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Super Contributor
I am finding it really difficult to trade at the moment. The market doesn't seem to know what it wants to do. Even Garth Mackenzie was saying the same thing on Traders corner. Even when there are breakouts there is just no follow through. He advises doing nothing for a while ie. no trading and just preserve your capital. That's easy to say but what do you do when your dopamine levels get low-where do you get your fix? Anyone else finding it difficult?
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Valued Contributor
try bungy jumping
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Super Contributor
Russ, Winners know when to stop.
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Super Contributor
Try some road running.
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Super Contributor
Grab your rod and go fishing, alternatively feed Simon to the sharks.
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Super Contributor
I wouldn't do that, I like sharks.
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Super Contributor
Go *****ing... err (typo) walking
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Super Contributor
try tradingh the ALSI...
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Regular Contributor
@ram, Speaking to oneself really helps.
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Super Contributor
I don't think investors are any better off. The alsh is still lower than it was on 25 April 2015, so in 13 months it has gone nowhere(down even more after taking into account inflation).
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Super Contributor
ja, well, you and preston have taken that to a literal level
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Super Contributor
Russ, on a serious note, before my aspen profit , I was only R8800 up in my trading account. (1 Jan 2016 to current).The market is indeed a good teacher but R8800 does not begin to justify the time and energy that went into planning /executing and exiting the trade.
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Super Contributor
Most of my losses have been caused by "Black swan event" coupled that with Volatility then this is taking trading to another level. It is for that reason, that I decided to liquidate my trading portfolio and I have transferred the cash out of my SBK online account.
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Super Contributor
Here is a tip!!!!.. Now I do not have to worry what the yen is doing against the dollar.
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Super Contributor
you mean Preston and Preston.
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Valued Contributor
what "Black swan event" ?
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Super Contributor
if you itching to play risks, take your risk amount you actually trade with and go to the casino. both ways u will lose in this market so might as well not do it alone in front of a computer.
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Not applicable
breakout trading is notoriously unsuccessful. Lots of documented studies on this. The original breakout traders - the Turtles - boasted like 30% success rate, or something like that. They looked for the big trades to make up for the failures and drawdowns. Some folk have actually implemented 'short the breakout' strategies - capitalising on the overwhelming likelihood of a 'breakout takeout'. Anyways, we have just been spoiled over the last few years of not having to deal with extended range bound markets. But lots of strategies on how to trade ranges. Just do the opposite of what your heart / nerves tell you
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Super Contributor
Just do the opposite of what your heart / nerves tell you OR i could do nothing till i FIO? this take-a-chance tradin dunnit work furr me.
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Super Contributor
trading without a stop loss
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