Here's the proper way to exit a losing trade (without pain)

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  • morpheustrading
    Senior Member
    • Sep 2012
    • 131

    Here's the proper way to exit a losing trade (without pain)

    Hey everyone,

    A few years ago, I was a regular poster here and many traders seemed to appreciate my educational trading strategy content.

    I've been gone a while, but just published a new blog post that I think you'll enjoy.

    It's about trading psychology, and focuses on the way I close losing trades.

    Hope you like it: View blog post

    Cheers,

    Deron
  • blindsquirrel
    Senior Member
    • Sep 2014
    • 286

    #2
    It kind of reads like a pump and dump email... promising the headlined info is yet to come "read until the end!" It may have been a good article, but I hate that writing style so much that I stopped reading part-way through sorry. However, I have always wondered why successful traders feel the need to write blogs and sell newsletters. I've done blogging before for one of my businesses and it is really really hard work. If I was a successful trader I'd sure have better things to do. I've always wondered about that one....
    Math doesn't lie, but people do.

    Comment

    • Louetta
      Senior Member
      • Oct 2003
      • 2331

      #3
      Originally posted by blindsquirrel View Post
      It kind of reads like a pump and dump email... promising the headlined info is yet to come "read until the end!" It may have been a good article, but I hate that writing style so much that I stopped reading part-way through sorry. However, I have always wondered why successful traders feel the need to write blogs and sell newsletters. I've done blogging before for one of my businesses and it is really really hard work. If I was a successful trader I'd sure have better things to do. I've always wondered about that one....

      Gosh......

      Comment

      • riverbabe
        Senior Member
        • May 2005
        • 3373

        #4
        This was an easy read for me. I never use stops. So, I never get stopped out. (Welcome back Deron).

        Comment

        • Louetta
          Senior Member
          • Oct 2003
          • 2331

          #5
          My grandfather used to follow Martin Zweig religiously. Zweig always used stops. One interesting sidelight was when a stock was stopped out he dropped it from his portfolio therefore his portfolio always looked great because only the winners remained in the list. (He supposedly was very successful though.)

          Comment

          • blindsquirrel
            Senior Member
            • Sep 2014
            • 286

            #6
            Originally posted by Louetta View Post
            Gosh......
            You've never wondered that?
            Math doesn't lie, but people do.

            Comment

            • Karel
              Administrator
              • Sep 2003
              • 2199

              #7
              Deron, on consideration I think we have given you enough room for publicity. You are free to continue to participate, but not to link to your site.

              Regards,

              Karel
              My Investopedia portfolio
              (You need to have a (free) Investopedia or Facebook login, sorry!)

              Comment

              • antioch6
                Senior Member
                • Apr 2013
                • 411

                #8
                I love how OP comes out with a friendly, kind-spirited post including a link to his blog that he "thinks you'll enjoy", and suddenly BANG BANG

                via Imgflip Meme Generator
                Attached Files

                Comment

                • mrmarket
                  Administrator
                  • Sep 2003
                  • 5971

                  #9
                  He can use links...as long as he clicks on ads...lol
                  =============================

                  I am HUGE! Bring me your finest meats and cheeses.

                  - $$$MR. MARKET$$$

                  Comment

                  • Karel
                    Administrator
                    • Sep 2003
                    • 2199

                    #10
                    Originally posted by mrmarket View Post
                    He can use links...as long as he clicks on ads...lol
                    To clarify, $$$MR. MARKET$$$ and I decided not to allow Deron links to his site.

                    Regards,

                    Karel
                    My Investopedia portfolio
                    (You need to have a (free) Investopedia or Facebook login, sorry!)

                    Comment

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