marypipins wrote:Mo..
Ok..so you are going to offer some analysis.. but maybe i'm missing the point.. your rubbing the rabbits foot or flipping the coin to try to achieve your goal through money management? I'm still excited about this because I respect your abilities and knowledge but I'm missing the reasoning behind the process.
Thanks..
Lisa
The trades are not random I assure you
1. Price does not want to move lower
2. Price is moving higher
3. BUY
The only skill involved is making it to +6 so that my risk drops to zero.
After that it is fate that price should move to bring me as much as 4.17% without slapping me with a B.E. or nearly 1.5% gain.
I wish to show everyone that they do not need a guru, indicator, or special powers to make money trading.
You just have to:
a. reduce risk
b. take profits quickly
c. take profits slowly
I also wish to show everyone that luck can be a significant part of your trading plan without you feeling ashamed about it.
Remember that every candle only has 2 extremes and price will move a great distance from either one (the most powerful money making advise EVER!)
But which one?
Well how would you like it if you paid nothing for picking the wrong one and profited handsomely for being right?
That is what the money management on the main page is about.
How do you make money?
You don't lose it.