Price action coupled with indicators is a very good system of entry and exit discovery. This will never change.
=== Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.)=== i do not believe in % to keep loses small u have to know what u doing, 2%, even 0.02% will not help, it will just drain the deposit a bit slowly ===2. Let winners run using stops outside the noise.=== again nobody explains how its like buy low sell high, great how ? TA does not answer that question, it was never its purpose.... ===3. Keep commissions small=== again not much u can do here ===4. Don't scale in or scale out.=== i would , in fact i believe its a must ===Most gurus and educators don't cover these most important aspects of trading.=== they just have to admit that they do not teach trading, they (if they r honest) can teach anything related to it, but not trading
There is but one correct method of trading-- 1. Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.) 2. Let winners run using stops outside the noise. 3. Keep commissions small 4. Don't scale in or scale out.
On another note, what do you guys think of someone who posts, then quotes and answers themselves under different monikers and "likes" themselves under different monikers? Perhaps this should be asked in the psychology section. --Maybe it already has been.
NQ market fell into a range about 10 minutes after the open for about 20 minutes. Then it broke. I'm looking at whether there is a good way to trade such ranges. Doing some backtesting now....
All of which sounds good, but given that his trading results have been so dismal (except for the hindsight trades taken in the middle of the night ), this advice doesn't amount to much. On the other hand . . .
too me it does not matter who has which results, especialy i would not discuss other members of the forum smarts ideas can come form anybody the problem is that between smart idea and its implementation is usually a huge gap, and to bridge it requires a lot more smart ideas (but that already is a problem of the listener)
It's also a problem of the claimant. But if one is presented with a trading plan, the "listener" can verify the results for himself. Otherwise . . .
Man, you truly are removed from reality. Thats ok, just dont make untrue statements about others. surf