Should i enter this trade?
I still doubt.
I still doubt.
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Dislikedhello buddy.....hope you had a nice time..
allways remember market has bigger pocket than anyone else....
also remember there is many stratagy out there....some need lots of capital (the way big boys do,i mean banks)....
if bank can lose bilions, 100 k or 200k is nothng for market....
save your self.....remember averaging works till the day market hits hard in our butt...and we do lose a lot i mean what you made ...it will destroy your confdence...you will be really scared to trade again....
allways Risk first.......Ignored
DislikedAs for me i wouldn't take it... the KC slope is not good, no solid momentum.. i see support area below also..Ignored
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Cool.
My grandfather are like that. No stop loss and used averaging but he trade stocks. Those blue chips stocks. He left millions for his family.
Is he successful?
I learnt from him but did horrible to my capital.
Like master said,'Did everything you can to preserve the capital"
It reminded me a Korean legend I watched: Loss of soldiers in the battle is expected but he used his strategy to prevent massive loss. And at those time, any general who loss many soldiers would be beheaded...Ignored
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Memorize the advice given by great traders here, it should be when you're asleep you can still see those charts moving up,down,sideway, what to do when see IB,OB,reaction to TL, Demand & Supply and etc...in your mind.
I'm slow poke and 4HR chart suits my appetite.
You will, post your charts. Read Sho's educational thread and revise them often. That's what I am doing till now.
In fact I have compiled them into a book bcs I afraid the master will delete here and thereIgnored