Surely you are aware that there is no system being delivered here on ET by the OP. I can tell you this much though---Price drivers are RSI and MACD divergences that are being read incorrectly. The OP uses charts--make no mistake. He also believes in Technical Analysis and certainly feels that Money Management is the key to trading. ---You are being WOUND UP--plain and simple.
I agree its going sub 50 long term but your timing is off. New highs will be made to drive out the weak hands first. Will you puke at $100?
Hold on. I am fine having a sensible debate but not if you are going to be delusional. You cant take a large loss averaging in 4 times then claim others are broken souls for calling you out when you go slightly onside after re-entering. If you are claiming 'victory' after being net down large this just got very weird. PS retail is 69% short spoos.
The game is always about which side can get screwed the most. Only in pure panic selling or buying do we actually see unmolested moves without prior positioning.
What is he actually selling within his subscription? Forecasts? Forecasts and trade entry calls? Any track record? I will be offering a subscription service in late Summer, I will be providing stats for potential subscribers, Surf refers to his Surf report journal, is that a joke?
That's possible. But what kind of a system is it if you have losses of 24% (from 17 to 36%!!!) ????? That's a system that has no clue. On top of that adding three times to a losing position that on top of that is against the direction of the market.... from this kind of systems you can find 13 in a dozen.
To judge stops you should know the drawdown over the last X years. And also the recovery time after a DD. If there are never 3 stops in a row, the max DD is 25%. Depending of the returns that can be reasonable. The past 10 years I never had a drawdown of 30%, which is for me acceptable. And drawdowns were always recovered within 48 hours.
In principle I don't have anything against large stops, as long as that loss doesn't chew a huge chunk of capital. Scaling in is nonsense though, I agree.