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You are playing with fire here. I would MUCH rather be long HD here. Good Luck with trade.

The days not over yet. But may not have to wait till the end if the week... It poked above $20 TODAY.

Once it closes above $30- $30.50 you will see higher volume. Playing momentum here. So far so good. Also, typically volumes increase when the EMA 50 crosses above the EMA 200. That will happen in the next few days for MOS.

Well my original short was at $786. This is a smaller add on short at $775. My stop is just above $782ish now so at worst I am slightly profitable.

Adding to Short position at $775.15.

We might see $20 before the end of the week. UP to $19.70 premarket already.

MOS looks like it's about to breakout. LONG yesterday morning @ $29.03

Went LONG MU @ $18.64 at market open this morning. Upside target $22.50.

Looks like I am getting that pop in LVS. UP over 2.2% today. Probably adding to position in the morning if I can get today's close price or better. Expect $75 target price. MGM just broke out to new highs and WYNN also had a strong day. That's ~20% upside from current levels. Moving stops up a bit.

I don't know where my 2nd leg in will be or if I even get one. I wait for my charts to tell me. right now I have a "don't buy" signal. But with futures looking the way they do that could change early this morning. It depends. I usually do not buy on gap ups so it will depend on what price does...

That depends on your risk tolerance, stop loss placement and capital you wish to devote to each trade. Yes there are times where I may have my entire account in 2 or three trades but more frequently I have them in 6-7 at a time. I don't know how you do it but I set my stop loss price, then...

You are mostly right in how I do it. But I am NOT the end all of how to do this. This is just how I FOUND it worked for me. I have set rules that I NEVER add more than 3 total positions on a trade. !st is the 0.75% Initial entry. 2nd is the 0.25% IF AND ONLY IF I get a price drop from...

Think of Expectancy as your profit in a business. Expectancy = (Probability of WINNING × AVERAGE $WIN) - (Probability LOSING × AVERAGE $LOSS) This number has to be Positive. 1) If Win Rate is 70% and Average Win is $50 and Average Loss is $100 then Expectancy = [(.70 * $50) - (0.3 * $100)]...

I think you and I are saying the same things. Just in different ways perhaps. But a Holy Grail system is not one with a High Win Rate. Nor is it one with the Highest Positive Expectancy. Its the one that had BOTH and then you maximize it with PRM. Most systems have a blend of win rate and...

I will agree with much of what you said BUT I think you should NEVER mention Eddie Van Halen and John Legend in the same sentence. You are insulting all us Van Halen fans. LOL:cool:

Because you can set your target at infinity if you want. You dont MAKE your own odds. IF i did o would make my odds 100% that I make $1000. It isnt an ATM that you just withdraw money out of the market. I frequently have trades that have a R:R of 1:6 when I initiate the trade. I don't know about...

Now, I am a big fan of Van Tharpe's teaching and PRM but any trading system still needs a positive expectancy to make money. I know this is a long post but please read in its entirety. Or if you think I am full of it just ignore me. PRM actually is to eliminate or minimize chance of ruin and...

I appreciate what you say but I don't trade on gut feelings or fundamentals. Often times people with differing methods can come up with the similar trades. As mentioned above this trade did NOT fulfill my last entry signal criteria but I know where this SHOULD retrace too so I took the trade. So...

I kind of agree with Both CyJack and FON. I use 0.75% risk on each trade at initial entry. Most of the time (~80%) that is my only entry until the trade is profitable. If the trade proves profitable and my trailing stop is NOT hit yet there is a retracement and I have another entry trigger I'll...

A couple pearls I have found over the years studying this same thing: Pyramiding sounds like a basic and intuitive thing "add to winners and cut losers short quick"...right? Not so fast. Adding to winners CAN result in a fabulously profitable trade turning into break even or small profit if...