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  • #635,681
  • Apr 29, 2012 10:41am Apr 29, 2012 10:41am
Quoting KillerWhale
Really?
Really, for several reasons:

1. If position was not big and market made a good move in one's direction, that is a lost opportunity. Thinking about this will only bring frustration and nothing else. Thinking about this will encourage a trader in taking a big position on next opportunity and for sure that next opportunity will turn into a disaster

2. If position is "Big" that means this is beyond a trader's normal position and therefore few pip profit on this position will bring good profit. Seeing this profit trader will close the position fearing these profits will disappear on a small move against the position. However, if pa goes in the opposite direction, the trader will always think since its a Big position let's see some drawdwon before making huge profit.

3. My Gambling Rule #2: There is limit to how much you can lose but no limit to how much you can win. If you keep on taking big risks, will soon run out of your capital.

4. I am a pussy trader and want everyone to be like me.
The Thief of Wall Street
  • #635,682
  • Apr 29, 2012 10:43am Apr 29, 2012 10:43am
Quoting KillerWhale
Coz I'm planning to make a killing in shorting GU this week
Join me into the list comrade...LOL..
I am a hunter...i kill both bulls and bears...
  • #635,683
  • Apr 29, 2012 10:45am Apr 29, 2012 10:45am
Quoting Chicky
Really, for several reasons:

1. If position was not big and market made a good move in one's direction, that is a lost opportunity. Thinking about this will only bring frustration and nothing else. Thinking about this will encourage a trader in taking a big position on next opportunity and for sure that next opportunity will turn into a disaster

2. If position is "Big" that means this is beyond a trader's normal position and therefore few pip profit on this position will bring good profit. Seeing this profit trader will close the position...
You really got it down my friend
New voice message: Why are you calling me? If I need you, I'll call you!
  • #635,684
  • Apr 29, 2012 10:46am Apr 29, 2012 10:46am
Quoting KillerWhale
You really got it down my friend
I would give you another vouch if I could
New voice message: Why are you calling me? If I need you, I'll call you!
  • #635,685
  • Apr 29, 2012 10:49am Apr 29, 2012 10:49am
Quoting Chicky
Welcome.

Not every post and every opinion you see here will be right for you.

Keep your position sizes small, no matter what.

ps. Never ever think how much you would have made if your postion size was big, never never never ever.
Thanks for ur advise,, i plan to manage my opened positions max of 9% of my capital, 2-3% every position
  • #635,686
  • Apr 29, 2012 10:51am Apr 29, 2012 10:51am
Quoting Chicky
Really, for several reasons:

1. If position was not big and market made a good move in one's direction, that is a lost opportunity. Thinking about this will only bring frustration and nothing else. Thinking about this will encourage a trader in taking a big position on next opportunity and for sure that next opportunity will turn into a disaster

2. If position is "Big" that means this is beyond a trader's normal position and therefore few pip profit on this position will bring good profit. Seeing this profit trader will close the position...
Or another take :-

Life is to short to waste it pussy footing around.
As long as your method is sound go hard you'll make more sooner.
Really small position sizes won't make you profitable, merely lose slower.

Better to lose quicker, take your licks learn from it and try again than waste your life, obviously better just to stick to the plan and make profits
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #635,687
  • Apr 29, 2012 10:56am Apr 29, 2012 10:56am
Quoting Turveyd
Or another take :-

Life is to short to waste it pussy footing around.
As long as your method is sound go hard you'll make more sooner.
Really small position sizes won't make you profitable, merely lose slower.

Better to lose quicker, take your licks learn from it and try again than waste your life, obviously better just to stick to the plan and make profits
You are right too
New voice message: Why are you calling me? If I need you, I'll call you!
  • #635,688
  • Apr 29, 2012 11:00am Apr 29, 2012 11:00am
Quoting hlina9
2 is enough if they are true friends
what do you mean by true? everything is true in my life... do you call people friends if they are not true friends? besides what do you mean by true? of course they will not die for you!!! they are more than colleagues and less than family...
When life gives you lemons, make lemonade
  • #635,689
  • Apr 29, 2012 11:02am Apr 29, 2012 11:02am
3235
  • #635,690
  • Apr 29, 2012 11:02am Apr 29, 2012 11:02am
Quoting KillerWhale
Not surprised
i know you have 1 friend for sure and sometimes they become two, your bottle of whiskey! because sometimes you are too drunk and you start laughing and talking and answering yourself and your bottle and seeing DOUBLE
When life gives you lemons, make lemonade
  • #635,691
  • Apr 29, 2012 11:04am Apr 29, 2012 11:04am
Quoting micho
i hate long posts.. alot

