If you had a choice to pick a box that would make you money trading, would you pick a

He followed the path, and to his surprise, it did not as he thought, lead up to the skies.

He then took a turn, first left and then right, but he ended right back, with a massive big fright

 

So I told him to stand, to the right of the tree, to get down on the ground, on his hands and a knee

I told him to listen, for the answer he craves, to huddle his senses, to boldly be brave

That the time draws near, to reveal the truth, and proclaimed by the mentor, by the sayer of soothe

And it came to past, in harmonic collusion, of this and of that, and the only conclusion

Was that better times, were ahead now for sure, cause the path to the light, was so perfect and pure

 

A massive big fright it certainly was

Because long he’d been betting a very wrong cause

 

Ah but alas while on hand and knee

He cold not see what it was – he certainly must see

Because the path is – what the path must be

So let's figure out the boxes – and see what they be

 

To build up a box, one must Start very Low

Attention Must follow, prior to letting it Go

Inside the box, one can have Many More

Attention again, will Determine the Score

 

If you can find this, it may help understand!

 

Is this the obvious?

I have not tried this yet but after giving it some thought it sounds like a plausible idea:

1. Maintain 2 trading accounts

2. Pick a stock, any stock

3. Go LONG in one account, maintaining tight risk mgmt. i.e. bet what's ok to lose based on the risk you are willing to take on.

4. Go SHORT in the other account, same price, same size, same risk mgmt.

The probability of price moving greater than 1R in one direction or the other has to be high. When it makes that move you lose -1R in one account but gain more then 1R in the other.

In the unprobable event of price moving exactly 1R, stopping you out of one account, and immediately reversing, when your stop is hit in one account you set your stop in the other account to BE. This way the most you can lose is -1R which is what you would do in any normal trade.

 

Jim - Jim - My wonderful friend

The obvious was in the past - we must begin anew

For now we have a box - and fill it we must

With what we should ponder - else we go bust

 

So you will win, and so you will lose

But you must act, else you stay just intact

The minute you act, you know not will err

So your only groove, is a possible big move

If you are not there, when the move does transpire

And the act was in place, for a mere tiny space

You might then just find, that you have been blind

 

There was a young trader from St. Kitts,
Whose black box was giving him fits;
The eclipse of the moon,
Threw him in to swoon,
And his account was broken to bits;