IMO ......... Nothing wrong with a new ET handle. As long as he has retired the other ET handles and doesn't use them again.
Unless the current trend reverses the overriding trend We just never know (ain't trading a hoot) So..., when finding out (or every trade for that matter) - need to identify low risk entry/ entries (wait for it..., wait for it) You're on the right track EM - extrapolate it out a bit further RN
Or it stops trending. Anything can happen at any time. Waiting for things to happen also comes at a price. http://www.elitetrader.com/et/index...ous-not-so-obvious.151802/page-3#post-2284289
upbar long..market strong upbar meek..market weak downbar long..market strong downbar meek..market weak bar inside..not change tide bar is out..many shout but look to see..where one end be for it to tend..to show the trend first T just..part of must next is S..do not guess the final T..what make it be so do all 3..be busy bee most do buy..when hit the sky most do sell..when down in hell reason clear..it out of fear to make it be..use TST who is dis snake..is he a fake and colored line..no friend of mine if u but look..into the book can clearly see..that 5 there be so outa 5..all do thrive some bit more..so some get sore now dis is wrong..all sing same song so y do all..not grow same tall the reason be..this TST it has the cure..dat is for sure so play the game..and think of fame but know u dis..most of it piss if u not see..clear trend where be how u know..where money go next is S..move down don't guess for trend can lie..so open eye the final T..what make it be all else is just..part of must get dis T wrong..u sing no song so learn with care..use money spare time will show..what u know more u do..get bigger clue so raise ur hand..get head from sand just look and see..use TST J_S
Of course, how many times have you stayed in a winning trade just because it was in profit, and then went into loss, so, you wait fir it to come back to where it was in profit to get out..talk about stulidity..and..sometimes it will drop a bit more..so..now u get worried and exit..just to see it bounce a short while after! Get the hell out and lock in profit..it only costs a measely few dollars to get back in..why take the chance! My biggest losers have been when I did not take my profit and get out, and, the reason why I didn't get out, was because I was not paying attention, for whatever reason! A fool and his money are easily parted, even more so trading, as you just need to be a fool for a few seconds! J_S
And, we must not forget we have the trend within a trend..so..some are jumping off when others are jumping on..if one gets caught in the middle..look out..for..u do not want to jump on the big boys train if the hft gang are exiting at this stop..for..u might just get knocked onto the rails and get a nice little burn! J_S
Sidetrack a little, as it might help! When we die do we float up to the sky and spend eternity being happy, or fall down into the fire with eternal pain! Or, do we rot into the earth and emerge as someone or something else at a future date! To be honest, as I have no evidence to support either theory, then I can only come to the conclusion they are not real, for nothing is real without hard facts to prove it so. So. why do the majority of people think these theories are real with no hard evidence to prove same - again, there IS an answer, as one thing is certain in life, and that is, everything happens for a reason - there is no such thing as chance - it is just not possible! What therefore, is the reaon that the majority will accept information as being "true", without any "real" evidence to support same? I have come to my own conclusions, based on some study of "Historical Facts" and apply same way of thinking to trading. What is your opinion, and why do you have that opinion? J_S
Amongst other reasons, I would suggest: herd mentality. Where does that come from? It would come from a deep seated cynicism with regards to the human condition, human nature, the inability to think for ourselves or to question dogma / authority. That being said, my wife often says I'm a pessimist. I tell her I'm a realist