MoneyTec Traders Community Forum - View Single Post - know when to hold them, know when to fold them?

eternalfuture · 27-10-2003, 00:45

Fire580,

If you have a system, and if you trade based on your system, then I don't think there's a reason of not following the signals.

If you skip the signals, what would be the use of your system, then?

About quitting after winning, I don't see any good reason for doing it. But that's my opinion. I prefer to trade and keep on trading as long as there are opportunities to take. If there's none, then never mind trading.

On the other hand, there's a good reason for me to quit trading for a while after a losing streak. Losing, to some people, creates frustration. Losing streak could damage your objectivity.

For this reason also, consecutive losses can be used as an indicator of system performance.

Hope this helps.

27-10-2003, 00:45	#2
eternalfuture Padawan Join Date: Aug 2003 Posts: 892 Downloads: 0 Uploads: 0 Rep Power: 0	System Fire580, If you have a system, and if you trade based on your system, then I don't think there's a reason of not following the signals. If you skip the signals, what would be the use of your system, then? About quitting after winning, I don't see any good reason for doing it. But that's my opinion. I prefer to trade and keep on trading as long as there are opportunities to take. If there's none, then never mind trading. On the other hand, there's a good reason for me to quit trading for a while after a losing streak. Losing, to some people, creates frustration. Losing streak could damage your objectivity. For this reason also, consecutive losses can be used as an indicator of system performance. Hope this helps.