The days when trend traders get kicked hard?

Discussion in 'Trading' started by tradingjournals, Oct 19, 2011.

  1. Mav88

    Mav88

    I bet gold is his code for Cialis
     
    #11     Oct 20, 2011
  2. that would explain the ambulances at his house every four hours
     
    #12     Oct 20, 2011
  3. Visaria

    Visaria

    Widen stops, trade the trend which is strongest, lower position size.

    P.S. When did grandpa turn 65?
     
    #13     Oct 21, 2011
  4. right at the bottom, his last dying words were "sell at $1900"
     
    #14     Oct 21, 2011
  5. Visaria

    Visaria

    Hope u followed his instructions and that he left you the money :D
     
    #15     Oct 21, 2011
  6. no pain no gain, probably the best trend following system is the one that messes you up most in a choppy market. Of course, most of these systems assume you will live long enough and have enough money left to endure the chop before it finally starts trending again. Kind of hard when you hear some old battered trader state that most markets chop most of the time.

    I'm a trend follower, but my system relies on the hope that I will die before it starts chopping more than it ever did in the past.
     
    #16     Oct 21, 2011
  7. when I was a kid there was a tounge in cheek artlcle written by a CPA who was so conservative that he never would buy a stock, but he loved horse betting, and he used the actuarial tables to determine when in a mans life it was a good idea to martingale.
     
    #17     Oct 21, 2011
  8. $1900 gold? that's just crazy talk, gasoline would have to go to $4.00 a gallon before that would ever happen. Dream on dreamer, you might as well be trying to sell drinking water
     
    #18     Oct 21, 2011
  9. Most traders that have excelled in this game don't have a markt-type they can't trade. I would suggest that if you can't trade chop, you probably can't trade trend either. Or when the trend changes you get eaten alive. Either way, you need to better-research what's going on and then work on execution. Stop trading or trade very light.
     
    #19     Oct 21, 2011
  10. Visaria

    Visaria

    I don't know how to trade chop apart from just ride it out and hope the drawdown ain't too big. The problem is that one does not know when the chop will end and when the market will trend again.
     
    #20     Oct 21, 2011