I explained how I trade in endless tweets
1) I NEVER go max size (1R risk) on a parabolic move (long or short) unless I get a blowoff or a pullback once Im in the money. In fact my buddy & I were on Voxer yesterday BEGGING for a blowoff so we could add the remaining portions.
1) I NEVER go max size (1R risk) on a parabolic move (long or short) unless I get a blowoff or a pullback once Im in the money. In fact my buddy & I were on Voxer yesterday BEGGING for a blowoff so we could add the remaining portions.
https://twitter.com/IHaveBorrows/status/1496960240272687104
That's why a lot of times, when a move goes directly in my favor without a pullback or bounce, you see me tweet/complain "fuck, I was only on starter size" or "fuck, I didn't get to add the rest" etc. I ALWAYS break up my orders & drop Mjolnir only when EVERYTHING lines up
2) I never EVER sell naked. Im always doing spreads (or buying naked), this way my max loss is ALWAYS fixed. And if u know me then u know that the moment I take on a trade I already expect the trade to fail. in short, I mentally take the loss before it even happens
3)I never let a losing trade or day erase more than a week of gains. FUCK that. So I always size appropriately so that worst case scenario I give back a few days or prev wins. Lot of u fuckers oversize SO much that u become scared to pull the trigger or revenge trade after losses
anyway none of this is new so im probably boring the OG guys to death. Search my old threads. My rule of thumb is "if u cant call ur friends & laugh/crack jokes at a loss, u're trading WAY too big". Risk management is the cornerstone of everything I do.
#BearTIpOfTheDay
#BearTIpOfTheDay
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