I do what I do as I don't like to sit through pullbacks and draw downs. It keeps things simple and I like that. You can test a trailing strategy and see. Sometimes you will get your multiple points and sometimes little or nothing. We are all different and we all have different trade plans....test it out.
Great video...thanks. I thought I've seen all the floor videos but I've never seen this one before. These old floor traders got left behind...they just couldn't adjust to the new way of trading...its sad but reality of any profession. wrbtrader
I will prove it, however there are days that the price is not going anywhere and those days are dangerous.
Even the cleanest setups can fail or offer little or nothing but you have to have the patience to wait for the good ones and the skill to recognize them. You can't make chicken salad out of chicken shit.
If a good chicken shit right now, a fight of bulls and bears, until the market is defined where you want to go, it is complicated. Are there days that you simply do not operate?
Overlapping price bars accompanied by intertwining MA's. I trade momentum impulses and that requires range and structure...currently we have neither. It's a pretty day I'm going for a run. That may open things up, if it does you can thank me later