Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

BabyT

Members
  • Content Count

    4
  • Joined

  • Last visited

Personal Information

  • First Name
    TradersLaboratory.com
  • Last Name
    User
  • City
    Bangkok
  • Country
    Thailand
  • Gender
    Male

Trading Information

  • Vendor
    No

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. BabyT

    Dear Db

    Thank you very much. DbPhoenix. Have a good day.
  2. BabyT

    Dear Db

    DbPhonix I just read an article from one proprietary trader in my country. His style is daytrade and as I know he can make money in his career for a long time. He said that his method begin with 1. find the exit point 2. calculate risk/reward 3. find the entry point and think about contract quantity................ He think much about risk, and think lesser about entry method. He take many rounds in a day. ......................... I feel that with your teaching, we trade with the price behaviour. We enter when price show some behavior that we've test and research. We exit when price move to the exit point of our plan. You don't teach much about risk even though I remember that you've talk about Mamis's book. .................... Could you please give some comment about this trader's method above. Thank you very much, Sir. Risk management is built into the SLA: exit when the line is broken. If stopped out of two successive trades, stop trading. Re this trader's method, it's too general to comment on, e.g., "cut your losses short and let your profits run". None of that answers the question of "how". If he's taking "many trades in a day", he's probably scalping, and the SLA is inappropriate for scalping as it makes as few trades as possible, preferably one or two.
  3. BabyT

    Dear Db

    Thank you very much. DbPhoenix I will do it.
  4. BabyT

    Dear Db

    DbPhoenix. Now I am practising SLA with single stock futures in my country, by trade 1 contract with real money. 1. Could you please recommend some criterions that I should get before I add another one contract. .............. My problem in SLA now is lacking discipline in entry and exit. I often open position too quick and fear to hold position so I get out quickly too. I think too much about profit and loss. But I still try to correct it. And any day that I can follow my plan. My day is often positive. ............... Thank you very much. Apologize with my poor English. Well, first, nail down your understanding of the approach, then nail down your application of it. If you can't do both, worrying about size is a waste of time and effort. Once you can do both, when to increase size will become obvious.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.