How did I start today and have three points of loss if I use a 1 point stop?
The maximum you can lose by using a 1 point stop is 1 point.
You seem to have a point of making things far more confusing than they really are.
Let me make it more simple.
1. You make...
There's nothing confusing. I will take the opposite of each trade you make. If that's hard to understand, then if you short 1128, I will buy 1128. I will use a 1 point stop, and a 3 point target. Using a the standard minimum risk to reward ratio will beat your so called high probability trades.
So, did you have any signals today.
I spent six hours reading that sheet you posted, but found it has more contradictions and more allegory than the bible.
I then contacted my friend who's a senior analyst at NASA and he had the NASA super computers run through it, but they too...
I'm stating for the future, I will continue to take the exact opposite of every trade you make, and I will use a 1 point stop and a 3 point target. Let's see who makes more money. You with your high probability trades and bad money management, or me, taking the opposite side of your high...
But these rumors of banks being forced to buy back mortgages from Fannie Mae began a couple of months ago. Since then the banks have been steadily selling off. Even WFC has been getting punished.
The financial sector itself should do much better than the big banks. Stay away from XLF...
Scratch that, I'm going to go with a 3/1 ratio, and do the opposite of you. That way I can began this journal ahead.
On the first and only trade I made 3 points.
Total win= 100%
loss = 0%
Total profit = +3 points.
Doing the exact opposite of the OP I am up = 300%
There is no such thing as a high probability trade set up that warrants risking 5 points to gain 1. That is just so newbie.
Even if you could 100% for 8 trades, only two losers would put you negative.
If the probability was so high, then why would such a huge stop be needed? Not...
In all honesty, if you could get your stop losses smaller, you would also increase your reward at the same time. Then you could take less trades, and make some real money.
Most people don't realise that for over 10 years now we've had job destruction each and every year, not even including population growth.
Also, we've supposedly added jobs this year, but not enough to even keep pace with population growth.
The unemployment rate for young black men...
The 70 billion has nothing to do with the freeze. This is what BAC may have to spend to buy back mortgages from Fannie mae. The other banks are all on the hook too. The original figure was possible 40 billion for all the major banks combined, but now this article says 70 billion just for BAC...
Hey win born, I'm not asking for proof, I'm just stating that I already know this is going to be a giant joke.
It's called experience. It's called, I've seen this stupid shit before, and I've tried this idiotic approach to trading before.
Been there, done that.
Let's just sit...
Ah, this might be those pivot farm scammers. They sell power zones just like these. Let's hope he keeps posting, so everyone can see how worthless and idiotic it is.
Hey all, I'm a real dumb ass and I'm going to risk 5 points to make 1 and be proud that it worked.
They're being hit by a triple whammy. One, they could lose the benefit of the government pay every one's tuition, two, people are figuring out they're a waste of money, and three, just wait for the lawsuits to begin.