Recent content by stonefreetall

Like anything in life, you need to be focused on the process tweaking and monitoring. The trading business is a business. My advice to you is, trade for your statistics, not your profit. There are maby setups that can be prifitable, but very undesirable statistically. Improve your statistics...

Pair trading is great for temporarily hedge risk in swing trading when trying to pick tops and bottoms. Instead of going counter trade, hoping to be right , you mitigate risk by hedging, with a profit taget 70 percent of the distance between stoploss and entry. The hedge stopless will be equal...

Its a laid back approach that one can use with a big account. If you have a million dollar account in stocks, it quite simple to make 2k everyday on average with 3 hours of trading. And yes I suppose some big traders do just that.

I will ask this. In ES on the intraday. What would would be a profit target you can always take with open arms. For me it is 20 points. In CL it would be one dollar move. Lets me catch that once a day and close the trading platform then and there. You need to know where you are going. There is...

Scaling out is a way to finance your stop loss, or accounting wise to cancel risk on the deal. If you scale out you have to let the remaining trade run, because the realised profit is just a form of a hedge. You can keep your stop without risk anymore, or move your stop back to keep the same...

It depends on the instrument. For instance, in crude oil I would always prefer a tight stop. Why? Because I know CL has on average at least 3-4 times during the trading day when it explodes at 40 ticks in any direction. Even if I lose on three 5 tick stop trades for every explosive move in crude...

You can be creative with your stops. You can have a max risk per trade and an average risk per trade. Lets say your directional play is pretty solid, but you are weary of noise or certain volatility. Lets say you will not assume more than 1% risk on each trade. Thats your max risk but not the...