PowerX Strategy "PowerZ"

[BambinoFlex]

I just started learning Italian; maybe I'll create a new thread where I'll post in a language no one here understands. That's what Google Translate is for, right?

and_so_it_begins.jpg

You already post in a language no one here understands.

Don’t get too ahead of yourself now

[aliassmith]

I just started learning Italian; maybe I'll create a new thread where I'll post in a language no one here understands. That's what Google Translate is for, right?

and_so_it_begins.jpg

You already post in a language no one here understands.

Don’t get too ahead of yourself now

Damn I was going to post that.

[IgazI]

What people imagine it is like to exit with limit orders vs the reality. . .

how do you stop the market from stealing your soul? you trade smaller, you start at 1/6 to 1/4 size until you have a cushion of profit.

If you want to be a stupid SOB and trade at a size of 1 with no stop and no profit then, yeah, get REKT

fiction_vs_fact.png (35.07 KiB) Viewed 1006 times

[IgazI]

Damn I was going to post that.

If not plain English, what language should I use?

[aliassmith]

Damn I was going to post that.

If not plain English, what language should I use?

Klingon

[IgazI]

Klingon

It's in my library. . .
just remember that it is WHAT YOU ASKED FOR

you_asked.jpg (54.6 KiB) Viewed 981 times

[aliassmith]

Klingon

It's in my library. . .
just remember that it is WHAT YOU ASKED FOR

you_asked.jpg

It appears that my smart a$$ness has backfired. Touche

[BambinoFlex]

What people imagine it is like to exit with limit orders vs the reality. . .

how do you stop the market from stealing your soul? you trade smaller, you start at 1/6 to 1/4 size until you have a cushion of profit.

If you want to be a stupid SOB and trade at a size of 1 with no stop and no profit then, yeah, get REKT

fiction_vs_fact.png

I don't get it. Picture on right has limit buys, as in you're trying to get in at a better price after price moved out and up?

[IgazI]

What people imagine it is like to exit with limit orders vs the reality. . .

how do you stop the market from stealing your soul? you trade smaller, you start at 1/6 to 1/4 size until you have a cushion of profit.

If you want to be a stupid SOB and trade at a size of 1 with no stop and no profit then, yeah, get REKT

fiction_vs_fact.png

I don't get it. Picture on right has limit buys, as in you're trying to get in at a better price after price moved out and up?

If you're short, you exit by buying back your contracts:

I am talking about using a limit order to exit a trade that you are already in:

You are basically just dragging a 'take profit' order down until a correction takes you out, and maybe linking it to a sell stop at some point:

- if it's not time to exit then don't use a stop loss.
- if price is not near a limit order then don't place a stop.
- if you place a stop then link it to the limit order.

The post was about the fear of not having a stop loss in place vs the reality of not using a stop loss.

how_to.png (26.25 KiB) Viewed 885 times

[BambinoFlex]

What people imagine it is like to exit with limit orders vs the reality. . .

how do you stop the market from stealing your soul? you trade smaller, you start at 1/6 to 1/4 size until you have a cushion of profit.

If you want to be a stupid SOB and trade at a size of 1 with no stop and no profit then, yeah, get REKT

fiction_vs_fact.png

I don't get it. Picture on right has limit buys, as in you're trying to get in at a better price after price moved out and up?

If you're short, you exit by buying back your contracts:

I am talking about using a limit order to exit a trade that you are already in:

You are basically just dragging a 'take profit' order down until a correction takes you out, and maybe linking it to a sell stop at some point:

- if it's not time to exit then don't use a stop loss.
- if price is not near a limit order then don't place a stop.
- if you place a stop then link it to the limit order.

The post was about the fear of not having a stop loss in place vs the reality of not using a stop loss.
how_to.png

Okay makes sense, this is where fear sets in for me. Trying to internalize it and figure out what it is.

1. When price is out, I keep holding. Then, I’ll add more once I see that price is “in.”

After this, either prices makes a new out and it continues in its path toward my take profit or The fear/greed comes when price makes an “in” but goes against me and I let it take out my original risk.

As I’m writing this, I think I figured out the problem