Dear Traders I am expert in this "chain reaction strategy" it is simple, effective and fun. This is the scenario for this strategy... You entered a trade and it just begins to move in the intended direction. Unfortunately the trend reverses and comes back to your entry point. In such situation most traders wait until it hits stoploss. It means they have totally missed to see it as an opportunity. Now instead of waiting for the price to hit stoploss immediately exit the position and enter for trend reversal. By doing so you are not only avoiding a conventional loss but also grabbing a new opportunity. If the trend reversal is successful then you make a decent profit instead of loss. In some rare case instead of trend reversal it becomes sideways market. On such a market condition simply exit with minimal profit or atleast with zero loss. All the best for chain of profits and bye bye to loss.
Don’t trade based on your entry / PnL. Trade the price action itself. If you’re long but the market is making lower high / low then get out. Simple. The market doesn’t care what’s your price. It’s called the anchoring bias. You can be long @ 15 Another trader can be long @ 13 Market prints 20 then fall back to 15$ You’re at the money. The other trader’s in the money. Who cares … Market made a higher low. Now it’s printing 30$ but you went short Just because you’ve entered 15 and not 13$… Please write a book. Pros need more liquidity.
This is a spam post of "Hey Trader Are You Just Surviving Or Soaring High?". It was worthless then and is so now. And you will give us the middle finger, cry bully-buster/small penis; and congratulate yourself on your superiority BUT before you remember these comments others said about you: Half baked, immature, developmentally dysfunctional child in the body of a 51-year-old man, giving sophomoric statements, he goes on my ignore list, block for me too psychobabler, your style is pontificate, make any dissent a personal attack, descend into stupidity, passive aggressive, disingenuous and condescending; not educated beyond some casual reading.
remember these comments others said about you: Half baked, immature, developmentally dysfunctional child in the body of a 51-year-old man, giving sophomoric statements, he goes on my ignore list, block for me too psychobabler, your style is pontificate, make any dissent a personal attack, descend into stupidity, passive aggressive, disingenuous and condescending; not educated beyond some casual reading.
Pack of bullies polluting the quality of Elite Trader forum. I am the bully-buster. The pack of bullies are mine.
"Essentially, anyone that disagrees with him is a bully. Which indicates he does not have the aptitude nor intellectual capability to prove any of his half-baked theories. You're not bully-buster, what you are is a immature developmentally dysfunctional child in the body of a 51 year old man. Grow up."
This is a stupid idea. Anyone who actually trades knows it is a stupid idea taken out of context, from 40,000 feet above with no real understanding of how trading works. And yet you claim it is "good advice". This is like saying if the fruit is over ripe-rotten, then buy the way under ripe fruit, and mix the two to get the perfect fruit. Except, each bite will be horrible. Next stupid idea:" if you lose money, do the opposite." Next: Buy low, sell high. Or always sell the top and short it on the way down. Please stop posting these ridiculous arm chair pontifications. They add no value, you are not a teacher of trading. Even ChatGPT4 will give better advice than you have be posting. They are all just hand waving BS that anyone who actually trades knows is so full of holes, it does not even qualify as 1/2 baked. What is entertaining is how the OP continues and thinks.