No need to worry about that, he'll now be taking regular losses on a frequent basis far bigger than one tick. Anyone who needs to scale down = martingale the TF, in all reality has no idea how to trade. Only a matter of time before the laws of probability grind that plan to pieces. TF traders who know how to flow with the market and not constantly fight the tape will enjoy his liquidity while it lasts.
I'm not piling on... I'm stating a fact. The TF is arguably 2nd worst possible symbol to martingale, CL being the ultimate suicide symbol for that. I may also be the only one in this thread who can provide a four-figure profit blotter in TF trading today on demand. So i'm just sayin' for the sake of sayin' the truth...
Facts or not, that's how it looks from my angle. The fact that you also trade the TF makes the conflict of interest clearer. Please, no need to whip out your four-inch blotter. Save it for your customers who might be impressed.
Perhaps you prefer input only from those who do not trade at all? Which we can presume includes you unless proven otherwise... the rule of ET in effect
I'm not sure who emailed me about this at the time, but Infinity Brokerage have just been having a trader Vs trader live competition at www.livetradingchallenge.com Two of the first round competitors were Hubert Senters (from Trade The Markets) and John Carter (from Trade The Markets) Guess what happened to them? They both lost - lost with negative balances. BEfor ethe competition start each were making pre-fail excuses in their video blogs by saying things such as "90% of traders fail, so i think i twould be good if i dont trade, and then i'll win! But because it's a competition i will just force trades." and... "I don't trade until much later than the start time, so i'll say i have tech problems etc" Hubert Senters got -$260 (Yes that's minus) Vs Colin Archuleta who got +$737.50 John Carter got -$435 (Yes that's minus) Vs Tim Racette who got -$25 (minus 25) What went wrong expert traders, who teach and charge new people how to be great traders?? It must have been bad trading conditions and the pretty indicators you rely on didn't work and you were forced to take trades you didn't want to make i assume? If that is the case, why, after so many years of being in the market, are you unable to read the market and price? Your competitors obviously can. Oh yes, or it was because you normally don't trade until later in the day and you were tired... of course.