QUOTE(kueyteowlou @ Oct 17 2012, 10:41 PM)
I will set myself selling for batches...
let's say if i buy 1 counter for 800Lots..
first batch 300, second 300, third 300.. other let it run profits...
different ppl got different playing style lo... depends...
eh today didn't see magika 1 geh?
Yes, of course, different ppl do it differently but we are here to share opinions.
Ok, selling in batches. Yes and no.
Yes, when the batches are sold when they needed to be.
NO, necause such a strategy invites 'no need think' mindset from the trader/investor.
You will hear a trader/punterl say I bought the stock at 1.20. Ok, at 1.60, this is good stuff already.
They sell, first batch x lots, second batch x lots etc etc.
Seven months later the stock hits 2.20.
How sound is this selling in batches strategy?
Did the trader/punter sell just because of the selling sake?
Or would the trader/punter be better off by waiting more patiently, ie wait for the right sell signal instead of selling based on TPs?
I believe buying in correctly is very important.
Waiting to sell at the right time is just as important.
Selling for the sake of selling is simply CUTTING your profits short.
In trading, no matter what strategy you want to use, this is not ideal.
You want to cut your losses short and let your profits run.
Do you evaluate your trading profit/loss?
Do you notice that one can get away with many losses, provided that one keep their losses small?
And the few times, when they win, they MUST win it big.
Winning x amount and also losing the same x amount everytime is not a profitable strategy in the long run.
Anytime the winning amount cannot be substantially higher than the losing amount, the bets just can't make sense.
Count the math.
It's like betting the favourites strategy in a football match.
If win, say you win 70 sen out of the dollar bet.
Lose, you lose the dollar.
Win 10 times, you win only 7.00.
Lose 7 times, you lose 7.00.
Use real example.
For EPL season 2009, Chelsea won the league.
Strategy for 2010, bet on Chelsea to win their league matches.
For EPL 2010-11, Chelsea came in seond with 71 pts.
Out of 38 matches played, they won only 21.
A winning percentage of only 55%.
Winning 21 matches, means you win 14.70.
They did not win 17 matches (8 draws + 9 losses), means you lose 17 dollar.
Ok example ah?
My one sen male chicken talk la or my early morning wind....
It doesn't matter what chicken you are but when the chicken needs to cross the road, it needs to cross the road.
Oct 17 2012, 10:14 PM
Quote
)
0.0457sec
0.30
7 queries
GZIP Disabled