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RE: NEVER LOSE A TRADE AGAIN

in #trevonjb7 years ago

If you knew anything about trading you would know never losing a trade again is a mathematical impossibility. What is important is risk management, calculating position size to keep risk constant across all trades, finding a system that gives you an edge and offers a positive risk:reward ratio. This is why I trade harmonic patters using elliotwave theory. Each pattern has a well defined risk:reward ratio typically greater than 1:3 and a statistical edge greater than 60% that it will hit the patterns traditional targets. This means over many trades 40% of the time I will be stopped out and lose some money, but 60% of the time my trades will hit my target price and when it does I will make at least 3x what i risked. Position size is also extremely important, you never want to risk more than 2% of your capital on any one trade. To do this you divide 2% of your capital by the pip distance between your entry and stop. This will give you your position size and will ensure that on any trade the most you can lose is 2% of your capital. Moving averages are made to help determine market sentiment and determine support/resistance levels, they are lagging indicators and should not be used as a stand alone system. You have either disillusioned yourself into thinking you know what you are talking about, which you clearly don't, or you are taking advantage of the fact that most of your viewers no nothing about trading and you can get away with feeding them this bullshit. Either way if someone follows your advice here they are gong to be broke before they know what hit them. I've been trading and researching finance for 20 years, and have never seen some as clueless as you trying to teach.. "Never lose a trade again" hahaha what sensational bs.. I feal bad for a the people in the comments who think they just learned something useful and I hope if they are really interested in trading they will seek out someone who at least has a basic understanding on how its done.

If you want to learn a bit about a complete trading system that actually works from someone with over 20 years in the market check my signal service series. I produce at least 1 trade every weekday where i identify price patterns which will give you a statistical edge and break down everything you need to know in order to trade the set up.

https://steemit.com/money/@forexshark/steemit-s-first-signal-service-forex-and-crypto-day-3-public-signals

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"..check my signal service series. I produce at least 1 trade every weekday where i identify price patterns which will give you a statistical edge.." << All THAT SPAM for a SALES Pitch of his own on the STEEMITJEZUZ's post.. DNA demonstrated.

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