Advice on Technical Indicators for optimum Points of Entry

This is a discussion on Advice on Technical Indicators for optimum Points of Entry within the First Steps forums, part of the Reception category; To any relatively inexperienced traders reading this thread: read post 10 a few times. TraderDante is right about many things ...

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Old Sep 15, 2008, 10:56pm   #15
 
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To any relatively inexperienced traders reading this thread: read post 10 a few times.

TraderDante is right about many things (and hes right about good management) but hes not right about the fundamental assertion. It is too focussed on. But it is not unimportant. Ok, Tom
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Old Sep 16, 2008, 8:45am   #16
 
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Although I agree with your points about entry defining risk and appeasing the naturally troublesome psychological elements, I firmly believe that running profits is far far far harder to do than cutting losses and if this is the case then it naturaly follows that where you exit is more important than where you enter. I find that time and time again the reason fellow traders are not making as much money as they could is because they are not running profits not because they got in at the wrong point.
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Old Sep 16, 2008, 8:54am   #17
 
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Quote:
Originally Posted by sweepylongbananafiend View Post
Which makes the entry (risk) just as vital as the exit (reward). Both are equally as important.
Why don't we just save all the bickering and say knowledge and skill at trading are the most important factors! People chasing systems and setups etc....people...
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