Early Punt ???

[Jimmy1084]

I'm new to this and so far losing far to much. What would happen if you made a mad punt as close to opening time as possible ???? stop loss in place of course.

 

[turtle trader]

You'd lose money - maybe not on your 1st trade, but eventually you'd lose it all.

You need to have a tried & tested plan, before you can expect to make any money trading ... as far as i'm aware, the words 'mad' & 'punt' cannot be formulated into such a plan!

Good luck
Simon

 

[garethb]

Jimmy1084

Understand the market is not a money machine. It will not manufacture money for anyone. For you to gain money somebody else has to lose it. Other people do not enter the market in order to donate money to you.

Somebody gave you a link a few weeks ago to a thread about trading plans. Have you read it yet.? If you read it did you not believe it?

If you couldn't be bothered to read it or thought it was not a helpful reply to your initial post what do you think makes you likely to be a winner rather than a loser. Are you cleverer than everybody else? Go to the beginners threads on learning to trade and on trading plans and put some work in. Or, if you just want to have fun in the market be prepared to donate your money to other people as the cost of that entertainment in the same way you might give money to a casino at the roulette wheel for an evening's excitement.


Sorry if this sounds harsh. It's meant to be helpful, honestly.


Best of Luck


Gareth

 

[ammo]

you must know something about trading or you would not have opened an acct.... your losing money so you are filling with doubt . stop trading there is no such thing as freemoney but every couple of days you will see something that looks like a winner. trade a 1 lot on it take your profit wait for another one when you get your confidence ,,back a very important tool in this business,, then get back in the game. NEVER punt . retreat and live to fight another day