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Showing content with the highest reputation on 11/03/2020 in all areas

  1. 1 point
    I feel like this is a personal question and will have many different opinions. 25 entries, depending on your account size and position size, can really start to cost you quite bit in commissions. Are your entries technical, or are you just jumping into it because it started moving slightly in your direction? Could you have made just as much by holding your initial entry longer? Looking back, can you justify all of those entries, or at least half? I like the way Thor plans a second entry... They won't necessarily be large, but as a "freeroll", he won't lose "realized" money on it. If you are getting totally out of a position, and then entering again, I'd call that a new trade. Adding in, well, if you're entering with initial position sizing, I'd probably consider that a new position. Regardless of all this, if it's working for you, and the comms aren't eating up too much profit, then keep doing it! Find your niche and what works for you...
  2. 1 point
    By Paul Sullivan (NYT) Here’s an election prediction you can take to the bank: Whenever the count is over and no matter who wins the presidency, tens of millions of people are going to be elated and millions of others are going to be despondent. But regardless of the emotion driving them, people acting in the heat of the moment may make decisions about their personal finances that prove costly. While those decisions often seem irrational in hindsight, they’re completely predictable to people who study behavioral finance, the branch of economics that aims to understand how emotions affect financial choices. In many circles, it has supplanted the traditional economic view that people are rational actors who look to maximize gain and minimize loss. Instead, behavioral finance concedes that most people are prone to being fallible and foolish. https://www.nytimes.com/2020/10/30/your-money/election-investments.html?referringSource=articleShare
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