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<blockquote data-quote="wilberforce15" data-source="post: 4758895" data-attributes="member: 5053"><p>You're in way over your head. </p><p></p><p>I understand what you prefer. That's a perfectly fine method for people who don't want to treat this as a job. If you are willing to get a real education and treat it with the seriousness of a job, which I am, then the possible returns blow away any traditional passive investing, or buying and holding. </p><p></p><p>My maximum possible loss on every single trade is known before I make the trade. Risk management is the number 1 job of any trader, and it's the people who don't know that who go broke. I only take things that have at least 10 to 1 reward to risk ratio, based on my perception of the fundamentals and the charts. The reward to risk ratio might mean that I suspect something will double in the relatively near tearm (meaning weeks or months) but I will sell the entire position at a 10% loss no matter what.</p><p></p><p>This is way more complicated than I could ever explain, or care to explain, on Browncafe. Robinhood idiots go broke because they are robinhood idiots and they all deserve it. I have no chance of going broke. There is a 100% chance I'll beat whatever you're holding long term.</p></blockquote><p></p>
[QUOTE="wilberforce15, post: 4758895, member: 5053"] You're in way over your head. I understand what you prefer. That's a perfectly fine method for people who don't want to treat this as a job. If you are willing to get a real education and treat it with the seriousness of a job, which I am, then the possible returns blow away any traditional passive investing, or buying and holding. My maximum possible loss on every single trade is known before I make the trade. Risk management is the number 1 job of any trader, and it's the people who don't know that who go broke. I only take things that have at least 10 to 1 reward to risk ratio, based on my perception of the fundamentals and the charts. The reward to risk ratio might mean that I suspect something will double in the relatively near tearm (meaning weeks or months) but I will sell the entire position at a 10% loss no matter what. This is way more complicated than I could ever explain, or care to explain, on Browncafe. Robinhood idiots go broke because they are robinhood idiots and they all deserve it. I have no chance of going broke. There is a 100% chance I'll beat whatever you're holding long term. [/QUOTE]
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