MightyOne wrote:aliassmith wrote:aliassmith wrote:MightyOne wrote:aliassmith wrote:Correction and trade to a daily Fat Cat.
Once it all clicks you will spew money into your account like too much liquor the night before
To much liquor the night before usually makes me spew alright.
Still working on emotional issue of holding losses. Reading Phantom helps
solidify some of your concepts and the way he adds to positions.
Easier to make a lot more money when I cut my losses. I seem to be
getting a handle on that. Wierd how I can take big drawdowns and still
come out ahead. Cut out the big drawdowns guess what!
It is also possible to make rediculous returns when you take advantage of
your winners. Heck, if you can add into a trade and get it up to about
30:1 leverage then that is a lot of cheese.
It is just silly how cut your losses short and let your winners run comes
full circle, at least in some form.
If you are going to go that high (30 to 1) then I would start with:
5 + 5 (avrg = 50% RET)
+ 15 to 1 (40% RET)
that would be the springboard to insanity.
Thanks, I will look into that. I am always looking for the best way to build my rocket ship. It is harder on smaller timeframes but can be done.