congrats on your success. i am trying to migrate towards that as well. I have been doing a poor job capturing the big moves. I think it's because I set unrealistic r/r ratios..
As always capital preservation is key and priority one for me. If that means sitting on my hands more than normal in these markets then so be it.
Forget r/r ratios. Risk can be set. Reward cannot be, other than cutting it short - which is kinda counterproductive.
good. you tend to over-trade. do what best suits you. I do about 30 - 50 round turns a day (day trading only). I tend to under-trade. so for me, More is More
%% THAT'S like asking a brain surgeon ''show me how to do brain surgery+ make money doin' that'' BUT since you asked+ he already told you he uses daily chart\ see 2022 chart of SH [short SPY profits] I dont have time to dial down to daily charts, now, but lots more green weekly profits on SH, than red loss candlecharts/2022 I lost money IN JAN, since most Januarys are up, but since SH is uptrending above 50dma, most of year, dont really need precise entrys /fine if you get them.................................. Easy to see on a 2022 trend SH chart than profit, but doable. MAR is key month most bottoms are made in MAR, but that's a bull market + so far 2022, not a bull uptrend.
Thanks murray. Maybe he'll answer this himself? After all, Nope is as valid an answer as any of the following:... How about posting up a marked up chart with a typical setup? or a chart not marked up but with the averages, pivs, indicators and whatnot that you use but again not marked up? Or even a naked chart set - you use (Day, 4hr, 2hr?) that show a duration within which you entered a trade? Nobody expects to see your hole card, and No, as valid an answer as it may be, should not be assumed. Sometimes a trader just feels like helping other traders in a material way. Kind of like shining a light. We'll see what JD say...
when I have some time I will post a chart... I just had a super great long on Crude... USO by buying calls
Here is a trade I closed last week... USO from 76-86...rode the Crude push to and exited at crude $126... USO up 13% my Calls were 100% at exit... 2 hour chart confirmed with the daily.
thankyou.... the Daily chart rolled over for a short and I did not take it... that trade is working great... should USO/Crude roll for another Long I am in for sure