I hope people will have enough sense and I will not have to do that and that THEY will start contributing in a positive way. I read many of ND's posts (it will take time to read all 9,000+ posts) and I appreciate her comments and offer to help me. I have developed my own system and most of the time it is quiet in the chat room (there are only 2 people in it) but sometimes a single sentence from my co-trader can influence what I do next. I am reading those now. I got to that conclusion a while back since each one of us is unique. Thank you for your advice and the time you spent writing it up. Gabe
I had my 1st day of trades with the modified system. A little rocky but seems ok overall. For some reason I cannot upload any type of file. Any ideas? This started after the site update. Gabe
Sure, like I said, this kind of subjective probability weighting is more advanced stuff, and works no doubt. But my point is that you cannot do that unless you can differentiate between two instances of the same setup (say Ross hook in a range vs. in a good trend), and that's not possible when starting out with a particular setup. It only becomes possible with sufficient screen time.
Ok, I see; I rarely use fixed targets myself. So then an increase in volatility should only be seen in the variance of your returns...
Some sanity there. This is why modifying setups at infinitum is not always the best course of action : better develop the eyes on the nuances of a given setup. And this takes ... what people do not like to hear : screentime. lol
Since uploading images at this time is not possible I'll just fill you in on my progress (or lack of). 87% losers today. 1 definite revenge trade and the rest seem to be by the modified rules but maybe my stops are too close (or the entries are not valid) Quite frustrated (at least those out for blood will have a field day once I post my charts). In sim over the weekend I was doing great. Go figure. Gabe