Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

Stan1

Members
  • Content Count

    6
  • Joined

  • Last visited

  • Days Won

    1

Posts posted by Stan1


  1. On 1/21/2014 at 6:28 PM, MidKnight said:

    Develop a plan.

    As one goes on their trading development journey and they are exploring a variety of markets, timeframes, and methodolgies - you'll need to develop a plan. The plan doesn't have to be some objective extremely specific set of rules. It can be a loose set of guidelines that makes sense to you that gets refined over time with your experience. The goal is to start acting consistently so you can get consistent results.

    There will probably be times that you violate the plan for whatever reason and I think that is normal, especially for more discretionary plans. But the key is to consciously violate it rather than getting lost in the throws of the market or in ones emotions. If you are consciously violating the plan you will note it in your daily review and over time you will collect enough data that may or may not indicate that the violation improves your plan.

    Develop a plan today.

    This is the key component. If you have a good trading plan, while working when sick isn't advisable, you should still be make the same trades as you would if you weren't sick. Your mental judgement shouldn't be impaired to a degree that you won't follow your plan, if so then yeah, don't work.


  2. On 5/21/2019 at 5:36 AM, mukti said:

    The 10 Simple Trading Strategy for Full Time Traders-

    • Always Use a Trading Plan.
    • Treat Trading Like a Business.
    • Use Technology to Your Advantage .
    • Protect Your Trading Capital .
    • Become a Student of the Markets .
    • Risk Only What You Can Afford to Lose .
    • Develop a Trading Methodology Based on Facts.
    • Always Use a Stop Loss .
    • Know When to Stop Trading .
    • Keep Trading in Perspective .

    Great advice, particularly the trading plan. I never see enough of those.

    If simple is the parameter, then what a simple moving average crossover? Even that is complicated if you can't read a chart. 

    Hmm, buy spy and hold? That seems the most simple. And it is engineered to always go up. Should work.


  3. Well I don't know. Good is only defined by you. What might be good for me might be disastrous for you.

    What are your goals? How much do you have? These are some of the questions you need to answer. Do you have a trading plan? I might post mine here to help.

    Most of all, you need to be sure of your own decisions. Asking for what trades are good is a sure way to lose your money. I could tell you what to trade then trade against you and basically just rob you.

    Learn your own system to trade. Do you have good resources?

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.