1.What you wanted to know and what have you known so far?
2.What was constructive about ashes post?
Pls dont take it otherwise I am not trying to be a prick, just wanted to know what was ur intention.
2.What was constructive about ashes post?
Pls dont take it otherwise I am not trying to be a prick, just wanted to know what was ur intention.
* what even ashes or anyone else has posted, I feel was done in good faith to help shrugging traders and explain things in a simple way. I feel that is constructive and people need to add to it to make it "more correct"
* what I didn't understand was what johnnypareek has mentioned below and linkon7's reply...
hey,
Well, u can do these things when u r sure u r ennotions are controlled. In last 20 years i just found one thing, when 8 out of 10 ppls say buy, u better sell.
Thing is crowd. 1% either side is like flipping coin.
Well, I know one person who was not able to controll his ennotions. what he started to do is he opened a/c with 2 broking houses and in one a/c he buy n in second a/c he sell. any trade giveing losss he will be out n profitable he keeps. sonnetinne even then he booked loss.
Loss is part of trading. Do not try to be snnart, but polite with loss. When loss connes, welconne n forget.
johnny
Well, u can do these things when u r sure u r ennotions are controlled. In last 20 years i just found one thing, when 8 out of 10 ppls say buy, u better sell.
Thing is crowd. 1% either side is like flipping coin.
Well, I know one person who was not able to controll his ennotions. what he started to do is he opened a/c with 2 broking houses and in one a/c he buy n in second a/c he sell. any trade giveing losss he will be out n profitable he keeps. sonnetinne even then he booked loss.
Loss is part of trading. Do not try to be snnart, but polite with loss. When loss connes, welconne n forget.
johnny
your friend who buys in one account and sells the same thing in another account has to make a decision on when to close the trade of one account and let the other ride. why doesnt he just use that decision to trade that stock in that direction instead of making the broker rich.
and regarding the 1% thing, i think the point here is even if u maintain a risk reward ratio of just 1:1, if your success rate is higher than 50% then u end the week with a profit. A higher risk reward ratio will give you net profit even if the success rate is below 50%....
No hard feelings..