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Thanks volpri for your write up. Good conversation. In regards to averaging in, I can see some logical reasoning for me to try and average in trades for a better position in a trade I already know have a high probability of a win. I only trade 1 contract. For example, it makes sense for the...

Thank you so much volpri for the detailed explanation. It took a few times for me to read it through and comprehend. https://www.tradingview.com/x/AZY63J2f/ here is how price action played out Question: 1. Are you suggesting to re-enter the trade after the first scalp (enter blue dot, exit...

I think you mean something like this. enter at blue dot and exit purple dot. Market just took me along for the ride and I quickly exit at bar close, expecting a pull back from the big move, rather than trying to hold 2RR or 1RR. Just have to take the profits and move on with it and get ready for...

easymon1, About 1 to 3 days. Try NinjaTrader. It is free to back test and free historical data. You can back test as much as you like. :)

IT helps sir. It really does. It great to to have conversation from other real time traders. Do you mind if I ask you another question with example related to actual risk and profit target?

Thank you and I understand now. LMFAO. I been there and done that I agree as well. Great write up and thank you. Grab those profits.

Thank you so much volpri for the detailed response. I will respond shortly after work. Thank you

Thanks for clarification. I never though of it that way, and it makes sense. So if after enter and price goes instantly (no pull back or price going Against me) to target, then my actual risk for that trade is $0?

Thank you very much volpri, See comments in red above. Well, I have been calculating and entering my RR incorrectly, because I been using initial risk and set my reward equal to initial risk, and wait most of the time. Thanks for the clarification.

volpri, For this example, I assuming your initial risk at orange dot and actual risk at red dot after exiting bottom of the TR? For this case, I am short at the light blue dot, exiting at purple dot. https://www.tradingview.com/x/vuEqgvvL/

Thank you 100 times volpri within 1 minute, :) Your review helps It seems as if I am not understanding actual risk correctly. I need to do studying on actual risk because I have been logging my risk in my spreadsheet as my protective risk (protective stop loss minus entry) and then using...

timothylee, I have two questions and two questions for you ONLY. Does David Halsey make money (year to year) trading how YOU plan on trading? Have David Halsey every made money (year to year) trading how YOU plan on trading? If the answer is NO to both of these questions, stop reading his...

This is the best comment on this thread.

speedo is correct, I fall into the "man, I wish I just I had a setup, where I can sit back and make money every day" and that setup repeat itself daily. I am fooling myself, that one cookie setup is not coming to save me. Atleast I now this.

Hello Volpri, I agree Grab them profits. I have been trying this lately. Question: 1. Does it make sense to grab them profits even if I know the profit I am taking is less than my risk? I have been trying to hold for 1RR, but scalping just seems too tempting lately. For example...

Thor, You are absolutely correct.

You right maxinger. Man, just have to watch the charts everyday, get long or get short and know where to exit. There is no short cut. What I am realizing is, I can only do what the chart is telling me to do.

Compared to choosing stop loss (risk) dynamically with real time market conditions and volatility. The same for profit target. I keep my stop loss and profit target varying to market conditions. Not fixed. I keep risk equal reward, but I also monitor MFE and MAE per trade so i see how much money...

Tradex, This was probably the best strategy I can find during my automation days. I can tell you this, trying to back test with fixed profit and fixed stop loss is bullshit.

LMFAO HAHAHAHAHAHAHAHHA I am laughing my ass off. :D:D:D:D:D:D:D:D:D:D waste of money. All that wasted money going to moon.