Risk Management is the answer

Discussion in 'Risk Management' started by Wide Tailz, Oct 25, 2021.

  1. The most vital and strongest pillar in trading
    without risk management you just burn through your cash.
    #11     Oct 25, 2021
    comagnum likes this.
  2. %%
    Including but not limited to;
    you like up trend trading profits in 4th quarter bull market?? I do 2........................................
    #12     Oct 25, 2021
  3. "What goes on inside a profitable speculator's mind?"

    I'm looking at this from beyond an intellectual level.

    From beginning to end of their contact with speculating in markets.

    Somewhere I realized the correlation.

    Perhaps it was examining my own periods of success and failure.

    Perhaps it was the countless quotes from market wizards.

    And the flip side, the continual obsession amateurs (who seem to always lose when the trend changes) have with making a quick fortune on one single trade.

    They always beat themselves up when they miss a big move like DWAC yesterday, but never sweat huge paper losses!

    This second type seems to make up the infamous 95% we all hear about.....
    #13     Oct 25, 2021
    billv and comagnum like this.
  4. sandy_s


    That is the point - the infamous 95% don’t lose just so they don’t have risk management in place.

    Their entry itself was incorrect.
    #14     Oct 25, 2021
  5. Overnight


    I thought Jesus was the answer.

    #15     Oct 25, 2021
    Wide Tailz likes this.
  6. deaddog


    Well risk management is a great answer. I've heard two or three traders say that what they focus on is how much can I lose on this trade rather than how much can I win.
    #16     Oct 25, 2021
    KCalhoun likes this.
  7. Overnight


    One of those would be me. I closed two index future trades today in profit, after SEVEN WEEKS OF HORRIBLE DRAWDOWN, and rolled one of those into March. I levered up one into a MNQ trade because of upcoming earnings. Keep the leverage low, and one will survive the BS.
    #17     Oct 25, 2021
  8. deaddog


    Nice of you to give your money a seven week holiday. Most traders are slave drivers and want to keep their money working for them.

    Remember the market always comes back. Eventually. Maybe!
    #18     Oct 25, 2021
    billv likes this.
  9. Fuck Risk Management. That risk management shit is useless.

    You either can make money or you can not.
    #19     Oct 25, 2021
  10. Overnight


    Well then! I guess you and B1S2 will not share a pleasant picnic basket!
    #20     Oct 25, 2021