tag:blogger.com,1999:blog-8542537863090327723.post6811505164989381814..comments2023-11-02T20:03:23.846+08:00Comments on Risk Management: FAT 8023 4th week, FridayFat88Traderhttp://www.blogger.com/profile/17220174897173156744noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8542537863090327723.post-84069555578976476462012-09-14T13:36:52.884+08:002012-09-14T13:36:52.884+08:00that is also why i believe, and in my opinion good...that is also why i believe, and in my opinion good traders always have fear of missing a trend. and they (not me) will always try to get in (a position).<br /><br />while not so good trader (like me) will just stay side line and watch, especially after they had cut their losing positions.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-14375516627302483942012-09-14T13:26:25.087+08:002012-09-14T13:26:25.087+08:00understand but..
in a nut shell (don't know i...understand but..<br /><br />in a nut shell (don't know i use it correctly or not), as a position trader, what is important is the positions ofcos.<br /><br />yes, we must control our losses but more important is our profit and profit can only dereive from having position. no position, no profit.<br /><br />protecting my position is most of the time more important than take our losses and run.<br />coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-21704529292200909352012-09-14T12:33:32.656+08:002012-09-14T12:33:32.656+08:00Yes, using stops as force entry is a good choice t...Yes, using stops as force entry is a good choice too.<br /><br />The reasons for using stop is to limit our losses, we will be wrong in our judgement some of the time and the chart fail us too.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-12305594545017050502012-09-14T12:24:08.156+08:002012-09-14T12:24:08.156+08:00if one is insisting of using stops for force exit,...if one is insisting of using stops for force exit, he should use it as force entry (a position) as well.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-30446724352825947552012-09-14T12:16:11.085+08:002012-09-14T12:16:11.085+08:00yes i agree, we can't control market volatili...yes i agree, we can't control market volatility but we certainly can control ours. there are many ways to do it and not just using stops.<br /><br />as far as stops, it means "limit" to me, and i never want to be close to the limit i can trade, there is no room to move!<br /><br />certainly, in position trading, you don't want the market to push you to your breaking point/limit all the time.<br /><br /><br /><br /><br /><br />coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-25813133115450076672012-09-14T12:07:34.075+08:002012-09-14T12:07:34.075+08:00unless one is willing to change the entry and stop...unless one is willing to change the entry and stop orders all the time, based on market movement.<br /><br />i don't believe in "fix" entry and exit point, based on fundalmental or technical analysis.<br /><br />i "moves" according to current market conditions, price is my only indicator. no price are too high or too low, yesterday prices are all history.<br /><br />but like all traders, i too have opinion you know haha.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-46379562519210638162012-09-14T11:58:55.744+08:002012-09-14T11:58:55.744+08:00Where to put the stops also depend on the volatilt...Where to put the stops also depend on the volatilty of contracts you are trading and how much pain a trader can endure.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-53861785151949236812012-09-14T11:34:27.216+08:002012-09-14T11:34:27.216+08:00that was fast haha!
one news and all positions &q...that was fast haha!<br /><br />one news and all positions "collapes"! in this situation i think you did well.<br /><br />i have a different view on stops. they are used only when i cannot control the situation. and they usually deployed further away from my exit point.<br /><br />i usually will exit manually, cos in a running market, exit or entry point changes all the time.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.com