Where is everyone else?
TheRumpledOne wrote:
I created a compass to show where price is (in pips above/below) in relation to the highs/lows.
(x) means x bars ago
Moderator: moderators
MightyOne wrote:More risk is just more risk as more profit is more profit.
The question is weather or not you can increase your profit as easily as you increase your level of risk.
If you lost 2 trades would you question your 3rd trade and if you lost your 3rd trade would you question your 4th having lost 15% of your account in one day?
If 15% of your account is $150,000 you might be sweating bullets because not too many jobs out there pay over $1,000,000 a year.
As much as I believe that I can get away with 8% per trade I still risk 1%.
Poker is a game of great skill, but it is also a game of bad beats.
A poker professional will not risk a large portion of his stack on any one hand believing that his skill is more valuable than the decision of a single hand.
Poker and trading have a lot in common...prochargedmopar wrote:MightyOne wrote:
"Wait for a daily or greater new high/low"
$$This simplifies things.$$
What if 20 pips is 5%?
Oh yeah, you said we'd be trying to make 89Gadzillion dollars.
razorboy wrote:I think trading is easier than poker............
never have to "call " the market so to speak........
can just cash out
Espip is awol........MightyOne wrote:More risk is just more risk as more profit is more profit.
The question is weather or not you can increase your profit as easily as you increase your level of risk.
If you lost 2 trades would you question your 3rd trade and if you lost your 3rd trade would you question your 4th having lost 15% of your account in one day?
If 15% of your account is $150,000 you might be sweating bullets because not too many jobs out there pay over $1,000,000 a year.
As much as I believe that I can get away with 8% per trade I still risk 1%.
Poker is a game of great skill, but it is also a game of bad beats.
A poker professional will not risk a large portion of his stack on any one hand believing that his skill is more valuable than the decision of a single hand.
Poker and trading have a lot in common...prochargedmopar wrote:MightyOne wrote:
"Wait for a daily or greater new high/low"
$$This simplifies things.$$
What if 20 pips is 5%?
Oh yeah, you said we'd be trying to make 89Gadzillion dollars.