The Thief of Wall Street
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DislikedLOL. Market doesn't behave exactly the way he desribed. According to his writings market went in one direction and he bought only when first entry showed him a profit. This was not possible then and also today.Ignored
DislikedI think what he meant by this was not an exact price level but a small range.Ignored
DislikedI am building my positions exactly according to what he said. That is, try to get best price by splitting your entries in three orders.Ignored
DislikedI am not going bankrupt like he did. Therefore will try to limit my risk to as minimum as possible. But basic method will remain the same, i.e. More winners than losers, good r/r and losers smaller than winners.Ignored
Dislikedhm, okay, I think we are on a different page here. May I focus your attention on gold weekly and monthly, apple weekly chart, oil daily chart from 2010 to 2011?
I think he was just a really good stock picker and commodities picker that he could smell the runners that would never look back.
I think this was possible then and is possible now.
maybe, we will never know.
I would be interested in that, could you refer me to the book / page, where he wrote about that? or did you already write it somewhere in the thread?
But from what I read, he...Ignored
DislikedLOL. Too much to reply to.
In nut shell I am trying to use Jesse's method, not necessrily following him.
Yes, we can go bankrupt even with a demo account. ............ If not financially, we can mentally go bankrupt.
I would repeat, he did not pyramid. Never. That would defy his whole method. Let me finish cooking, will post extract from his book how he traded. That part is probably the most important lines in his book.Ignored
Disliked...Would be interested in that, could you refer me to the book / page, where he wrote about that? or did you already write it somewhere in the thread?
But from what I read, he said he would never throw good money after bad money, i.e. initiate another position, when the first one is showing a loss.
...........Ignored
DislikedClosed two testing trades. No longer needed plus suspecting some intervention.Ignored