80% win rate, you don't understand, how I'm trading it, not going to explain all in 1 hit, the big enough picture is there, no need for bigger only adds to confusion. Where is your method ? maybe you should share there to ?? Then he can learn from both of us!
I thought you'd never ask. Get some help. Writing quips all day long to push other people's buttons is sad and disturbing. This site deserves better.
You misunderstand, the OP is your fellow trainee. He hit some rough spots earlier and I was feeling sorry for him.
He's got you there EJ Your a longer term investor trader, so to you, ofcourse there ridiculous anything less than 100pts will be, so why bother to comment on a intraday traders SL levels ?? And if you want to help, don't just post a negative comment, try helping and explaining why you think this maybe ?? We are all traders here ( some sellers of methods ), lets stop ripping each other off and trying to teach methods which are ludicrous and doing way more harm than good.
With my last attempt at prediction being a failure, I am doubling my efforts and trying again. This time I will deploy curve fitting strat that I heard so much about on this forum. So, the number of points below the lower arrow is .... 101 points. Ahah (doctor evil expression) !!
Your a longer term investor trader, so to you, ofcourse there ridiculous anything less than 100pts will be, Stops are ridiculous for day trading__ Stops need to be much closer escpecially when he is trading countertrend like he is. Absolutely too large
So in short, you set a 100TP target with no SL and you hope for the best right ?? What happens, when it goes the wrong way and keeps going the wrong way, what's the plan ? do you just hold for ever ever if need be ? or exit when the trend changes or at a certain loss manually ??
That's better and agreed, although better off getting him to stop trading countertrend, strangely we all start off countertrending and it's a hard habit to break, much easier on the other side.
Countertrend is ok but must be nimble. More latitude should be given to trend trades. When trading, you need to be out right away . Right away is dependent on risk level and timeframe. Never lose more than 2% of TLNW on any one trade/idea