Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- The NexusFi team
(If you already have an account, login at the top of the page)
So being comfortable with uncomfortable is what gets me into trouble. I am glad it’s working for you but a lot of us need to focus on risk management and keeping the RR correct. I am not constantly profitable so I want to make sure I am not coming across authoritative in any way.
Firstly I'm a long only stock swing trader. (I fund my lifestyle with trading)
Here is how I look at it.
I expect every trade to be a loser. So I'm not really disappointed when my stop is hit.
Capital preservation is my number one priority. Keeping losses small is one way of preserving my capital.
I do concentrate on R/R. With my low win rate I have to have a pretty healthy R/R to make any money.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Never counter trend until a major support fails! This is tantamount! Always stay with the current trend. If a major support fails, then it is time to look for a trade in the opposite direction.
When I'm comforable or NOT anxious with a trade, that's usually an indication that I'm confident with my trade. This means I expect certain outcome and I'm likely to be stubborn i.e not taking my loss.
When I'm anxious, that's because of the uncertainity. That's a good start for any position.
