tool to make gains.

 

[eagle]

Because Mr. Market neither know your entry point nor care about your gain or loss, Mr. Market care only about price movement and volume as a whole, not one trader particular size. Then it's better to concentrate on price movement of the stock instead of your gain and loss.

 

[JimmyJam]

Quote from a529612:

Say you place the stop when the trade moves against you by $2000?

This is too generic to speak on intelligently.

What is this?

Shares of stock being traded intra-day?

Multiple contracts of E-Mini's?

Bonds?

Curriences?

What % of the total performance bond does this represent?

Regards,

JJ