agreed
no one knows when they are wrong and that is the biggest challenge in this business.....
a market can drop 25% a nd then go up 2000 %
when are you wrong?
Why TopstepTrader?
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no one knows when they are wrong and that is the biggest challenge in this business.....
a market can drop 25% a nd then go up 2000 %
when are you wrong?
NO NO NO
they are saying keep your losses tiny or NON - EXISTANT.. and forget about your winning/profit..........
if you can do that, they will fund you.....
if you can do that..fucking GS will make you head of their
organization
You know you are wrong when it hits the part of your trading plan where you quantify what is an out for your plan, and/or it is time to stop trading as the markets aren't performing within the metrics prescribed in your trading plan. For the kind of volatility you use as an example, you are either set up in your trading plan to take a trade and except your stop may be blown through before a fill, or after the first loss you identify this isn't a market you should be in at the time. Another part of trading is having a plan to sit on the sidelines and not have to trade every up and down.
Take this as you will, but just based on the giant, colored, capitalized response to a simple comment on a trading forum, this may not be the business for you. Intense up and down emotional people more likely aren't suited for trading, as they react too strongly to a win or a loss, and go big, or revenge trade when they need to stay cool, think, and rely on their plan.
I hope you have a written plan, have studied it, practiced with it, and stick to it.
Peace
market will do what it wants.....it does not follow a 'plan'...God help you
No, it does not follow a plan, and you are not understanding what I am saying. You need a plan to trade with setups that provide an edge. There are fairly logical reasons for most movements in the markets, but as with everything there are exceptions, and you should have a plan in place to deal with those stiuations. it maybe as simple as stop trading.
Maybe it is a language difference, but I am not looking to argue with you, only to help you see that making a plan, writing it down, practicing, and moving forward to live trading are a good path. this as opposed to randomly entering the markets and expecting something positive to happen.
Maybe it is a language difference, but I am not looking to argue with you, only to help you see that making a plan, writing it down, practicing, and moving forward to live trading are a good path. this as opposed to randomly entering the markets and expecting something positive to happen.
if you cannot discuss and take everything as an argument.........
if you have plan to have to wait for that plan to trigger
if you know what the market is doing, then you just trade that...i do not wait for setups....but i do know when the market changes and i trade that.
.....once market changes that shows me where the stop should be and i position myself for the change and i place the stop where it should be
if it again changes then i position myself for THAT change......
i do not analyze i observe
Yer a pretty funny guy.
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