No I will never use astrology to trade ever. However I do find astrology interesting particularly vedic astrology /jyotish.Oh and saturn is my favorite planet. Im a capricorn heheOriginally Posted by ;
No I will never use astrology to trade ever. However I do find astrology interesting particularly vedic astrology /jyotish.Oh and saturn is my favorite planet. Im a capricorn hehe
That is a great point you make. I should therefore clarify I'm a fad trader if this thing.
Reason for asking is straightforward, making cash is relatively straight forward. However there are numerous instances once I look at my equity curve and think when I simply controlled by losses improved my equity would be substantially greater.
For instance, 50 percent drawdown demands a succeeding 100% gain to make up for it.
There is a follow on question here, which is has anyone discovered that controlling losses is more important than running winners, even at the cost of missing some hugely winning trades?
First, it's impossible for anyone to tell you how you can minimize losses, since none of us know how you trade. The subject of reducing losses is only one part of a larger subject of knowing when to get in and eliminate transactions. How do you determine when to enter? How do you know when it's time to take profits? How do you identify profit points? My guess is, even if you can do some of that, you ought to be able to figure out when to cut you reduction. Secondly, as for the last question about controlling losses becoming more significant, my guess is, even if you do not trade with stops, then the answer is probably yes. However, if, prior to entering a trade, you know the best place to make your second and third, and know the price amount that indies your trade has fallen apart, then the real problem is executing your trade and less about managing a reduction.
The very best way to keep winners small would be to quit taking crap transactions.
Why trade to shed?
It makes no sense to shed in order to win.
To win in order to win is better, IMHO.
A win IMO is any commerce Which Has a risk of zero (no risk)
keep what you have and get what you can
Please show for me an example of a trade that's legal and without risk.
The key here is to manage risk effectively and to put the odds statistically in your favor just like a casino will.
Trading is just like any other company and it ought to be treated like that.
The odds aren't in your favor; therefore they cannot be treated statistically in your favor just like a casino does
Trading is not like every other business enterprise. Or rather, it is a gaming organization, and must be treated in precisely the same manner if you should sit in the black jack table.
What do you mean legal trade?
Authentic, risk can't be eliminated. There is no such thing as a risk free trade.
However; it is always possible to reduce risk (but it can never be controlled. i.e shit happens)
If you pick the proper trades, the chances are in your favor.
Right means based on trade plan not emotionally?
Whether your trade was a right choice or not is something that you will know after you got stopped out or reach the take-profit. And if you keep repeating profitable decisions it means, statistically, the chances are in your favor.
Obviously this is to do with using good money management and tight stop loss.
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