the hare
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That exactly the sort of riduiculous bull**** I'd expect from J16 !
wot a dunce 😆
That exactly the sort of riduiculous bull**** I'd expect from J16 !
wot a dunce 😆
trader_dante
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Not really Mont.
The point I was making is not how you handle the trade but how you handle the risk.
I think the point J16 was making is that you tend to play the game in a different way when you have a bigger stake.
At first this doesn't seem to make sense (no doubt why the hare has immediately jumped down his throat). In theory, a trade is a trade. It shouldn't matter how much you have on it. It should be handled the same way.
In practice this factor makes quite a big difference to people and J16's theory that you outline was something that played a huge part in getting me profitable.
DashRiprock
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hi 🙂
what your not temembering is size of account isnt most important, its size of account / total net worth.
what your not temembering is size of account isnt most important, its size of account / total net worth.
Masquerade
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the hare
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Thats because it doesnt make sense. You move stops when its safe to move them, not because you are ****ting your pants hoping your current winner doesnt turn into a loser.
Dunces are pre programmed with this particular psychological bias. To give away opportunity of greater gains is just feckin stupid.
Its good to know this sort of ****ed up thinking is being passed on to the latest generation of traders, it looks like there's a few good years left in this racket.
DashRiprock
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putting 10% on a trade when 90% of your assets in in the account (9% net worth) is different to putting 10% on a trade when you know you probably have 8 or 9 accounts still left (1% of net worth)... like the 9 lives of a cat.
and also there is the mind side of it like others have said... ok so i can be cool as a cumumber trading a 1 lot, but that doesnt mean ill be cool as a cucumber trading 1,000 of them. i dont know ill find outif i ever get that far. yes you can say "but thats bloody stupid dont be a plonker its the strategy and the same risk in percent!" but also to say "i know its irrational so i am immune to bias and know i wont feel any different" is also bloody stupid and stop being a plonker.
🙂
B
Black Swan
B
Black Swan
trader_dante
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LOL, it has absolutely nothing to do with moving stops.
You crack me up!
No offence, mind. We can't always get the right end of the stick 🙂
the hare
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You should take some time to think about why you cant take risk, and why you self sabotage.
Success is not going to happen until you do, or maybe your content as you are, in which case feel free to ignore my advice.
montmorencyt2w
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montmorencyt2w
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the hare
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arabianights
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I'm on both of your sides... I second this... might be most sensible thing you ever read 🙂
(For least sensible thing, try the koran or revelations...)
BlackBison
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meanreversion
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Can we please stop baiting the master.
HowardCohodas
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You should tell that to InTheMoneySTocks - they move their stops to breakeven after 4 ticks and take 50% off their trade at that point :clap:
trader_dante
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Yes, I saw the call to get long Gold and noted it went $26 offside at which point I was politely informed it was still a profitable trade.
