Search results

Why?

Bollingers? What specifically?

Ok oldtime-- what does determine an "edge"? Surely there must be a way that you don't find comical? Because otherwise- your comment can only mean one thing- that u believe an "edge" does not exist... period. When you reply- pleasr incorporate probabilites into your thesis and how this...

Why would you ask such a thing? A full postion with a stop above is all you needed on this chart... the need to consider averaging down never materialized. And Im not referring to just one specific entry location either. If u come back and tell me it did- the first step for you will be...

You have two big problems that are far more pressing to address than whether/how to average down: 1). You have no edge (if u did- u would know it). 2). You need to stop entering trades within the chop. Every day-- I dont car if its an inside day...outside day... gap and run... gap and...

So have you applied the principles that I recommended long ago yet?

Buy deep iTM money options with a delta of .90 or higher.. basically acts as a surrogate for the stock... providing leverage with considerably less capital outlay... allows you to capture the majority of the underlying's move... and since high delta virtually eliminates the effects of time decay...

Look -- let' say price has deviated from a mean-- let's just say for example-- price falls outside 2 std deviations on a 15 min chart-- outside of approximately 96% of its normal distribution range. A large candle spikes through and significantly pierces a 20ema bollinger band-- into a level...

You aren't getting the problem here. By assessing your total risk (loss) in advance (which is very good in and of itself)... yet starting a position size that is considerably smaller than your full position-- you immediately put yourself at risk of having the trade go in your direction and...

This is a straw man response. Never did I say anything about picking tops and bottoms perfectly. What I said was referencing "making mediocre initial entries that clearly have lower probabilities..". BIG DIFFERENCE.

So since you declined my last request for five of your last trades where you averaged down... how about just one? Entries and exits. Just one example. If you state that there is a certain trading condition where it provides an edge... certainly you should be ready, willing and able to...

My pleasure. Not sure if you have read Trading in the Zone by Mark Douglas-- if not-- I highly recommend it. It presumes the reader has an edge in the market... and deals instead on the psychology of trading and "pulling the trigger". Major eye opener and life changing event for me...

Here's my point: At some point-- your average down entry FINALLY found a level in which price FINALLY turned. In most cases-- there is not a shred of doubt in my mind that you could go back and look at the charts in multiple time frames... look at the relative strength/weakness from prior...

Look... if you are constantly getting stopped out-- the problem won't be solved by averaging down. You need to learn to identify the areas of highest probability... highest profit potential... with lowest risk on the charts. Key areas of supply and demand. There are specific criteria that...

Absolutely absurd. Position size is EVERYTHING. You MUST risk the same amount on every trade. If you don't... all other stats are meaningless. Why? You can be 90% right on a 1:1 r/r but only be risking $ 100/trade... then you get cocky and decide to risk 10x the amount and lose...

I cannot stress the importance of a trade plan enough. For those who are reading this thread and still not quite sure where to begin-- a plan should include the following: Mission statement Goals and objectives General trading rules Stock specific rules Trading environment info...

Great thread XB. Was curious if you have given any consideration to proper position sizing in your risk management? Here's where I am going with this: It's my understanding your setup involves identifying an area on the chart/s that provides for a "join the trend" entry on a pullback...

Hey Olix.... Do you think Scott Redler is a scam? Mike Lee? Steve Levay? Pete Renzulli? Mark Sperling? Evan Lazarus? Check out T3. Real traders. 100% total transparency. And they offer education and mentoring.

3 days to clear on stocks. Trade deep in the money options with tight spreads with a delta of .90 or higher in lieu of the underlying to overcome this delay. If u want to primarily be flat end of day and are trading on small timeframes-- weeklies are best -- lowest premium -- and by going...

Ya just as I suspected... u fail as a day trader and then 1 month later post how day trading is for losers... then when called on the carpet you resort to name calling....