I have an ES position ADD at 1095.00 as of today. SHORT position trade is now back at 100% of the original size. I will continue to hold this position and I will update all covers. Happy Holidays! Chris BTW, SHORT Div for the 1095 entry is now at www.ttrader.com ...mycharts... CK Charts.
My position trade is now back at 100% of original size...that is it. Any one that trades a position trade must set the limit of their overall trade size in relation to the risk tolerance for their account size...you can't just keep ADDing as you have stated (?)...that does not make any sense at all? If you trade with $100,000 in your account, you as a trader would have to structure position trades according to the account size limitation. Now if you trade with $400,000 + in your account then you have the ability to trade a completely different trade size then the trader with $100,000. Account size dictates different aspects of position trades, and as a person builds their own account size then they can shift the size of entries and the gaps between ADD's. Happy Holidays! Chris
You only get wiped out if price runs beyond the range your position trade is designed to cover...as I have stated before, the institutions that trade in this fashion use a 25 pt stop for each position price entry level. You have to use a wide stop for this type of trading...PERIOD...and if you do not have the sack to trade this style, or your poor little tummy hurts when price is against you two ticks from your entry point, then do not position trade. Money is never free...you must take risks according to your tolerance level...because in the end, RISK PAYS! Chris
While Chris genuinely does seem like a decent fella, the infrequency of posts when positions are running against him combined with the overabundance of posts when prices drift in his favor is pretty annoying. Before my message gets deleted by an overzealous moderator or one on the clan of worshippers, those are the facts. It is indisputable that Chris posts maybe 15-20 times a day when the market is moving lower and maybe a handful of times when its drifting higher. Anyway, I generally dont give a damn about all of this machismo crap, but I do find it pretty stupid and more than likely quite a distraction for Chris to make his position bias known in a play by play manner as he does.