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I don't know the details of LTCM, but I'm aware that they were massively leveraged via derivatives and anything that spooked the markets placed them at enormous risk. I believe they were controlling over a trillion with 4 billion. Interesting that a "hedge" fund had no hedge for this...

That's exactly why I no longer use the strategy, because psychologically I just can't bring myself to add to winners! Is that crazy? Past few months I would sometimes put on small size thinking to average if price moved against me, then price moved nicely my way and I'd be pissed I didn't...

RN, thank you so much for this insight into your trading. I've sometimes done similar tactics, but always with a max loss chosen in advance.

First, make sure colorful green and red bars appear on your chart as price goes up and down. If a price bar is green, buy; if a price bar is red, sell. (I would like to personally thank TheAngryHermit for this valuable insight.)

Thank you for your kind words and visions of many dojis :cool: Quite often I only put in a VERY distant disaster stop that honors my max loss pertrade, but many of the setups I trade on are SO well confirmed that any invalidation of the expected price action means I want out of the trade...

Interestingly I've been quite sporadic in the chat room for the exact reason that I have so much trouble focusing as it is and if I'm testing strategies in my sim account I really can't even have the chat open, no screen space for it on that PC. I agree that I need to get serious and become a...

I agree completely that timing is everything, and definitely this strategy is contrarian (as am I, looking to counter-trend my way into the new trend whenever possible or looking for reversion to mean on over-extensions in a range).

I was comparing the two strategies in my sim account, not my live account. If I actually traded an account the size of my sim account I imagine I could use my leverage as an "edge", compensate for an inability to choose entries wisely by averaging down for quite a long while. But because I...

I place an initial hard stop at the price level that would invalidate my trade. This serves two purposes: 1. Gets me out of an invalidated trade automatically, which basically prevents me from acting improperly on thoughts such as "Oh I can give it a bit more room..." or "I could just hold...

PA, after months of testing averaging vs exiting and re-entering at a better price in my demo account, here is the result: Averaging "feels" better because you don't have to realize a loss, therefore as long as it works, you are always right. You can average into a loser until you have a $5K...

RN, I had this happen yesterday and the inside bid/ask didn't even move; my STP which was quite some distance away from the Ask suddenly turned black, I was down $78 and price continued from in what would've been my favor. I don't really understand how this happens. If for example the inside...

Thank you for your kind words. I'm laughing because early in the day I had my finger on the ES short trigger @ 1110.00, when it pulled back from a lightly lower high, then I inexplicably changed my mind. However, I'm sure if I shorted there, I would've stopped out @ 1109!

As always thank you for your encouragement. I definitely forgot to take my ritalin today :p My goal Monday is to focus on one thing from the open. I haven't yet chosen what; I will review my faves in various time frames and decide over the weekend. ES certainly looks ripe for a bounce, but...

Thanks PA! Bighog posted this one for me quite a while back and looks like I need few more "listens" :eek:

-$212 Day +$669 Week +$2032 Month I’ll document my mistakes in depth today because it was nothing more than the mental game that took me down today when in fact the trades I put on would’ve brought in $2000+ if I’d done NOTHING MORE THAN simply leave my initial stops in place and...

- $212 Day (17,000 shares traded, $91 of the loss was commish) +$669 Week +$2032 Month How did today happen? I put on several great trades, cut the profits short, then later churned around in the muck trying to "get back" what I left on the table. If the ONLY thing I did differently...

I will use X as an example since I originally planned to trade it yesterday, using larger time frames for my setup and then planning to use very short time frames for early, thereby attempting to catch the beginning of a trend from the opening move which is usually the strongest. I chose X...

I really have no idea if I would act differently because I've been watching these same charts with these same indicators for over a year now and I instinctively react to stuff I see onscreen, taking it in as a whole picture and working to get better and better at simply responding without...

+ $757 Just one trade today, then spent a lot of time studying time frame confluence so I can better take advantage of opening moves.

+ $757 I decided today I would totally focus, no distractions. I also decided to choose only two trading vehicles to make focusing easy. I chose ES and ESRX as my main watchers for the open. I guess I enjoy trading with E’s (that's for you Jeg). :cool: Shorted ESRX @ 87.98, pullback...