Yes, i960, a very important part of your statement is "Just because it eventually recovers". I have learned over many years of trading, 36 in fact, that one of the BIGGEST cost and effect on my trading performance is "OPPORTUNITY COST'. Many people seem to never factor in the cost to them of sitting in a trade over time! So what if it eventually recovers. Was waiting for that to happen the best use of your capital over that time period. How much profit was missed while waiting on a trade to develop. Both time and capital are limited. Use both wisely. And not just your time, but the time the market is moving past you. Once a trade is missed, that trade is GONE FOREVER!!!
Jealousy must suck, bro. Keep the personal comments to yourself ---- Just relaying the results of a market test across big data ( for trading) ---with a catchy headline. I welcome disagreement and think some very good points have been made-- but i don't get your gonzo hate. surf
dude, i can't stand surf with the best of them but the personal attack is childish. i'm sure you are not a 10 at certain times of the day; and/or if u have a significant other they are no 10 either. plus getting old is better than the alternative. regarding stops; i strictly trade vol futures and i have found it better now to close/stop short vol on extreme moves because the curve continues to react for days giving better entries than if i stayed in the spreads.
Don't play dumb fella. Provocative statements will cause a reaction. It's not about your findings, but you slipping in the conclusion that if folks choose not to follow your advice that would make them dumb. So, you insult me, I will insult you.
Why don't you post this on your Twitter main account or PBHFA site? As a catchy title you can add that you blew up a hedge fund (fact) and your main client committed suicide (fact) over this.
"Hedge fund" = durf trading one opm account from his laptop in his kitchen. And no, I don't believe a word about the suicide.
Stops work when they have a extremely minimal chance of being hit. Mainly the stop is set where it would signify setup failure. I.e. If price is above 50 day MA go long, and the stop is the 50 day MA.. The above setup may not have a edge.. So stop is most likely hit. Pick setups with proven edge and use stops.