What you mean by "averaging up and down"? I did average up, but never average down. Average up means when market goes my way I add position. Average down means when market is against me, I add position. I did make huge mistakes breaking my strategy rules, (even I clearly know the market trend, I could not resist to get out of my position to make intraday trades, especially when market had strong intraday move against me) but it will be ok going forward.The second month will be the worst month of my strategy and I see this as a learning curve that can' t be avoided.
If you are just learning to trade, then the situation is even worse than i was thinking. C'mon, don't say that you never average down. I can clearly see from your trades that you do it. There's nothing to be ashamed. Most people in c2 do the same, otherwise how would they fool people with high win rate and get subscribers
I am just learning to trade? You understood zero from my post. It is like when a professor talks about 1+1 math world puzzle and a kid says 1+1 is easy and not a math world puzzle. Now show me on which trade I average down? edit：Now I may know why you said I was average down. STO means sell to open, which is a short trade. If you see the later trades were at lower prices, it was an average up, not average down, because market was going my way and I was winning all the way.
I went down this road in the 1980's, searching for best trading systems. Spent thousands, many had clever ways to cheat. Everyone talks about winning percentages, I rather do best getting losing percentages down. I have averaged down three decades scalping/day trading, long term if you keep losing percentages way down, account does well, but if losing % above 4%, very hard to be profitable for way I trade. Losing days can take couple months to recover. "Holy Grails", no point in revealing charts, profits, drawdowns to anyone whether you have one or six. Those who do don't reveal bottom lines, don't care what others believe. Those who do, do not put it on C2.
Hello Tony Stark, Thanks for the reply. Yes, at least the trader at C2 is making money and was able to recover drawdown. Recovering drawdown is something I work on doing every single day and getting better at it. Good for the C2 trader.
You shouldn't even be in that position to allow yourself and account to take those rather ugly drawdowns in the first place. Sounds like a gambler convincing himself he can dig himself out of the deep hole he burried for himself. Happy New Year, SimpleMeLike 2023
Just say what you believe with conviction and sheeple will follow .... right over the cliff. But only once they storm The Capitol Building first. lol What the self back-slappers don't realize is it ok not to predict in order to be profitable.
5 but 4 are free subscription. I once offered one month free subscription which will expire early next month. My expectation for my strategy is 50%-100% profit for each month while current drawdown will hold. So subscribers will come in after 3 - 4 months if my performance is ok.