The myth of letting your winners run

While I am waiting on another PB I'll just grab me a quickee 1 point long scalp. Locking in them profits.

 

As you can see it is around 22 bars since open but it has broken north of the sideways move and held. So unless we get a deep PB into the range I will not be shorting. It is looking more and more like a SPBL trend from the open. The tactic is to buy PB's and exit swing highs or moves up over and over. We will see what does. I adapt on the fly.

 

Good for you.

But again, these are after-the-fact trades.

 

Gotta eat breakfast.

 

Well now I can't show them before they happen can I? These are live as my platform places the little triangles.

 

Another cowboy bites the dust. locking in them profits while eating breakfast. Average down long on a PB.

 

Wait a minute my friend, why did you select 60 trades in this "Profit at 2R" example, and only 10 trades for the "Let your winners run" scenario ??

 

Well, you could start a trading Journal here on ET and post your buy/sell signals as they happen.

 

I gotta go work in the garden. May squeeze off another trade before. We will see.

 

I have an extensive detailed journal. I am posting trades as they happen. Have been all morning.