Is that for real?

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southerndrawl1979
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Re: Is that for real?

Postby southerndrawl1979 » Mon Dec 15, 2014 1:53 pm

Tro. We have talked b4 a few years ago. Could you give me a list of 4 or 5 brokers that are decent to you. Thanks sir

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tom7ak
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Re: Is that for real?

Postby tom7ak » Fri Dec 19, 2014 3:25 am

Mo, thank you for sharing your insight.

MightyOne wrote:
DEFINITION OF 'STOP-LIMIT ORDER'
An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will be executed at a specified price (or better) after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price or better. -Investopedia


SL`s should be rather mental and not hard stops. I close position when I `realize` the chances of price going my way decreased, however at the same time my aim is still to minimize the loss or even close a position with a small profit. Additionally i use `emergency` stops just in case price reverses sharply against me and `never` comes back. Am I on the right track here?

If this is correct, I need to have some skills of `seeing` the odds of price movements, to answer the question if
- profit potential still exist
- if price is likely to come back to minimize the loss

I am confused here a bit. On one hand I believe that price action cannot be predicted... on the other my mind `wants` certainty.

When I think about factors that may drive price - 3 things come in mind - price, time, horizontal lines (psychological levels that means sth to people). I can see some connection between those and candle closes and body sizes but cannot make a rule set out of it yet. Time to stop thinking, I guess:) and get down to the ticker properly.


best regards
Tom

tom7ak
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Re: Is that for real?

Postby tom7ak » Thu Dec 25, 2014 8:56 am

Lack of response...

My GUESS is - I wasn't asking the right questions :mrgreen:

Merry Christmas to ALL!

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MightyOne
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Re: Is that for real?

Postby MightyOne » Thu Dec 25, 2014 11:34 am

tom7ak wrote:Lack of response...

My GUESS is - I wasn't asking the right questions :mrgreen:

Merry Christmas to ALL!


This is not the best time of the year for quick responses.

I usually try to answer 2 or 3 posts, w/ the main threads being priority #1, and then move on with my day.

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