Use live tests with minimum size. That is the only way to know. All theories in trading are useless. Like what Mike Tyson said “Everyone has a...
The ability to tell real breakouts is a true edge. Even so it’s not 100%, just a higher probability than randomness depending on how big the edge...
For me winning is more stressful. I need to think about not turning a winner into a loser and when to get out for max profit. Losing is easy. Just...
You’re absolutely right! I feel my left brain is rational and logical, but my right brains just kills everything from my left brain with its...
With all the human cognitive and emotional biases it’s amazing any trader can be consistently profitable.
You can control how you scalp, such as fast and often or calm and a few in between. In other words, you can make it as intense as you want or as...
Yes, I saw your response and agree I got out too late. I was trying to catch a big trend every time and often got stopped out instead. So now I...
My tight stop is a few minutes. If price doesn’t go my way meaningfully within a few minutes I am out. No questions asked. I did miss some good...
I think the only way for trading longevity is to find an edge that you only need to trade a few times a day - a few real trades not counting all...
To get a good feel of the market/chart you need the infamous 10,000 hrs of screen time. Nothing can substitute for doing the time.
Seriously, why do traders try to predict trend? It’s a fool’s game arising from human nature, i. e., the need to predict/know what’s going to...
It’s way easier to say that cut loss early and ride winner than to actually do it. ;)
It’s a high probability trade with 2nd/3rd entry even though there may not be much left, but still better than caught in a trap.
Wow he was so stupid to report the break-in. Living a flamboyant lifestyle would never end well.
When market gets tricky 2nd or 3rd entry is safer than trying to catch the low or high. It requires a lot of patience and foregoing potential profits.
Probably shouldn’t trade in a volatile market anyway. My current rule is if I cannot comfortably put in a reasonable stop I won’t trade at all.
There are only 4 outcomes for every trade: large win, small win, small loss and large loss. The middle two are basically scratches and probably...
OP’s idea/theory works for long term investment on indexes, but not for short term trading.
90% of stops will be hit sooner or later. You need to manage your position and get out before that happens, hopefully.
My experience has been 90% of stops will be hit sooner or later, except your stop is at the daily high/low or 2nd daily high/low. Even so I still...
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