Comments on: Don’t Be a Hero

By: Lessons From a Life-Long Speculator | TheStockBandit.net

Lessons From a Life-Long Speculator | TheStockBandit.net — Wed, 26 Jan 2011 16:43:49 +0000

[...] different sports, he also helps to protect his outlay from unforeseen events. For the trader: don’t put your entire account into one [...]

By: Managing Gap Risk | TheStockBandit.net

Managing Gap Risk | TheStockBandit.net — Tue, 28 Jul 2009 13:27:43 +0000

[...] of course if it’s excitement you’re after, then you just want a story to tell – and you’ll get it when you hold positions into earnings reports. Only problem is, nobody [...]

By: First Can Hurt! | TheStockBandit.net

First Can Hurt! | TheStockBandit.net — Mon, 06 Oct 2008 15:43:17 +0000

[...] When conditions get extremely volatile like they are at the moment, attempting to be first in line (buying in hopes of a turn) can be a very costly endeavor. Consider the perpetual bottom-callers within downtrends such as this. Or those who continually try to short sell the highs within uptrends, just dying to be a hero (yes, pun intended). [...]

By: More on Learning from Trading Disasters | TheStockBandit.net

More on Learning from Trading Disasters | TheStockBandit.net — Thu, 26 Jun 2008 17:23:39 +0000

[...] As this market corrects, if you aren’t short, then cash is the next-best alternative until the technicals improve. So be very careful out there, don’t be a hero, and make sure you’ve got your game face on before getting active! [...]

By: Patient Progress | TheStockBandit.net

Patient Progress | TheStockBandit.net — Thu, 22 May 2008 15:09:29 +0000

[...] Truth be told, you’ll be far better off pulling up a seat beside an experienced trader any day of the week than to hear a story from an overleveraged and overconfident new trader who just made a heroic trade. The experienced trader has been around and seen it all, and often times can spot a move coming from a mile away. Plus they have an uncanny ability to sift through all the noise and get to what really matters – gauging the forces of supply and demand. Stated otherwise, they know how to wait on the market. [...]

By: TheStockBandit

TheStockBandit — Thu, 20 Mar 2008 12:55:22 +0000

Hey Bill,

Thanks for the comment and glad you enjoy the blog! I think options can offer some nice advantages for certain traders, provided that they stay disciplined and employ strategies which have a defined risk. I won’t give my opinion on another blog which I have never read, but there are a number of good resources out there so keep an open mind and do your own research to be sure that what is being discussed is accurate in your own experience.

Trade well today and thanks for stopping by!

Jeff

By: BIll

BIll — Thu, 20 Mar 2008 05:08:06 +0000

I love your posts. I read every day.

I am studying options. I am curious about your opinion of options and the advantage they provide to the trader.

I am very interested in the topic of expectancy and trading with a system proven to provide a positive expectancy.

I recently ran across this blog that discusses a positive expectancy option system: (link removed)

What is your opinion?

By: TheStockBandit

TheStockBandit — Wed, 19 Mar 2008 20:09:56 +0000

Hey Ryan,

Thanks for your comment. I totally agree that the money is just a part of your method, and it comes with making good decisions which are grounded in your experience and trading style. It’s good to see you here and I appreciate the comment!

Trade well,

Jeff

By: Ryan

Ryan — Wed, 19 Mar 2008 13:37:02 +0000

Great article, it’s very true. I believe one of the key components you touched on was not needing to know what’s going to happen next. Trade your system, in the moment and don’t get caught up in the hype. It’s one of the most beneficial ways to control your emotions. I always remember money is just a by product of trading my system correct with proper risk control and money management. Thanks for the reminder of not trying to be a hero to feed my ego.

Thanks again,
Ryan
http://www.evolvedtrader.com