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There's no limit. So if the trend continues without serious pull-backs sufficient to trigger the universal stop, you keep adding to it. The important thing to bear in mind that I only regard risk as risk to account capital: as this can never increase above 1.0 and as after 3 parallel trades it...

Never. Ever.

Yes that's right, you treat all the trades as separate - my platform allows me to display them as separate trades but other platforms might need a bit of record-keeping. But this can be done in advance once you know the distance to the SL from the entry of the first trade - after that, the gap...

Blimey mate, you're Taleb? That was a negative surprise which I honestly didn't see coming and up to now I thought was impossible. You're a clever bloke, you should give a name to that sort of thing.

Yes this is a market lesson, stops can be missed when price gaps past them. This can't be eliminated, so how to minimise the probability and the level of damage to the account? Go to long-term trading. This also reduces the total number of transactions, reducing total fees payable, and cuts...

Damn it Pekelo, you got me again!

Fair point, a balanced whole-life plan has both investing and trading. A good investor must plan to never sell. A good trader must plan to short as well as long. I am a trader as far as active speculation is concerned but I already made 4 major long-term financial investments in my life - a...

All talk about predicting in the markets makes me really uncomfortable. It suggests we really should do something because an event is predicted, while if an event is not predicted we are correct in doing nothing. A trader should always be anticipating a counter-trend move. I don't say...

I get my discipline every other Wednesday afternoon.........

Until you looked at the chart.

This is a great objection, thank you for the thought you've put into this. Most teachers of trading would go along with your view, accepting that a major objective is to use the SL to protect the unrealised gains: but that isn't a primary objective for me. The key point of departure is in how...

A strategy dependent for profitability on predicting the timing and depth of a sudden market correction is probably not a good one to follow. The process of prediction suggests a need to prepare for a unique event, implying that most of the time preparation would be inappropriate as a correction...

Wrong question. I used to try to predict price action. Now I anticipate.

Nobody knows. But of greater interest, what would be your game-plan if this is the start of a years-long bear?

I don't feel happy for any genuine trader who was hit hard by the market fall in the last few days. However, as a long-term player of this game for the long haul, I take some comfort that very very few people can parachute into this arena, make some quick millions and fly out to the tropics...

The truth is on reddit or twitter? It may be for all I know, as I haven't looked there..... For me the truth is in the charts.

Mainstream news said it was rising inflation data, causing rising probability of interest rate rises. I don't know or care, but at least I know more than the mainstream news people - all they know about markets is what the last person they spoke to told 'em. I try to avoid trading when the...

Same.

Good luck with that.

I suspect its where the data for the higher time-frame is drawn from. On real-time charts from my provider, e.g., the last 4 hourly bar of each day starts at 2200 and is labelled as a H4 bar for that date. But it closes at 0200 on the next day. If a new high prints within a bar that bridges...