New traders are under the infantile impression that one trade breaks the bank and have never heard the term STOP LOSS.
They have a GREAT DEAL TO LEARN and unlikely to make any monies in trading and be the 90% losing traders they are.
This R:R 2.74:1 trade eats up a 1 loss. (this excludes the earlier R:R 7:1 win on Bitcoin)
ONE LOSING TRADE IS INSIGNIFICANT AS WE HAVE WINNERS THAT EAT THIS UP ALL THE TIME.
NEW TRADERS STRUGGLE WITH THIS BASIC UNDERSTANDING.
THey have never traded before and therefore HAVE DIFFICULTY UNDERSTANDING THAT THERE IS NO SUCH THING AS 100% WINNERS.
TRADING IS ABOUT WINNERS AND LOSERS - OVER A SERIES OF TRADES WE AIM TO BE NET POSITIVE
Professional Advice: What value do these non-traders (99% the time 0 analysis and 0 followers) provide TO YOU except jealousy and hate and abuse?
Do they provide anything that helps you find winner trades that will grow your capital or help you learn trading?
Note their SILENCE on winners conveniently ignoring these as they crawl back from underneath their rock.
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We answer our critics by conducting ourselves as professional adults consistently showing our NET trading performance not by stooping down to their infantile behaviour they display through lack of trading knowledge and experience. The children need to be taught how to conduct themselves in public.
They will inevitably become the statistically proven 90% of losing traders.
p.s note their silence now
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ETH is starting to show some life for those interested...
Thank you for all of your contributions! The fact that any professional trader would post so many of their charts for free just amazes me, and I greatly appreciate how you cut to the chase. Thanks again.
PS.. The best way to answer trolls is not at all. Don't even acknowledge them, brother, it just eggs them on even further.
UnknownUnicorn1063189
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@zombeeks, Thank you, @zombeeks. Whilst this is true what you say i feel it is important for other impressionable new traders not to listen to their rhethoric as at the end of the day the trolls no zero about trading.
I agree it eggs them on but at the same time traders need to be informed the RIGHT WAY, which as a Professional I teach:
1. NET GAME: When they jump on one single loser ignoring all the winners other new traders need to be informed trading is a NET GAME. Trolls dont understand the game of trading.
2. STOP LOSS: In addition, they also do not understand the basic concept of STOP LOSSES. Stop losses protect us and while the chart may show price blowing up WE ARE OUT OF THE TRADE and have had only taken a negligble loss, which we recover from a winner. New traders just hold on and hold on and never even use stop losses hoping price will turn (inevitable it doesnt)
These are all things new traders must learn and the losers (like these trolls) have difficulty understanding and nerv will.
So it's important to also speak up when INCORRECT information is given to the majority of newer traders from they trolls who haven't even take their first trade.
finsIe
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I sold all my neo at a 20% profit and bought ltc. NEO going down hard, ltc pushing with btc up and up and up les gooooooo
We answer our critics by conducting ourselves as professional adults consistently showing our NET trading performance not by stooping down to their infantile behaviour they display through lack of trading knowledge and experience. The children need to be taught how to conduct themselves in public.
They will inevitably become the statistically proven 90% of losing traders.
p.s note their silence now
yeders
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Hi Sean
I thought your stop was ~50 as shown in this post: , not the $48 that you indicate in the chart here and the date of the 6th October.
I consequently was stopped out on that first trade.
Why did you change this, or was this another trade that I missed?
Thanks
abdoos
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@yeders, I didn't close this trade at 48 as I was setting on my PC and observing the market wide dump. I bought more at 48.5$ as it seemed to me a squeeze and indeed it went back to the 50s in no time. So glad I'm still on this trade. just closed it at 59$
yeders
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@abdoos, nice good one. @SEAN_VENGAN - sorry I didn't tag you initially. Curious to know as your stop losses usually aren't very discretionary.
ibacus
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@yeders Good question, and i notice he hasn't replied? Based on original SL posted, this definitely isn't a winner.
PS.. The best way to answer trolls is not at all. Don't even acknowledge them, brother, it just eggs them on even further.