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Yes Red, that about sums it up, whilst always keeping a weather eye out for that large/catestrophic risk. Cheers John

I tell you what I will do for you Joe, I will call you out for the narcissistic troll that you are. Fair is fair, you do want me to make a call don't you. I await your invitation. Cheers John

Hi RN, Virtually every trade I enter will start with a drawdown, I welcome it, bearing in mind that I scale in to my positions so it's not about recovering but making sure that I have some skin in the game. I look to buy the bottom quater and sell the top quarter of the range. The only time I...

How bizzare, you actually believe that you have provided something of value in your post.lol

I don't know what you trade shares/ derivatives, but perhaps finding uncorrellated markets and then putting 1/2 your position long on the bull side and the other half short the bear side, will help to smooth out the risk. Cheers John

Hi EJ, Might I suggest that you read thru the thread from the beginning paying particular attention to the posters that I thanked, you should then realize why I and others don't agree with your comment. This will save a lot of wasted effort. Cheers John

I just want to thank Epic, Ammo, The Magican and the others that made meaningful contributions to the discussion, very interesting. Cheers John

I do much the same, the problem is that if I keep adding then the spectre of catestrophic loss rears it's ugly head, at some point the drawdown characteristics will inevitably turn into a market reversal and I don't want to be overloaded at that time. My success relies on many small- medium wins...

Thank you epic, you saved me a post. Cheers John

I have to agree, an integral part of my approach is to increase position when in drawdown, in fact I welcome the drawdown with open arms, more profit potential. It all depends on how you trade, if I was taking an outright directional bet though I would not increase size as you are carrying...

The problem with this comment is, The Theory of Runs, and it will happen and you will be wiped out. Cheers John

Hi, Thanks for the post, very interesting. My observations reflect the market constantly evolving where periods of both Reflexivity and Equilibrium occure for random periods. The trick to capitalizing is to know what phase the market is in and then act appropriately. On another note, I suspect...

Perhaps a blue chinese dragon. Cheers John

Joe, There is nothing that anyone can say, where you are not going to deride, disrespect or abuse. At no time have I seen you post anything that anybody could use. Your one goal in posting on a thread is to gain narcissistic supply at everyone else's expense. You are very obviously personality...

Joe, you just can't help yourself can you, we have done this waltz on another thread. lol " And Jesus wept" lol Cheers John

That's why I defined my view regarding what PA is to me. Most people simply don't get the idea to throw everything away and look at the action unfolding in front of them. What is even harder is to then act confidently, laying large sums of money down, even though you don't know what is going to...

Hi EJ, I don't doubt that you have never seen it done, because like me, most/all people wouldn't be prepared to post this information online. It's not about an edge as my whole approach could be described as my edge, but rather that it is private propriatry information and no business will share...

I don't think it's a contradiction but rather that people define PA differently, the joy of the english language. Cheers John

Hi note, Yes that was me and continues to be my view, thats not to say other approaches can't work, just that I haven't been able to make them work. After about 10+ years of TA/Charting I developed my current approach and have basically operated on and off this way for 15+ years, although...