well said. the bottom line of basic is very simple. Good traders make money, losing traders don't. how do you know:
1. look at your trading account statement, it can't lie.
2. if it's profitable, check how much risk you have taken in relate to made that profit. A. risk $1 to make $2, good trader. B. to risk more than $1 to make $1, bad!
1. look at your trading account statement, it can't lie.
2. if it's profitable, check how much risk you have taken in relate to made that profit. A. risk $1 to make $2, good trader. B. to risk more than $1 to make $1, bad!
DislikedIt always comes back to the basics.....
Let's face it. Any, not just some, but ANY trade we make is nothing more than
an "educated guess." All of the comments on the thread are worthy of reading,
as they cummulatively help us in forming our own (with emphasis on 'our own')
opinions as to what the price might, or might not, do next.
The best thing for each of us would be to stick to the basic principals of the
Sonic R Method to determine when to take the next "leap of faith." Make certain
that the basic rules are evident and then, and only...Ignored
seeing through
..
