Posted by fluffycone on 23rd of Apr 2024 at 12:49 pm
1. What are examples of "Objectives"?
2. What are examples of "Risk Tolerance"?
When I hear these questions, I feel like a deer staring into the
headlights.
You are correct that you guys have been providing many hours of
tidbits (nuggets), but I seem to never be able to glue the
tidbits together into a working solution. I did post a process
earlier to see if I understood how to leverage the KISS STS tables
correctly.
BTW, I am using Investopedia Simulator and I can say that I have
blown up that account a few times. LOL!!
One reason you have likely blown up that account is you have yet
to establish a PLAN that incorporates a systematic approach
including valid reasons for entry such a valid support and
resistance and/or valid patterns (followed by triggers), realistic
targets and appropriate stops levels.
No, I haven’t blown up my plan. I have made almost 20k in
profits the last two days. I have paid for this service for over
ten years and followed it pretty closely, but you’re right, I
struggle with developing a plan. And you’re right , I tend to
swing too hard and too fast, then react. Also I am a swing
trader, not a day trader, so interpreting day trade comments and
trying to convert them to swing trade action is a bit difficult.
I am using IRA money and have to respect the 2 day
restriction on selling. Per our DUST/GDX example, maybe I can learn
to enter and exit in increments so that I have more flexibility in
timing and can make more gradual shifts instead of too much all or
nothing. I have learned a lot from you, but not enough, and I tend
to trigger you when I ask a dumb question. Sorry for that. I’ll
work on it.
Investopedia Simulator?? I don't know what that is and have
never looked at it, what are you simulating or doing with it,
unless you gave exact details or some examples of that I can't make
any comments or give any feedback at all to that
Posted by fluffycone on 23rd of Apr 2024 at 06:04 pm
I am using a Free Paper Trading Account to better understand and
practice these concepts demonstrated on BreakpointTrades. I
think schools use this website to teach student about the stock
market and trading. So when I blow up my account, it is just a fake
account. No real money is being used.
I know better than to go to Vegas and Play Poker against poker
professionals with real money. I will lose every time.
1. What are examples of
Steve, Is it a good time to sell DUST?
Posted by fluffycone on 23rd of Apr 2024 at 12:49 pm
1. What are examples of "Objectives"?
2. What are examples of "Risk Tolerance"?
When I hear these questions, I feel like a deer staring into the headlights.
You are correct that you guys have been providing many hours of tidbits (nuggets), but I seem to never be able to glue the tidbits together into a working solution. I did post a process earlier to see if I understood how to leverage the KISS STS tables correctly.
BTW, I am using Investopedia Simulator and I can say that I have blown up that account a few times. LOL!!
One reason you have likely
Posted by steve on 23rd of Apr 2024 at 01:07 pm
One reason you have likely blown up that account is you have yet to establish a PLAN that incorporates a systematic approach including valid reasons for entry such a valid support and resistance and/or valid patterns (followed by triggers), realistic targets and appropriate stops levels.
No, I haven’t blown up
Posted by mdgfain on 23rd of Apr 2024 at 02:44 pm
No, I haven’t blown up my plan. I have made almost 20k in profits the last two days. I have paid for this service for over ten years and followed it pretty closely, but you’re right, I struggle with developing a plan. And you’re right , I tend to swing too hard and too fast, then react. Also I am a swing trader, not a day trader, so interpreting day trade comments and trying to convert them to swing trade action is a bit difficult. I am using IRA money and have to respect the 2 day restriction on selling. Per our DUST/GDX example, maybe I can learn to enter and exit in increments so that I have more flexibility in timing and can make more gradual shifts instead of too much all or nothing. I have learned a lot from you, but not enough, and I tend to trigger you when I ask a dumb question. Sorry for that. I’ll work on it.
That was a reply to
Posted by steve on 23rd of Apr 2024 at 02:46 pm
That was a reply to Fluffy post where he stated he blew up his account via simulator - not to you, so please review closely to avoid any confusion.
Ok. Thanks. Sorry for the
Posted by mdgfain on 23rd of Apr 2024 at 04:27 pm
Ok. Thanks. Sorry for the confusion. It was under my heading on the Community post, and I didn’t open the whole chain. I have been working.
Objectives - what are you
Posted by steve on 23rd of Apr 2024 at 01:01 pm
Objectives - what are you attempting to accomplish in terms of gains on your portfolio. Just broadly speaking.
Risk Tolerance - how much are you willing to risk to obtain your objectives.
A specific example would be on a trade - what percentage gain are you looking to achieve? What are you willing to risk to meet that target?
Investopedia Simulator?? I don't know
Posted by matt on 23rd of Apr 2024 at 12:53 pm
Investopedia Simulator?? I don't know what that is and have never looked at it, what are you simulating or doing with it, unless you gave exact details or some examples of that I can't make any comments or give any feedback at all to that
I am using a Free
Posted by fluffycone on 23rd of Apr 2024 at 06:04 pm
I am using a Free Paper Trading Account to better understand and practice these concepts demonstrated on BreakpointTrades. I think schools use this website to teach student about the stock market and trading. So when I blow up my account, it is just a fake account. No real money is being used.
I know better than to go to Vegas and Play Poker against poker professionals with real money. I will lose every time.
Investopedia Simulator (Paper Trading Account)
https://www.investopedia.com/simulator/
investopedia.com
Simulator - Investopedia Stock Simulator
just play small. Until you
Posted by steverobin on 23rd of Apr 2024 at 06:47 pm
just play small. Until you have skin in the game you will not know how you feel when your position is challenged