As a consistent profit day trader...

Discussion in 'Trading' started by Leob, Nov 18, 2021.

  1. Big AAPL

    Big AAPL

    I run a 5 to 1 win ratio on my daytrades...
     
    #11     Nov 18, 2021
  2. deaddog

    deaddog

    What are you looking for?
    My reviews are simple. Did I follow the plan?
    If not why not. I can never find a good reason so for the most part I stick to the plan.
     
    #12     Nov 18, 2021
  3. Big AAPL

    Big AAPL

    Sal is correct...define consistent...because it does not happen everyday
     
    #13     Nov 18, 2021
  4. I think the understanding is that no one allows stupid trades as part of the system, but we all know stupid trades will happen and when you know it is stupid, you get out. No?
     
    #14     Nov 18, 2021
    comagnum likes this.
  5. deaddog

    deaddog

    A disciplined trader follows their rules!!
     
    #15     Nov 18, 2021
  6. Big AAPL

    Big AAPL

    you know it was stupid when it goes against your stop loss

    Been there
    Done that
    Happens all the time...the trick is mitigation
     
    #16     Nov 18, 2021
  7. schizo

    schizo

    So is following bad rules considered disciplined? Isn't that why you make stupid mistakes and yet are oblivious of why?
     
    #17     Nov 18, 2021
  8. deaddog

    deaddog

    I only follow rules I made for myself so if they are bad rules I'm still disciplined.

    I guess if you don't learn from your mistakes you're doomed.
     
    #18     Nov 18, 2021
  9. SunTrader

    SunTrader

    No. That kind of thinking is stupid.

    Hitting your stop loss tells you are wrong, not stupid.

    Difference.

    Wrong about what you thought would happen with trade, but right in following what stop tells you.

    Doubly stupid would be ignoring what your stop is telling you.
     
    #19     Nov 18, 2021
    Leob and nooby_mcnoob like this.
  10. Big AAPL

    Big AAPL

    True...but it is all a matter of interpretation
     
    #20     Nov 18, 2021