So we made it almost to 04. The activity around 00 will most likely be messy. I'll see what it is before deciding whether or not to exit and re-enter. As of now, we're looking at a 75pt trade, so I'm not real concerned. In any case, I'd like to get this settled before rollover.
Buy1Sell2, you have made numerous comments which I presume are somehow indicative of a trading methodology from which the casual reader would infer that you trade profitably. Your constant post seem to suggest that you want to share. Why don't you start your own thread and step by step layout your approach. I am sure you will have many followers.
False by omission. While the market does not care what your risk/reward ratio is, it is not just in the mind of the trader. It is also in their P&L. Those not getting enough reward for their risk will necessarily fail. Emphasis needs to be placed upon this aspect of trading and it is not being represented here.
The "reward" is purely accidental. It is not possible to determine in advance what reward the market will provide. Guessing correctly is not the basis for consistent profits.
I realize that readers aren't exactly on the edge of their seats over this trade, but for the sake of at least temporary closure, I should point out that I exited the trade yesterday and will look for an opportunity to re-enter. Any updates will be posted at TL.
Well, actually DB, I am on the edge of my seat. My etf trade is still short and now looking for a place to add. Very much appreciate this thread as well as the others
Well, everybody's rules are different. For me to have remained in the trade would have been just a bit too hopeful. But then I don't have any issues with re-entering.
The trade revealed 3 postings prior is nicely taken after reflection upon the market noise that had already occurred during the time period when the transaction was consummated.