Trading the ES live-the Brooks way

Discussion in 'Journals' started by padutrader, Aug 18, 2024.

  1. Overnight

    Overnight

    My bad, I did not know this thread was about sex and all of the foibles that follow it.

    Ug.
     
    #881     Aug 31, 2024
  2. themickey

    themickey

    If I have a 1c penny stock gapping to 5c on some fantastic news, how many percent is that?
     
    #882     Aug 31, 2024
  3. Overnight

    Overnight

    That is a 500% gain in the stock. But in a trade, it is a 100% win rate.

    Why are you people being daft?
     
    #883     Aug 31, 2024
    themickey likes this.
  4. themickey

    themickey

    400% gain
     
    #884     Aug 31, 2024
    rb7 and Sekiyo like this.
  5. themickey

    themickey

    In our nature :)
     
    #885     Aug 31, 2024
  6. Overnight

    Overnight

    Whatever. The point is about win-rate. You cannot have an absolute win rate over 100%.

    Unless you had a time machine? FFS. Pfffhhht.
     
    #886     Aug 31, 2024
    themickey likes this.
  7. volpri

    volpri

    Sorry IMO your index card makes no sense for trading and I am not sure that it would help anyone. OTOH Brooks stuff is very useful if one has a mind to learn what he teaches.
     
    #887     Aug 31, 2024
    HawaiianIceberg, padutrader and Darc like this.
  8. Darc

    Darc

    Yes, of the Chapters of Brooks first Book I've read, I'm certainly not throwing it away.

    I am incorporating some of it into The World's Greatest Swing Trading Strategy (TM).
     
    #888     Aug 31, 2024
  9. Wide Tailz

    Wide Tailz

    Friend, it does not matter in the end. You're either driving a lambo (or slinging several planes / chopperz), or you're reloading your account OVER AND OVER!

    If you turn this into a calculus problem and take the limit as time approaches infinity, you quickly discover there are only two outcomes:

    1. Financial Independence, due the compounding nature of consistent winningz

    2. Insanity from blowing up again and again.

    Are there any members on this site who seem to be going crazy? Their win rate is too low, obviously!

    :D
     
    #889     Sep 1, 2024
  10. Overnight

    Overnight

    Umm...

     
    #890     Sep 1, 2024