Traders Laboratory - View Single Post - My Entry vs My Stop vs My Exit
View Single Post
  #6 (permalink)  
Old 12-28-2006, 01:57 PM
walterw's Avatar
walterw walterw is offline
walterw is The Trader Chimp

Trader Specs
 
Join Date: Nov 2006
Location: Argentina
Posts: 2,141
Thanks: 0
Thanked 32 Times in 23 Posts
Re: My Entry vs My Stop vs My Exit

Great feedback Guys ¡¡¡ thanks ant for those quotes, very good stuff on confirmation vs anticipation... for torero : it is obvious that you need some basic level of confirmation... when I say confirmation, I mean a great level of facts on the table that made us loose the best spot to get in the market... now I would refer to PRE-CONFIRMATION , it is a hint that this or that will happen... and I will react previously (anticipation) on this premise so I can have a competitive entry... we dont want to get stabbed with a knife or hitted by a train... we are talking of being "wise" in anticipating our technical argument... if our argument WILL work then where is the best spot to get in ... any way if my argument was going to FAIL... then I prefer to loose less... many times we get confirmed just to find out our trade (technical argument) was going to fail... it would be better to fail (anyway) in the smallest risk... thats what this "anticipation" can do for us..

Reply With Quote