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Letting winners run is why most traders lose. They are never satisfied with what the markets hands them. They gotta get more and more. Then they find themselves going from paper loss to real loss when the pain gets unbearable. But really understanding that the market cannot go straight up or...

Absolutely not. It is actually a poor use of capital. J.M. Hurst dealt with the matter but it seems no investor cares to hear of it.

I scalp 1 to 8 points. Yes, I suck money right out of others people’s account. You hear that sound? It is a vacuum cleaner. The traders equation put the odds in my favor. P.S. And I am not young. I don’t reckon. 65

Lol I do my looting in broad daylight. I take from others what I did not work for. The store I loot is called the ES and or MES. Sometimes I will hit the iconic YM or NQ. I work alone in the daylight. Guard your store (your trading account)well....you never know when I will show up.

I use The Traders Equation to structure my initial entry, SL, and PT then once I have the position on I am constantly monitoring it as the trade dynamically unfolds. Depending on the dynamics I may adjust my SL and PT.

You guys like my tomatoes and squash plants? We already harvested and ate our lettuce, and collard greens. The tilled up area I will plant in peas and butter beans. Bought some butterbean seed today.

Nice to eat the fruits of one’s labor. Kinda like trading? Here are squash, zucchini, pickling cucumbers, potatoes from my garden. Wife is getting some ready for the freezer and I been eating some. Battered and fried. Mmm mm! Also fresh french fries Mmm so...so...tasty. Kinda like scalping.

Another cowboy bit the dust. Long scalp. BYE for now. Ya'll come back. Got to run to the feed store and buy some seed for the garden. Wife wants to go. Will be cheaper than Dillards. Grab them profits! A bird in the hand worth 20 in the bush. LOL

LOL

Doc Holiday is too fast for the cowboys. I'll be their "huckleberry". SL's ? Remember ...The gambler "you got to know when to hold'em and know when to fold'em know when to walk away and know when to run you never count your money when you're sittin' at the table there be time enough for countin'...

See Eastwood a fistful of dollars in say 25 to 30 minutes (as was a 5 min charts) and the mule is happy too. The losers were the cowboys that tried to hold short. They should have jumped out as I was pulling my pistol and jumping in!

My trading account likes averaging down, Just took and exited this averaged down LONG trade in ES. Good for over 650.00. Quick bucks. Grab them profits. Trip to Dillards?

No no no Eastwood I grab them profits and average down them losses if the larger and immediate dynamic context supports averaging down. Then exit the averaged down with a profit. Like Doc Holiday...I say to the market “I’ll be your huckleberry”

ROFLMAO

Bingo...bingo...bingo. Congratulations you have escaped the pundits and guru’s malarkey. Grab them profits. Keep that high win rate up.

Lets revisit the three trades of 5-28-2020. I took 3 trades that day. I will repost the NECESSARY charts that were posted on 5-28 to make it easier to follow along as I make comments. Here I will call them charts 1-4 even they may have been label differently in my post on 5-28 The first and...

I will discuss this trade #2 made Friday, an “averaging down trade” over the weekend.

I use hard stops rarely trail them but if I do it is manually. Since I scalp I am usually out pretty quick. If I go for an intraday swing of 2 or more legs in say a MM I may trail it closer as each new leg starts but that trailing is always done manually.

Well the day is over with boys and girls. I only made 3 trades today. Here they are on the end of day chart. Got real lucky (although I don't believe in luck) on trade 2. Nevertheless, I can't say it was skill on trade two ROFLMAO. More than likely the market just felt sorry for me! Don't you...

Looks like a missed a 4th trade going long near that 20 ema. Too busy typing previous post. Back to painting. ..if I can.....