Opinions on Trading with Small Reward vs Risk Ratios

Discussion in 'Trading' started by SimpleMeLike, Dec 29, 2019.

  1. padutrader

    padutrader

    any system is limiting.
    why have a system here?
    d1.jpg
     
    #21     Dec 29, 2019
  2. IAlwaysWin

    IAlwaysWin

    More trade opportunities of course
     
    #22     Dec 29, 2019
  3. tommcginnis

    tommcginnis

    Congratulations on your purported success. I fear for you, though -- as you appear *willfully* unaware that your exit=opposite_entry philosophy will lead you to financial ruin if you continue to follow its accidental, near-spurious success too far. The "test" which you think your system has passed, is no test at all -- it's small-sample bias, and demonstrates a lot more "experience" is needed. But I have to say, this made me smile:

    "And I don't trade trends, I predict them." :wtf: Well of course you do.

    That belongs on a t-shirt. Doesn't e-trade have something like that? SuperTrades or some such? :rolleyes:
     
    #23     Dec 29, 2019
    SimpleMeLike, nooby_mcnoob and imjohn like this.
  4. padutrader

    padutrader

    risk reward probability are 3 things generally considered.

    but is probability the same thing as context?......context is either bull or bear for a particular time period....I say time period and not time frame because even on one time time frame chart, the area where bull resides and bear resides is clear and you take the buy or sell signal that corresponds to that context.
    identify the context and then wait for a good buy or sell signal.

    this I have found keeps you in the correct direction.

    this direction will change but it will be clear to you...it removes self doubt.
     
    #24     Dec 29, 2019
    SimpleMeLike likes this.
  5. padutrader

    padutrader

    I prefer confirmation.....rather than prediction....but that may be just me
     
    #25     Dec 29, 2019
    misti and SimpleMeLike like this.
  6. imjohn

    imjohn

    "I don't trade trends, I predict them" - I Always Win

    :cool::strong:
     
    #26     Dec 29, 2019
    tommcginnis likes this.
  7. padutrader

    padutrader

    watch the financial magazines for his [I always win] photo on cover
     
    #27     Dec 29, 2019
    tommcginnis and SimpleMeLike like this.
  8. DevBru

    DevBru

    Do you mean you are currently profitable day trading a system on the 3 minute chart or do you mean you are still looking on developing a strategy?

    If the second is the case, why limit yourself to one time frame? You are testing, why don't you test multiple timeframes (as much as possible) to see if the strategy might perform better on a higher/lower timeframe?
     
    #28     Dec 29, 2019
    SimpleMeLike and imjohn like this.
  9. padutrader

    padutrader

    I was about to suggest the same thing.
     
    #29     Dec 29, 2019
    SimpleMeLike likes this.
  10. padutrader

    padutrader

    more is not always more of good.....it may be more of bad!
     
    #30     Dec 29, 2019