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Bumping so some discussion is obtained.

When you guys use RTM without stops do you guys average down ? How does the position management goes exactly ? Thanks

Then trade it that way and make bundle, you will see it's not as easy as it seems as the stop placement is not obvious. Sometimes the area is not even hit as it goes the other way. NH

You suspect this because what he is currently doing is ridiculous as he is working to fail short of receiving municipal bond rates ! If what you claim is what he is doing then why not just trade it that way ? There's nothing wrong with requiring 100k for every car you trade the problem is...

Why get so defensive ? Listen, this is what you are portraying. You use 100k per contract. You take 1 point profits roughly 5-10 times a month based on your calls here on the journal. $50.00 * 5-10 for the work that you do = ROFL NH

Ammo, Could use your guidance here, want to short ES and prepared to add to it, any suggestions on how to approach it ?

Keep your honesty and your discipline and you'll reach far places. As far as the previous posts, experience has taught how tough it is to make it in this business and how very few eventually make it; except of course in ET !

So where are the losers ? This site is so full of shit is not even funny. Sick people.

Update on my shorts position. Trade remains active. Resistance still intact, planning to add an identical 3rd unit short at 60.00, that would force me to use an emergency stop loss above the 1288 line and prevent me from doing additional adds which is pretty much what I had accounted for...

I counter trend by building positions, therefore, such heat is relative to the starting position size. Firmly believe price is trapped upstairs and there's little room to the upside left without a meaningful pullback first. Some basing will be required to move forward and gyrations should be...

Counter trading is infinitely harder than trend trading and once I obtain the desired pullback that I think this area will provide I will reverse my position back with the trend. In the meantime, this is an area I just cannot pass to counter. Most traders cannot do both, I can. NH

Adding equal size short at 50.00 to my 38.25, average entry now at 44.25. Medium term trade. NH

Hopefully if you trade an equity that pays div you have a clue as to what ex-divs are.

The close was 38.50 the High 41.00, what exactly am I 'photoshopping' here ? NH

Short ES 38.25 medium term trade. Size confidential. I believe calls should be backed so posting a screenshot for validity. NH

What EMG is trying to say is.... a) He does not know how to enter, so he enters with extreme underleverage and b) He does not know how to lose so he thinks every trade must be a winning trade for him to have positive expectancy That's pretty much the bottomline.

Congrats you have just advanced to next level. That is exactly correct, intraday charts are unreliable and when some paper trader says the contrary notice how they cherry pick days where it was reliable. Over the course of time they are noisy and hurt a lot more than they help. Next step...

It means nothing. You trade price not bullshit.

Be open minded. It's a great educational thread. Show's the newcomers what averaging down against a strong trend and without a good plan does. Sim or cash the lesson is there. NH

The skill varies depending on which stage you are in and since ones greatness might be an illusion to the eyes of the neophyte I will break them down by stages. In the learning years: Trading no money and just studying the markets for signals with positive expectancy without risking a...