The best thing is to quit before you start losing. The question, "How do you tell the point where you stop winning and start losing?"
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The best thing is to quit before you start losing. The question, "How do you tell the point where you stop winning and start losing?"
When I was an options trader in Chicago I heard of an OLD saying:Originally Posted by kniepm
"It's not knowing when to buy... but knowing when to sell"
Same thing goes here.![]()
Yeah, I just keep setting limits ALL the time. Like now, I am at 430$ on my 100$ deposit. I won't go under 400 no matter what. If I get over 450, well then that's my new limit. And so on.. so far it has taken me from 100 to 400+. Hopefully it will continue like this for quite some time![]()
That's how one of my sons plays.Originally Posted by kryddturken
The only thing is you need an upward swing to do that.
If you're losing then that method won't work.
I hope this method takes you to $4000.oo![]()
My philosophy if I loose too much is: GET OUT OF THERE and come back later. Switching tables might help also.
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