Dustin posted $300,000 days, I don’t know his style other than making lots of cash. Lord Dest conquered the Source Wall.
Hello Simplelikeme.... fwiw, i defended your ass here on ET in another post... while others were piling on and mocking you as if you were a fool. Now what were you saying? Don't look a gift-horse in the mouth homey.
My experience is drawing me to this conclusion too. I think set and forget trading with tightish stops is almost the number 1 reason for retail loss and thats how they want it. I dont have the answer though.With experience and skill you can recalibrate whilst in the trades and avoid the stop out and immediate move in your original direction but it is dangerous.Either way,like it or not,if youre in a fresh trade,you need to be watching. Most money I've ever lost is setting a stop to allow me to go to sleep.
What I use - but within TradeStation:- https://corporatefinanceinstitute.com/resources/equities/chandelier-exit/ but as you put it, you need to be watching, not sleeping. Much better and more importantly sustainable than just getting used-Lambo lucky.
Good Morning vanzandt, Yes, I understand. ok everyone, lets go trade the ES futures market now and make alot of money man. We finish this discussion later on today and play around.