The feedback loop on this forum can get discouraging (it does for me, sometimes) but all that matters is the P & L, while controlling tail risk. And of course the AI bots these dayz, who knows what they're up to, reading our posts, reprogramming their algos, etc.
Almost got stopped out. Let's see. Still looks still bullish but ... Today price isn't moving much, yet. Out took a 200$ profit. It's been 34min and price still within 5min Candle.
Breakout Strategy on NQ with 1 contract. 14% winning trades but still it makes decent money. 14% because it has a 100 ticks stop loss. If we remove the stops it wins thrice often but makes less money
As per J Kaufman rates (least noise) are more suited to trend following and YM (most noise) the least. Also … Short term prices are more prone to mean reversion. That’s why fast MAs fail to capture the trend. On the daily … below 80 SMAs usually fail to deliver. Not all systems are good and not all underlyings are good for a system.
Kaufman wrote a lot of books but it's really no bullshit. The guy spent his lifetime Trading and his wife was a CME floor trader. Learn To Trade: Trade To Win With A Rule-Based Method is a great one. It covers a lot from beginner to more advanced and there might be something for you. His main +2000 pages book is Trading Systems and Methods, He provides stats and figures in all his books. Really interesting. No secrets but down to hearth. The guy has almost covered EVERYTHING. You guys can find the books online ... Checkout anna’s archive
Better than most trading books I have read. Because the guy is selling nothing And it’s common sense, Educated ? Brooks is esoteric IMHO