Registered: Aug 2011
09-08-11 12:23 AM
Quote from virtualmoney:
A more interesting question here would be "Is it more profitable to just Hold with the trend (solely on daily chart) Or trade with the trend (say trade in/out based on 4hr chart but Only in direction of daily chart)?"
Maybe the more experienced traders can explain their views based on P/L, equity curve.
you ve answered your question by yourself.
Of course it is more profitable to do more trades in a specific time, than just one. Trade the trend moves + the counter trend moves,
trend moves gives you more profits rearding to risk/win ratio, but counter trend trades are still extremely profitable.
And the other factor is, you can always leverage up your risk + win, by your growing trading capital. --- Than just have one trade all the time in the major trend direction. You should that do too, beside that shorter time trades stuff.
Combination of styles is the answer, be independent so you can change your positions when ever you want.
Besides that, there is not only 1 product to trade, you can choose form all the beautiful markets, and buy and sell, how you think its best for growing your capital, depending on the time factor - "How long do you want to wait, to make this or that sum of money" !!!
Plan the trade & trade the plan