man, you are taking losses even though you are right in the direction. Hedge, don't use STOPS if you feel the entry was good... b entry 3,052 s hedge at 2,940 with a trailing stop at the 2,892 pivot your trailing stop kicks in and you take profit at 3,007 (+67pts) on the hedge at around 3,100 you take profit on the original buy With a hedge, you made 115pts, with a STOP you lost 115pts. If there is no pivot, you then marry the hedge and take the loss the stop would have given anyway. By hedging, you get a second bite at the apple without increasing risk i.e. your max loss is 115pts but you get a 2nd chance to make a profit instead. Edd Thorp: master hedging and scale-out of losses
Very nice. May you please tell how you enter the trade? limit entry or stop entry? thank you very much.
Nooooo, no no.... I say the exact opposite. Trump would beat Bernie by a landslide of epic proportions. Biden's got a chance. The last piece of the puzzle: https://elitetrader.com/et/threads/...n-for-dem-nominee.334633/page-10#post-4948732
The reason for this is not that the market thinks Biden can win the general election, but rather than Bernie now can't win it.
May you please use a chart to explain the hedge? I am not sure about those numbers. Thank you very much.
Filled on the 31.50's ... will access at 2973's and 2934's for sure, as well as PA along the way. But target is 2911's
I have a short bias for the day too and will hold that for as long as we stay below 3050/3058. That said, I know that 3030, being a key technical level, can very well end up being a bottom for the day. So, a bit cautious here.