tag:blogger.com,1999:blog-30128229.post8869960362570666063..comments2023-09-30T07:11:55.493-06:00Comments on MarketFN.com: Part II - The Basics: Some Ways to Cut LossesInvestment Househttp://www.blogger.com/profile/14771320644915759241noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-30128229.post-15818655250502567722009-09-08T13:39:53.966-06:002009-09-08T13:39:53.966-06:00Thanks, Joe. We absolutely love Ireland. Even the ...Thanks, Joe. We absolutely love Ireland. Even the rain hasn't deterred us. What a magnificent land.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-72799877491030248062009-09-08T11:32:38.856-06:002009-09-08T11:32:38.856-06:00Bill,
I very interesting article.
I do hope that y...Bill,<br />I very interesting article.<br />I do hope that you are enjoying your visit to Ireland, even though our weather at the moment is pretty poor.Joe Walshnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-34578655758155393252009-09-08T07:17:06.840-06:002009-09-08T07:17:06.840-06:00Thanks, Nona.
Bill KraftThanks, Nona.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-59760805653573505222009-09-07T12:37:02.789-06:002009-09-07T12:37:02.789-06:00And some people are lucky enough to have found you...And some people are lucky enough to have found your blog!~ Nonahttps://www.blogger.com/profile/04365667143864520037noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-6112753490838009222009-09-06T19:06:00.039-06:002009-09-06T19:06:00.039-06:00Thanks, Anonymous. In addition to luck and persist...Thanks, Anonymous. In addition to luck and persistence, I definitely would add the acquisition of knowledge. Together they can take us a long way toward successful trading.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-15189620336463419472009-09-06T19:04:59.911-06:002009-09-06T19:04:59.911-06:00Sorry, Lorey, I did not mean to make the idea of l...Sorry, Lorey, I did not mean to make the idea of losing a trade an uncommon occurrence. It certainly isn't and even very successful traders can lose 50% of the time. Even losing that much, however, one who manages money skillfully and pays attention to reward to risk ratios can do quite well. Some time ago I wrote a Newsletter article demonstrating how one can lose 70% of trades and still make a profit using the appropriate reward to risk methodology. I would only disagree with your statement that it takes many years to learn that losses should be cut while still small. In my own career, out of pure necessity if nothing else, it was a lesson learned fairly early. As I have written before, we pay to learn trading one way or the other -- either we pay for an education or we pay through the losses. Thanks for your comments.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-4413815627363851872009-09-06T19:02:03.312-06:002009-09-06T19:02:03.312-06:00To Anonymous who complains that you have been a &q...To Anonymous who complains that you have been a "client" for three years and have never gotten an email advising a sale. Clearly, you are not a subscriber to any of the subscription services (for which clients pay) since there have been innumerable alerts of sales and notice when I exit positions. In the free Newsletter I only note stocks of interest to me at the time of writing, but that does not mean that I will necessarily enter a position and it definitely does not mean that I send the time of any exits on those stocks to the free Newsletter subscribers. Only those who subscribe to the paid services actually get notice immediately before I actually enter a position and immediately before I exit the position. Hope that clarifies your confusion.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-43098751753752407572009-09-06T08:53:42.156-06:002009-09-06T08:53:42.156-06:00Hi Bill,
I read your column every time it comes o...Hi Bill,<br /><br />I read your column every time it comes out and it seems to give the motivation that so many aspiring full time investors need, including myself. I particularly enjoyed the post of your story of trading for a living. I have been trading stocks and options for about 6 years and it has taken me that long to understand that the market is psychologically programmed to break you down into feeble, mortal, 40 hour worker drone as it were. I believe I am seeing the light however, I have adopted system trading (influenced much by turtle trading) and trade option credit to hedge stagnate market conditions and I finally feel confident that I can do this for a living. I have a few financial goals before I make that leap, but I believe that will happen with time. One lesson I learned that I think is critical is you must be, or have, one of two characteristics (the latter doesn’t really count, let’s be honest!) persistents or luck. I could sit in front of a computer trying to figure out how to code a new strategy for hours!! This is who I am and this is how I trade. <br /><br /><br />Sorry to ramble, just wanted to share a message of thanks for your posts... keep 'em coming!!<br /><br /><br />Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-88137027932589607172009-09-05T20:16:25.927-06:002009-09-05T20:16:25.927-06:00Bill,
"You stated that anyone who trades, wi...Bill,<br /><br />"You stated that anyone who trades, will at some time, suffer a loss."<br /><br />I would be willing to bet that most traders in their early years will lose on at least 80 % of their trades.<br /><br />Getting used to cutting the loss while it is small is something that comes with many years of losses and experience.Also true with learning to set a stop loss point before you enter.<br /><br />To me, your comment made it sound like an uncommon occurance.<br /><br />LoreyAnonymoushttps://www.blogger.com/profile/00093666526404105868noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-62023036931520070142009-09-05T09:29:56.939-06:002009-09-05T09:29:56.939-06:00Bill, I have been a client for three years now and...Bill, I have been a client for three years now and not once have I ever gotten an e-mail advising a sale. Even in some stocks you put a buy order on that fell out of bed altogetherAnonymousnoreply@blogger.com