Did you have a bad experience with stop loss software at some point or care to share about why you consider trusting (trailing) stop loss 100% can be dangerous? What could go wrong? Would like to learn from your experience!
Topic: An example of how NOT to trade - page 2. (Read 4601 times)
@boumalo I agree that manual inspection is always the best, but you have to sleep sometimes
Did you have a bad experience with stop loss software at some point or care to share about why you consider trusting (trailing) stop loss 100% can be dangerous? What could go wrong? Would like to learn from your experience!
Did you have a bad experience with stop loss software at some point or care to share about why you consider trusting (trailing) stop loss 100% can be dangerous? What could go wrong? Would like to learn from your experience!
hella funny LOL
Cool chart! But while you in real life you can’t know what’s going to happen next because you can’t see the full picture of what’s going on. Of course there are some luckies and clever ones, but usually it is so.. 
And those with time machines
Cool chart! But while you in real life you can’t know what’s going to happen next because you can’t see the full picture of what’s going on. Of course there are some luckies and clever ones, but usually it is so..
While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time.
Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading.
Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse
Would you still stay connected if you had a trailing stoploss option ??
You have to go AOK from time to time but just relying on stop losses is dangerous, you need to see why/how the market is moving when it does to know if it is best to hold sell or buy
While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time.
Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading.
Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse
Would you still stay connected if you had a trailing stoploss option ??
While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time.
Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading.
Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse
While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time.
Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading.
While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
I almost fell into this trap on cryptsy yesterday then I remembered this thread, laughed and held off, a few hours later my sell order was triggered not massive profits (only talking like 2-3 mLTC) but still profit is profit right? SO THIS CHART IS THE TRUTH!
The chart shows only part of the truth. There is not a single area showing 'quiet time' with the market moving sideways.
The chart has 19 points:
Which one says "wait for what seems like forever to see how soon the market will finally move" ....?
I almost fell into this trap on cryptsy yesterday then I remembered this thread, laughed and held off, a few hours later my sell order was triggered not massive profits (only talking like 2-3 mLTC) but still profit is profit right? SO THIS CHART IS THE TRUTH!
I can totally relate to that.
so... after .19, is it going to THE MOON ?
Or maybe just go back to 1
so... after .19, is it going to THE MOON ?
Looks like it hahaha
I still have to laugh at how simple this is, but people get it wrong, exactly how its said in the chart/picture...
so... after .19, is it going to THE MOON ?
That chart sums up my first trading experience
If u can foresee the graph, it is always easy to tell...
Chart patterns are often not that clear and simple.
But it looks so obvious once it's too late.
Amen to that brother lol
If u can foresee the graph, it is always easy to tell...
Chart patterns are often not that clear and simple.
But it looks so obvious once it's too late.
If u can foresee the graph, it is always easy to tell...
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