Great stuff.. i would add entry is easy...when to exit that's hard. almost every trade i make is immediately green..but i hold because i want 5 or 6 ticks rather than one or two. and almost always in heavy traffic ie periods of volatility. i know when to get IN, but can anyone tell me when to get out!!??
I can tell you when to get out. Get out at the most profitable tick! Now ask how to know that tick. The answer is that it is not knowable. Now ask should I use a fixed target, a measured move, a trend line break, a ma crossover, a s/r exit, etc. The answer is "yes", but the most profitable strategy changes. Got it!
I've tried everything I can think of, even exiting after 2 or 3 green ticks. For 2 or 3 or even 4 trades that works great, I feel like I'm in the zone then ...next trade I take a 10 tick loss..and my previous hard work is all gone. Where should I get out? What can tell me where to get out at the best spot? My entries are flawless, it's my exits that are killing me. Please help!
If you are a troll, you play the part well. If you are a newbie trader, you have a long way to go. Either way is fine with me.
you should keep the realized Pnls of your next 500 trades, and see what your "expectation" is per trade. if it's negative, you need to change something.
Thank You for the kind words BA What shall we call it â possibly⦠How to repeatedly kick your self in the testicles â and like it (A dumbass traderâs journey into trading) :eek: Here's to all of us... and keeping our losers small - while allowing our winners to grow big RN