I doubt that very much and definetely not so in my case.Buster said:Hey Debaron..
(250K is probably chicken feed for most of the posters here) .
250K is not chicken feed for anyone - you'll find that many more talk the talk than actually walk the walk.Buster said:(250K is probably chicken feed for most of the posters here)
MichaelD said:250K is not chicken feed for anyone - you'll find that many more talk the talk than actually walk the walk.
I've been lurking in these forums (generally don't feel qualified to post due to my lack of real stockmarket experience..) for some time, and had formed the impression that many here at ASF were quite advanced and talking big dollars.. like the sort of dollars I to aspire to aquire someday, but sadly have a way to go yet..nioka said:I doubt that very much and definetely not so in my case.
Buster said:Apologies..
I've been lurking in these forums (generally don't feel qualified to post due to my lack of real stockmarket experience..) for some time, and had formed the impression that many here at ASF were quite advanced and talking big dollars.. like the sort of dollars I to aspire to aquire someday, but sadly have a way to go yet..I't funny how you can form a mental image from what you read, and sometimes be off the mark..
Didn't mean to cause any offence etc..
Regards,
Buster
And alot of us walk the walk but only slowly amble along and enjoy the scenery.MichaelD said:250K is not chicken feed for anyone - you'll find that many more talk the talk than actually walk the walk.
That would be the ones who will enjoy the fruits of success in time.nioka said:And alot of us walk the walk but only slowly amble along and enjoy the scenery.
Having a $250,000 pot is a lot different to $250,000 being chicken food as suggested earlier. There is no more or less need to take risks because of the size of the pot. It all depends on your objectives. At my age (74) I don't want long term investments. As I said, I want to enjoy the scenery. Last year my investments bought me a new car, a modest cabin cruiser and let me enjoy life and not eat into my capital.MichaelD said:That would be the ones who will enjoy the fruits of success in time.
But just a further comment on a 250K pot to play with, Buster - there is a much higher likelihood of survival with such a decent stake, mainly due to the fact that higher risks are not needed to be taken as is the case with smaller stakes.
nioka said:Having a $250,000 pot is a lot different to $250,000 being chicken food as suggested earlier. There is no more or less need to take risks because of the size of the pot. It all depends on your objectives. At my age (74) I don't want long term investments. As I said, I want to enjoy the scenery. Last year my investments bought me a new car, a modest cabin cruiser and let me enjoy life and not eat into my capital.
I have seen people with a much better stake than $1m lose the lot.
Generally the smaller the size of the pot, the greater the greed and ego of the newbie trader, which pretty much guarantees failure. "I have $10,000 and I'm going to trade futures and/or options and make a million dollars a year. Boss, take your job and...".nioka said:There is no more or less need to take risks because of the size of the pot.
I have seen people with a much better stake than $1m lose the lot.
coyotte said:I go along with what Nick Radge ideas on Profit/ Loss Ratio vs Win%
As the bulk of my trades are initated by Triangles or Flags I,m in the 70/80% S/R area , hence the edge is my way Cheers
StockyBailx said:I suggest that moving averages are also very important. As they make up the stocks body language. Combined your RSI Relative Strengh Index with CMA- Crossover Moving Average. CPMA- Classic Penatration Moving Average. MACD- Moving Average Convergance Divergance and MVA- Moving Volosity Average are the perfect rule to sucessful trading.
I have recently discovered that using Bollinger Bands and Certian values, can be great assistance in analyising a stock based on face value, To understand your trade, its trend and to know when to buy or sell is very Important to me.
I find these methods of analyisis are very sucessful and can give you the upmost convidance in your trading. Almost full proof I think.
Porper said:I can't ever imagine having a 80% success rate ( I don't disbelieve you ).I don't trade many triangles etc. as I don't have the software, if I come across one I will maybe try if price action is correct, but 80 % is high.
I think I read that you have a 1:1 risk/reward ratio (maybe mistaken here)which would explain the high success rate.
Of course Nick Radge does say that the win/loss ratio is the most important, and not the win percentage, but with that combination you will be very profitable.
What software do you use to find your patterns ?
nioka said:Last year my investments bought me a new car, a modest cabin cruiser and let me enjoy life and not eat into my capital.
Try taking your investments with you.Slick Rick said:"He who dies with the most toys wins."
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