TheRumpledOne wrote:TygerKrane wrote:TheRumpledOne,
Would you say that regardless of the method you had been using over the years (be it "Anatomy of Draining the Banks", "Draining the Banks Rev. 8", "Draining the Banks Rev. 9", "Drain the Banks - Like A Rat" --{Anybody else see a pattern theme here??}--, or "Buy Zone"), your mentality / how you approached trading on a daily basis was always as in the below post?TheRumpledOne wrote:if price moves in your favor 2 pips and then stops...
if you do not take 2 pips and lose 10
who is to blame?
here's what happens...
first trade...
price moves up 2 and stops
trader takes 2 pips and then price zooms up another 20 + pips
trader gets mad
second trade
price moves up 2 pips and stops
trader THINKS and decides NOT to take the 2 pips
price drops and stops trader out
so... 2 + 2 = 4 (RAT)
or
2 - 10 = -8 (YALE STUDENT)
YOU DECIDE
WHEN PRICE STOPS MOVING... DO YOU KNOW WHAT WILL HAPPEN NEXT?
the idea is to be PROFITABLE PERIOD
Yes.
...
Where is the smiley for attaining Enlightenment and Nirvana when you need it?
...
Thank You. Thank You So Kindly for the Prompt Response. Thank You So Much.
[highlight=orange][font=comic sans]. (... [/font][/highlight][highlight=orange][font=comic sans]years[/font][/highlight][highlight=orange][font=comic sans] of having a specific mentality ...) .[/font][/highlight]