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trade4ever2day

Registered: Nov 2007
Posts: 274

04-23-12 08:35 AM

Quote from Wide Tailz:

Third wave, all the way. Only way to trade.

If that is the only way to trade who is going to generate the previous two waves?

Just curious...

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failed_trad3r

Registered: Oct 2009
Posts: 1613

04-23-12 10:20 AM

I usually average down into high conviction longs. It's like bottom fishing. I up my leverage from 3-5 to 30-50.

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bwolinsky

Registered: Jul 2008
Posts: 4559

04-23-12 02:06 PM

Quote from failed_trad3r:

I usually average down into high conviction longs. It's like bottom fishing. I up my leverage from 3-5 to 30-50.

Just like you did with your $5k 1 month S&P OTM options?

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RCG Trader

Registered: Dec 2009
Posts: 10234

04-23-12 03:02 PM

Quote from flipside21:

HC, MC, and LC trades,

This is what is killing neke. He is guessing. All trades must have the same conviction.

None.

Otherwise you are simply guessing, and over time, you will guess wrong on a HC trade for the last time.

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bwolinsky

Registered: Jul 2008
Posts: 4559

04-23-12 04:49 PM

Quote from RCG Trader:

This is what is killing neke. He is guessing. All trades must have the same conviction.

None.

Otherwise you are simply guessing, and over time, you will guess wrong on a HC trade for the last time.

Yes, it's a symptom of his addiction to trading gambling. Unless he's doing it quantitatively, which I'm pretty sure he's not, then it is not going to turn out well without those calculations to prevent overtrading with sizes that are way too large.

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Wide Tailz

Registered: Sep 2011
Posts: 1521

04-24-12 04:24 AM

Quote from alexandermerwe:

If that is the only way to trade who is going to generate the previous two waves?

Just curious...

Retail traders, range traders, price physics pairs traders & fundamental analysts, along with day traderz

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