36 pts up move. Another sign of the trend reversing. We used to have 38 pts one the downside. A bit less on the upside. the asymmetry is flattening.
Go with the trade. And let the winner run And since I am a buyer @ the gold line. Shouldn't I let the short run up to my buying zone ?! Isn't it logic ? Why cut a winner short and risk losing on the next trade ?
Nobody can be right 100% of the time, even 90% or 80% of the time is very unique on the long run. Being wrong isn't the problem, not recognizing you are wrong is the problem. I have a stock trading strategy, swing trading, which has a win rate of around just 50%, but my profit factor is 1,6-1,7 and my largest win is more than twice the largest loss, so i still make a good amount of money, specially in these conditions which my system was made for. Protecting the downside is as important as making a profit.
Our job is not even to be right 100% of the time. It's to find "value" or positive expectancy operations. Show me any operation, I'll take it if the price is good. Aka if there is "value". And if I have the bankroll to size it properly. Sure, not learning from one's error is were the real problem is. We're always going to err. So better be mistaken with caution, precaution. Great to know you're profitable. And that you're not in the game to win, but to make profits. I sometimes find myself a preference to win than to be profitable. It's a sucker game. I am the right kind of adversary. Someone playing by the wrong rules. You're 100% right. The downside is as important as the upside. Making a buck is great. Keeping it and compounding it is even better. Cheers