I haven't added that up, and I don't think it's really important. I remember one of my biggest years in mutual funds, >100% return, I was "in the market" only 23% of the trading days. I remember another year where I broke even with only 25% of my trades winners. I also remember one 5-year period of 70% winning trades... as well as one time where a client called me up and said, "Do you realize we haven't had a losing trade ALL YEAR? It was July, and I said, "you probably just jinxed us".... next trade was a loser. It's all too variable to categorize... just take care of each trade as best you can.
it was a pleasure to read this thread, thanks for answering questions. The conclusion as can be surmised are very simple in nature but hard to follow in terms of discipline. thanx, chris
I have to jump in and answer the moving average question...which is I don't believe he uses them too much. Am i right?
when I saw this question thought it was about aquariums.. heres my salty... a aquarium is nice to have in your trading room/war room.
I keep an eye on the 50 and 200 Day MA's, that's about it. But it's a good idea in a "big move" market to try to find the MA which fits S/R for "the big picture"... right now, it's the 400 day, or 80 week in the SPX.