20 /30 profitable Dow Dax weekly 100 ticks profit

Apr 3, 2017
3,620
136
#94
https://www.wired.com/2007/03/security-matters0322/

Manage risk , know your loss before you put your trade on , learn how to lose gracefully , incorporate patience in the method like I have ,sit patiently until market gives you profit .

Here in the ftse thread ,I called a trade , it went 70 ticks against me , but it is still open at break even and hopefully going into profit.The option gives me 5 days of patience , it makes me patient.

Read about patience here :

http://www.trade2win.com/boards/general-trading-chat/36745-patience-what.html
 

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Apr 3, 2017
3,620
136
Jumped the gun :Impatient .

Took a 10 tick risk and entered early .Top two trades for long .Exit 1.2340
 

Attachments

Apr 3, 2017
3,620
136
Jumped the gun :Impatient .

Took a 10 tick risk and entered early .Top two trades for long .Exit 1.2340
Here I am focusing on limiting risk and protecting capital.That is all I do.

After learning here.Very good advice.

http://www.trade2win.com/boards/psy...08-professionals-vs-amateurs.html#post1278670

I thought it was worth repeating a quote (from John Carter maybe ?) in view of all the discussion lately on 100% and all that. Here it is:

Professionals focus on limiting risk and protecting their capital. Amateurs focus on how much money they can make. Professionals always take money from amateurs.

good trading

jon
 
Apr 3, 2017
3,620
136
Whats the spread at that time of day?
on options 3 , on cash 1 on dax

on dow 4 + 2 on cash

Concentrate on how much you can make , profitable businessmen know others have to make money.If broker makes 6 and I make 20 I am happy , after losses if broker make 12 and I make 20 I am still happy.

Broker spreads avoidance does not always give greener grass results.
 
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