Rules of Trading

[Seth Walsh]

Cut short your losses, let your winners run on.
Don't target profit.
Only bet when the odds are skewed and the downside is survivable.
The trend is your friend, until the end, when it bends.
Trading randomly with stop-losses is smarter than trading intentionally without stop-losses.
Waiting is a big part of the game.

 

[aids]

And flex every win on your IG story.

 

[recessedtexan]

Just buy low sell high bro

 

[Seth Walsh]

And flex every win on your IG story.

No

 

[Patient A]

Just buy low sell high bro

so true queen!

 

[recessedtexan]

so true queen!

View attachment 3962067

They dont teach you this in school

 

[ProBono]

Would you recommend crypto for someone whos already dabbling in normal stocks

Are there any specific benefits of focusing on either

 

[Seth Walsh]

Would you recommend crypto for someone whos already dabbling in normal stocks

Are there any specific benefits of focusing on either

Scan as many markets as you can. Trade anything with market trendiness and control your risk. P&L matters - the name of the market is irrelevant. Look for easy markets to trade and trade them for profit!

 

[Deleted member 144017]

Just buy when it's low price and sell when it's high

 

[Seth Walsh]

Just buy when it's low price and sell when it's high

Just bro

 

[kingofkings]

Don't use high leverage. Even if your conviction is correct, short term variance can still wipe you out.

Don't let emotions ruin your plan. Greed and fear ruin many trades.

 

[Seth Walsh]

Don't use high leverage. Even if your conviction is correct, short term variance can still wipe you out.

Don't let emotions ruin your plan. Greed and fear ruin many trades.

True, leverage is very very risky.

Avoid if you can.

Or really research it. Lots of interesting conclusions about volatility and position sizing can come from researching leverage.

If you use if without being extremely fine rate without having asymmetric upside risk, you’re sure to blow your account in just a few trades, let alone blow it over a few dozen.

Good warning! It’s still a tool that has a special place. A scalpel, not a magic wand.

 

[Patient A]

Don't use high leverage. Even if your conviction is correct, short term variance can still wipe you out.

Don't let emotions ruin your plan. Greed and fear ruin many trades.

This is basically the best advice here.

Leverage will rape you eventually

 

[poloralf]

Cut short your losses, let your winners run on.
Don't target profit.
Only bet when the odds are skewed and the downside is survivable.
The trend is your friend, until the end, when it bends.
Trading randomly with stop-losses is smarter than trading intentionally without stop-losses.
Waiting is a big part of the game.

indeed my child

 

[Frogooboi]

Someone send me a yt vid on how to daytrade

 

[Sachlichkeit]

Cut short your losses, let your winners run on.
Don't target profit.
Only bet when the odds are skewed and the downside is survivable.
The trend is your friend, until the end, when it bends.
Trading randomly with stop-losses is smarter than trading intentionally without stop-losses.
Waiting is a big part of the game.

Rule #1

Don’t trade

Trading is gambling, there is only a fixed amount of money you can steal from people and the professionals that do it for a living are better at stealing than you are.

Why tf would I want to compete with citadel hedge fund 300 quants from my room by myself for a living.

Every form of information regarding trading directed to retail investors is designed to rinse them.

If you are going to play a game where there’s a high probability of losing, the rational solution is to not play.

If the failure rate for something is 97% and you say, “oh yeah but I’m different.” Ur retarded. U want to make life easier for yourself, not harder.

 

[trueogrekal]

Scan as many markets as you can. Trade anything with market trendiness and control your risk. P&L matters - the name of the market is irrelevant. Look for easy markets to trade and trade them for profit!

What is this guy on