引用:
原帖由 基哥 於 2010-4-16 18:12 發表 
I don't totally agree as the trading range of this month till now is only ~1000 pts, if 22418 is the highest of this month and 204xx is only ~2000 pts below.....2000 pts for monthly trading range is ...
Let me clarify a bit of my wordings,
基哥.
If "failure" had meant the position would not be making any profit, 基哥, your argument would have been absolutely valid; and the market has already proved so for you. But my "failure" is on a strategic point of view, particularly according to the principles of taking long positions in the teachings of Mr. Tam. Furthermore, "failure" also refers to a wrong outlook of such position being either total loss or big win(at the outset my "big win", 400% or more profit, may not be the same "big win" of Mr. Lofu).
No doubt I have learnt a lot from Mr. Lofu's successful trades. In intraday tradings of futures and options, I regard him as one of the role models.
However, all long-term successful traders single out one matter above all other considerations - MONEY MANAGEMENT. I honestly maintain that I won't use any percentage of my realized profits to bet on some risk that I don't fully understand and cannot manage. For some one of low calibre like myself, it might set up the habit of "winning the battles and ultimately losing the war.
"Failure" may be a word carrying kind of weight and negative sense in our Chinese language. Perhaps "not a wise trade" would better represent what I actually think and feel about it. However, being money-wise usually doesn't come together with having funs.
It seems Lofu is having both - money and funs!
[
本帖最後由 Jinpa 於 2010-4-19 11:50 編輯 ]
