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Veritas2000

13,697 Posts.

1099

08/09/23

10:02

Post #: 69781012
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Originally posted by Endless: ↑

Morning all. The trick as always (imo) is not to just focus on making $$$s but on not losing $$$s. At the EoD that's more important. There's been quite a few winning trades lately (ACM over 30c) that a trader would not really be on under normal? circumstances. Punters might have made $$$s on that one but you would have been breaking some long term rules about safe trading. Usually Mr Market will come back and bite you on the bum if you try it too often.

So even if things are getting a bit tight you still need to trade within the lines. Some peeps get away with it forever, others get smashed the first time they veer off course. I can tell you from harsh experience that when you have realised you have stuffed up and a monster loss appears it is quite a big shock.

There's still $$$s to be made out there atm but keep the risk profile well in hand. imo

Happy Trades (not Unhappy Trades)

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this could almost apply
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