Follow these two rules to preserve and grow capital | Traders Hideout - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


Follow these two rules to preserve and grow capital

  #10 (permalink)

Georgia, US
Trading Experience: None
Platform: Various
Favorite Futures: Various
josh's Avatar
Posts: 4,966 since Jan 2011
Thanks: 5,269 given, 11,748 received

lax99 View Post
If I thought the market was going to 2000, why risk 5 handles on that? I should have considered buying lower.

Somewhere on the spoos thread, the ever-wise Gary threw some logic at me once that went something like this.

Me: "Hey Gary, I want to buy it at 2000. What do you think?"
Gary: "It's trading 2015 -- if you really think it's going to 2000, why aren't you short?"

It speaks to how I tended to have difficulty going with the flow. If the market's making new lows by the minute, why am I not short? The market is throwing out easy $10 bills. Why am I pushing away a hundred $10 bills, trying to catch the one $100 bill that I think might be coming?

Reply With Quote
The following 12 users say Thank You to josh for this post: