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Well by doing this you would be interfering with the one variable that gives this strategy any hope, high accuracy. NAD

There is no danger in trend following, the danger is in irrational money management. NAD

There's a a fundamental flaw with your concept. You need strong retracements that end up resuming the trend to make good money. Yet strong retracements might increase chances of trend reversals as the strongest of trends do light pullbacks. The concept of making money with a light...

Absolutely agree. In a strong trend the least probable next move is reversal. Consolidation, continuation, failed breakout, all very high probability but full reversal ? Highly unlikely. This is probably the biggest hurdle newcomers find during their beginning years, they find themselves...

I respect your style eventhough is the opposite of what I do, however, one thing Ive learned over the years in trading is that there are many ways to make money in this business, but it's up to us to find and pick the way that suits our personality. Wanted to comment on your post, so what if...

I'm not as precise as some folks here. Such imprecision could mean I'm early or that I'm dead wrong on direction. However, I don't know this until the future speaks, therefore, I must protect my capital until plenty of bars are plotted. Some might say for instance, you are wrong when...

NoDoji, Thank you for visiting my journal, I want to take this opportunity to tell you how much I enjoy reading your price action related posts in this site. You are a joy to read and a well of great trading knowledge. NAD

Bought some SPY in the morning. I was not around to manage it but when I came back before the closing bell it was so strong I decided to keep it as swing until Tuesday. Have a good long weekend everyone. NAD

Very pleased with JPM, see no reason to sell or scale out. Letting my good winner run. Off to an early weekend. NAD

JPM position: NAD

Witnessed a very tight range in the market today, possibly precarious to INTC and JPM earnings. Once the market pulled back I used the opportunity to add 500 shares to my current JPM position. I now own 2500 shares of JPM going into earnings with an average price of 39.25 from 5 adds...

No trading was done today. This cold weather is killing me and when I'm sick I don't like put money on the line. I did monitor the markets. NAD

I trail, I don't let it go too far against me precisely because of what you mentioned I could also use individual stops if I wanted to. The way I trade I need to see price confirm my theory of direction before committing more capital this prevents me from having catastrophic losses and...

I trade from work because eventhough I'm consistent in my trading those monthly responsibilities get in the way of raising trading capital. Make sure you have adequate capital before you commit to such decision. Being profitable is only part of the winning formula. My two cents and good...

Did some minor scalping at the end and got me more minor gains, seems like the broker made some money too, but I made 4x as much as them, so no complaints. Was a complicated day. NAD

Well, the pyramid I was building fell apart out of nowhere with a sudden fast selling move during lunch hours so the position I was building was trailed stopped for minor gains. During the sell off I saw an opportunity to buy but it seems I was too early, thought it was real good, so took it...

This morning after the market opened, saw some minor weakness due to a right shoulder so decided to short it small and added as the market confirmed my analysis. We got pretty fast to a nearby support area in which I got trailed stopped and reversed due to bull strength, slowly building a...

I don't always add to winning trades, only when I feel we haven't reached the primary target and strong price action develops as we get there. If after I add I witness the opposite, I bail. Like today, I was long off the bottom, we reacted nicely and added some shares then we retraced abruptly...

100 share afterhours trail was stopped out breakeven due to slightly dissapointing AA earnings. NAD

That is correct, it was a mistake due to desperation. No real complex logic, just a human being making mistakes. NAD