I knew you would waste at least for this scalp. See ammo?. This is the exit. The entry was above. Check the timestamp!. You gotta get inside your opponent's head. After that it's easy.
Well 7 cuts is quite a bit of bad calls and that pretty much is equivalent to the size of my stop, around 20. The key here are the winners, if you can hold them. FoN
Another scalp. See ammo how easy it is?. They'll be foked up in the head for days. Just like when I take their stops with my limits. And when I have a moderate amount, like now, I quit and they are left wanting me to come back, but I don't... Till the next day. Lol.
Lol good one - you are winning at teh internet You got the scalp but i hit the home run - you got exposed with your pants down in your momma's basement. Post your equity curve big boy - i think this will be ignored by you time and time again haha.
I see the merits of adding on the way up or down. 1st buy/sell at x, 2nd buy/sell at x +/- 2pts on a higher/lower retest but why would you hold through a break of your entry? Also if a trade keeps hammering at your entry price eventually it will fail. Why keep adding at that price unless you're scalping your way to gain room on your stop? I can see averaging into a "position" if you are a trader with millions and billions but for a piker like me it makes no sense.
Very good , thank you for taking the time to explain. Some might have thought that you only avg down but it makes sense you avg if market moves in your favor also. I'm an intraday guy. Personally for me If i have indication of.... Ranging market- all in all out . Trending mkt -all in, scale out , last unit as runner . Usually never have to avg due to liquidity because I'm not Mr. Big yet. I have other rules and nuances but that's the gist of it.
Horses for courses. I'd rather bite the bullet, take the hit, clear my head and reposition. I understand other traders operations preferring to average into a position. No right or wrong.
For a 20 point range, I would venture a guess that your 20 point stop is not equivalent to a 21(rounded up)/3 point stop. There would probably be well over 7 trades for traders that are using 2-3 point stops within a 20 point range. So your 20 point stop probably is less risk than people trading 2-3 point stops within that range. I agree, hold on to the winners until the target is the key. This is even harder than finding an edge. This is the one discipline I need to perfect and work on - sit on my hands.