Ok here is the replay fresh off the press so to speak! I did mis-speak on the video. After the one 4-point loss the very next trade was a long trade to get back the loss. However, on the video I said it was for 1 contract as were all the subsequent trades, but I spoke wrong. The trade AFTER the losing trade of 4 contracts was a long trade of 4 contracts thus getting my loss back right away. That is how I get back the loss quickly scalping risking 4 points to gain 1 point. Notice had I not had a 4-point risk but say it was reversed, and I was risking 1point to gain 4 points most of those trades made on my same entry points would have likely been losses. One loss after the other because of the way the market probes on each bar and group of bars with the patterns they together form. There are multiple probes on each bar and group of bars too. Now had I had a mind to I could have made the next trade even after that... loss recuperating trade... to be 4 contracts also and that would have given me a little cushion to play with, but I decided to just go back down to 1 contract and all the next trades were winners but at one contract each. So, I ended up with 13 points profit in the ES trading period was 10:30 to 11:10 which translates into $650.00 in 40 minutes of trading. Of course, I have to be good at scalping to pull this off and have a high win rate. If I have a low win rate, then my losses will overwhelm me for the session, so I do need to know how to scalp momentum in small price patterns. Here is the video: Disclaimer: All of these videos on this YouTube channel including this video are for entertainment and information purpose only that show how I like to scalp. Actual results can be different than real or SIM results, so I am not advising anyone to use these techniques. You may not get the same results as shown in all these videos and you can even lose all your money plus more.
Hello Businessman, I certainly agree, I experience 2 years of drawdown with Swing Trading Systems. Will it recover this year of 2025? I have no clue on earth. lol. So, I do and try everything.
Let me run some simple statistics and probabilities and for simplicity let's ignore expectancy for now: 1. Most traders, 99.9% run systems with high R:R ~ 5:1 => low win rates, 25-40%. In this system, the chance of 3 consecutive losses is 22-42% so you will see it often. 2. @volpri trades in a different world, no one I know of trades like him. His system has a R:R of perhaps 1:4 => high win rate. He is able to get a win rate of 70-80%. In this system, the chance of 3 consecutive losses is between 1% to 3%, very unlikely.
Don't focus on the wrong thing. His actual win rate is higher than 80%. I was not addressing expectancy, just focusing on the odds of 3 consecutive losing trades. With higher than 80% win, 3 consecutive losing trade is < 1%.
Hello Businessman, About 2 months, then drawdown for 1.8 years. I hate swing trading, that's why I scalp. Feels better and makes good money.
No way. He's FOS like his Walter Mitty persona. He's eating 50 beeps in shit unless he's a MMer. God, you bots are gullible. 80% lol. He's lucky if he's 60% but ofc that's BS as the system = death.
You may very well be right but we should keep an open mind for other's ideas, especially those that run counter to conventional thinkings or counter intuitive. As I told @poopy before, I do not pay attention to if he, or @Handle123 or @VSTscalper... are real, I am only interested in their ideas. Most don't work but some like his actually work. I don't trade his recipe, only borrowed his concepts. Ran 4 weeks of live trades, name, micro size, ~$1K per trade, about 10 trades per day. Averaged 0.25% profit per day, only 1 losing day. 4 weeks is not statistically significant and micro size is not quite real yet, nonetheless, encouraging. Would I trade size? The jury is still out. You are technically very capable and should understand this: There is an optimum expectancy R:R for every name.