Yes, the most important ingredient is definitely missing. The most I will tell you is I will only begin using this method after and extreme price...
Of course I track them. My win rate on the DD is nearly 100% this year. I have 1 loss and it was a BIG one but the money I made prior to that...
I don't do this in continuation patterns. I do it at reversal areas after a large decline or rise. Today's premarket drop was a perfect example....
By the way, I think you will blow up big time after a while ------>>>> I already have. I've taken more out of the market than I keep in my...
That's a very interesting thought because I do view my initial loss, or couple of losses as good things. The key is discipline. It's very...
I was a slightly better than break even trader. My batting average was about 65% but I couldn't seem to get my winners to be larger than my...
I was pretty hesitant to post this strategy this evening because I knew I'd catch a lot of heat. I'm glad I did because it was a good discussion,...
Ok, gotcha, I do that. I do average up, I don't average down. However, I will "build" a positon, which is averaging, in a sideways area when I...
Totally agree HG. Per earlier post, I have a circuit breaker on my platform. When I'm down $X I get liquidated and shut down. I know this is...
I have 5 screens and I trade the ES, NQ, and ER2. The "instant pat on the back?" It ain't about that, it's about finding an edge. An edge comes...
Absolutely agree. I have gotten stung and it will happen again. At some point you have to flip the switch. My platform comes with a circuit...
That assumes you know ahead of time which trade will be the winner. You don't. If I knew that I would take my full line on the first trade all...
That wouldn't work because how do you know what the triggers are? It isn't something as simple as take your loss and double at 2 points lower....
If this system is employed with zero skill then it is destined to lose. I have a lot of experience. I'm damn good at reading charts but my...
I know how to read charts but I don't have perfect timing. I don't think anyone does, do they? I don't lose on my first trade all the time. In...
I do use stops! I take my losses quickly and double my contracts on the next trade. It's very profitable crap, backed by verifiable records
LOL. I think my carpeting is growing again :eek:
I only use 2 accounts for this, not the 3rd but I could. The reason....let's say I lose on 1 contract, then 2, and win on 4. I could easily...
also, I only use this strategy in the AM, never in the PM. If it goes badly I have the entire day to fix it. If it goes badly in the PM time...
You have to have a lot of experience doing this and you need a pretty sizable account, not to mention big balls. I've been trading for many years...
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