OmniTrader Professional Forum : Trade Plans In Strategies : When do you pull the trigger?

You are currently browsing as a guest.
You should logon to access more features

A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.

Current location		Thread information
OmniTrader Professional Forum Trade Plans In Strategies When do you pull the trigger?		Last Activity 1/17/2022 3:59 AM 3 replies, 1684 viewings

Jump to page : 1
Now viewing page 1 [25 messages per page]

< Previous Thread :: Next Thread >

Printer friendly version

^ Top

gnorthern

New User

Posts: 1

Joined: 8/28/2021
Location: Salem

User Profile

Subject : When do you pull the trigger?
Posted : 8/28/2021 12:04 AM
Post #31584

You feel 100% comfortable with the software, you have a system (both software and intuition) that seems to work.

When do you decide to use your system in real life?

[Edited by gnorthern on 8/28/2021 12:05 AM]

^ Top

Perry

Member

Posts: 5

Joined: 4/19/2012

User Profile

Subject : RE: When do you pull the trigger?
Posted : 8/28/2021 8:39 AM
Post #31585 - In reply to #31584

You are asking "When do you decide to use your system in real life?" You are NOT comfortable with something! I would suggest you paper trade and verify it makes a profit. When you ARE comfortable that your system makes a profit, you will then be comfortable trading your system.

It's very simple, if you are not comfortable, you do not have confidence in what you are doing. Since that appears to be the case, do NOT trade until you are comfortable. If you Never get comfortable you should not trade.
Hope that helps,
Perry

^ Top

Jim Dean

Sage

Posts: 3433

Joined: 3/13/2006
Location: L'ville, GA

User Profile

Subject : RE: When do you pull the trigger?
Posted : 8/28/2021 8:53 AM
Post #31586 - In reply to #31585

Perry's advice is both excellent and practical.

I'd add that you should NEVER trade with money that you can't afford to "throw away". Nervousness about permanent loss of capital and its impact on your present or future lifestyle/needs will cripple your trading decisions.

^ Top

Diamondjag

Legend

Posts: 404

Joined: 3/12/2006
Location: Brighton, Colorado

User Profile

Subject : RE: When do you pull the trigger?
Posted : 8/29/2021 10:59 AM
Post #31587 - In reply to #31586

This thread made me think of one of my favorite trading quotes. It comes from option legend (Think or Swim / Tasty Trade) - Tom Sosnoff:

"The single biggest threat to anyone financially is simple - it's a lack of understanding and know-how, it's an aversion to risk, and it's a lack of decision making confidence."

If anyone examines their problems with trading, it will fall under one of these items.

Jump to page : 1
Now viewing page 1 [25 messages per page]

< Previous Thread :: Next Thread >

Legend			Action		Notification
Administrator Forum Moderator	Registered User Unregistered User		E-Mail this thread to a friend		Toggle e-mail notification

For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.