I have to agree, although in the case of Saxson he seems to welcome comments somewhat. But you can also see the delight in posts when a trade goes against him. Everyone likes to think that they have the best method don't they...
Have to agree here. I just put on a bad trade, went long yesterday expecting a reversal, another painful sell off at the close. I martingaled somewhat to lower breakeven, not wise but I took a calculated risk. I lost on the trade but not near as much if I got out at the close. Everyone has to live with the risk or heat. If I am trading too hot I will know because I can't stand the drawdown. Have a max pain on every trade, right or wrong. Mistakes: overleveraged (too much heat), did not get out right away allowing a small loser to turn into a big one.
Well personally I am routing for Saxon. He has been successful with his unorthodox trading style, and although I would never trade his style, it certainly doesn't mean it will end for him catastrophically. My only concern for him is that he trade comfortably within his style. If one is worried about ANY trade not going your way then you probably have too much on the line and you need to scale back.
It looks like we now have had a decent retracement. Any sign of strength from here should lead us to 1457.50.
very cool, I went short about same time as you via DAX very near current high, scaled out and now riding it, trailing stop adjusted to b/e on last lot.
Hi mbusch! Gotta disagree with your take on saxon. In my view, MOST of the posts are hand-holding and inappropriate bolstering with reason, of fatal (and common) trader mentalities. Regardless of trading plan or style, trader tuf luv is like-like and realistic to the markets. It is a "better" way of pushing a trader beyond the mental pitfalls. Darwinism produces an inevitable result (good or bad), but does nothing to explain why such result was inevitable. Now then, what is the phone extension or IM handle of the ET help desk? Osorico
Here's a link to an article that Saxson posted. Note this guys trading style. Does anybody posting here make more than him. I'm not worried about points, saving commissions, R:R, trade efficiency, win/loss, best calls/posts and screen time/points, lets compare real $$$$ http://i-found-my-holygrail.blogspot.com/2005/09/worlds-most-successful-trader-paul.html