Nobody here is surprised with that, the average 12 year old has the attention span of a gnat.
  • #635,692
  • Apr 29, 2012 11:05am Apr 29, 2012 11:05am
Quoting micho
what do you mean by true? everything is true in my life... do you call people friends if they are not true friends? besides what do you mean by true? of course they will not die for you!!! they are more than colleagues and less than family...
Something like that, yes. They help each other and you know them if you are in trabble
  • #635,693
  • Apr 29, 2012 11:07am Apr 29, 2012 11:07am
Quoting oathbreaker
4h-chart is showing divergence
Very good analysis overall. Couple things I've noticed.

Triple bottom: I don't think that's triple bottom by definition. Triple or double top and bottoms form at the very end of the trend. We so far had an up move from Feb til now, then triple bottom, as you defined, formed at higher low. Hence, that shouldn't be called triple bottom. I do agree with the support in place.

4hr divergence: its a bit risky to call it a divergence for 2 reasons.

1. Price closed above 4hr support.
2. If the price shoots up rsi could print higher high, since no reversal candle is in place, then divergence fails. There's certain criteria when it comes to divergence. You might wanna look it up. It's kind of hard to explain with text. LOL.

Very good analysis overall though.
  • #635,694
  • Apr 29, 2012 11:09am Apr 29, 2012 11:09am
Quoting Turveyd
Or another take :-

Life is to short to waste it pussy footing around.
As long as your method is sound go hard you'll make more sooner.
Really small position sizes won't make you profitable, merely lose slower.

Better to lose quicker, take your licks learn from it and try again than waste your life, obviously better just to stick to the plan and make profits
LOL.

You reminded me of a great gambler I knew (he died few years ago). He would go to Vegas and play only one hand with all his money, would leave after this one single hand, no matter what's the outcome.

Seriously: I learned a lot from a NY businessman. The best lesson learnt is no matter what you do always do it fearlessly. He is so fearless that I prefer taking a train than sitting next to him while he drives.
The Thief of Wall Street
  • #635,695
  • Apr 29, 2012 11:12am Apr 29, 2012 11:12am
Quoting pkimnyc
Very good analysis overall. Couple things I've noticed.

Triple bottom: I don't think that's triple bottom by definition. Triple or double top and bottoms form at the very end of the trend. We so far had an up move from Feb til now, then triple bottom, as you defined, formed at higher low. Hence, that shouldn't be called triple bottom. I do agree with the support in place.

4hr divergence: its a bit risky to call it a divergence for 2 reasons.

1. Price closed above 4hr support.
2. If the price shoots up rsi could print higher high, then...
Hi, you could make some corection on that and post it here. I was also looking at that too. Thx lubo
  • #635,696
  • Apr 29, 2012 11:13am Apr 29, 2012 11:13am
Quoting hlina9
Something like that, yes. They help each other and you know them if you are in trabble
and sooner or later you will end up being strangers again or enemies just like the song says

Inserted Video
When life gives you lemons, make lemonade
  • #635,697
  • Apr 29, 2012 11:16am Apr 29, 2012 11:16am
Quoting micho
and sooner or later you will end up being strangers again or enemies just like the song says

http://www.youtube.com/watch?v=4pBo-GL9SRg&ob=av2e
10 year like that ... Hmmm
  • #635,698
  • Apr 29, 2012 11:16am Apr 29, 2012 11:16am
Quoting Chicky
Welcome.

Not every post and every opinion you see here will be right for you.

Keep your position sizes small, no matter what.

ps. Never ever think how much you would have made if your postion size was big, never never never ever.
  • #635,699
  • Apr 29, 2012 11:17am Apr 29, 2012 11:17am
Quoting hlina9
Hi, you could make some corection on that and post it here. I was also looking at that too. Thx lubo
?
  • #635,700
  • Apr 29, 2012 11:18am Apr 29, 2012 11:18am
Quoting micho
i know you have 1 friend for sure and sometimes they become two, your bottle of whiskey! because sometimes you are too drunk and you start laughing and talking and answering yourself and your bottle and seeing DOUBLE
Many times I too feel like answering to my own posts. This is a sure sign of sharp brain that never stops thinking and coming up with new thoughts and ideas.
The Thief of Wall Street
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