90% winrate

Quote from logic_man:

Whether or not you are a loser remains to be seen. If you don't achieve a 90% win rate, then, by your own standards, you will be a loser.

I didn't set that standard, you did.

As for the whole "trading stresses me out because I'm so good at it", yeah, right. And trying to sleep with supermodels stresses me out because they're always so willing and that just means I'll have to stay up all night having sex with them rather than get some sleep.

But, ultimately, whatever floats your boat, ace.

Nice call on corn, but the way you set your stop is laughably amateurish. Stop right above the high? Really? You might as well put up a sign on your trade saying "Hey, come take out my stop!!".
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Any idea who Scott Redler is? Think he's an amateur too? Any idea what his experience is and how he trades intraday? Have u ever seen him call out trades and where his stops are? Any idea what his success rate is and why he is constantly grillled by the cnbc talking heads for his TA calls? Ever watch a morning call video or daily market wrap video on his macro & micro breakdown of markets & high beta stocks? The only amateur evidence I can see is what u will see if u look in the mirror...
 
Quote from Wide Tailz:

I've been very interested in your trading methodz. I'll be following your moves, if you keep the journal going.

I think you do so well because you are obsessed with limiting risk.

This was the game changer for my own trading - deciding to put risk management before everything else.

$$$
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Amen brotha...
 
Quote from HATEtheRisk:

Of course.

Important is WHEN to enter, not where.

Timing is everyting, only then you can use tight stops and have a acceptable good risk/reward quote on your trades.

Thats why trading is often compared to brain surgery, because the detail is so important, in the matrix of matrixes, in the boxes of boxes, in the pattern in pattern, in the timeframes in timeframes.

I told you, my biggest and last mistake i make is to enter to early, what can have very bad results, because of my tight stops.

But for me my stop are not tight, they are exactly there were the turnpoint of extremes is. A spike against me could happen, but if it goes so far to hit my stop, all odds against me and dont want to be in such an enviroment of getting my ass kicked.

Greetings:)
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Agreed. It's all about the edge. Those that have no edge are forced to set wider stops... thinking they are being smarter than the pros by not "advertising" to be taken out by market makers. What they dont seem to realize is that with the right timing and setups price will have an extremely low probability to revisit that extreme high or low during their trade's timeframe.
 
Quote from HATEtheRisk:



First i really enjoyed it and now i am starting to dislike this forum thing once again.

Why cant you just be friendly?

Maybe because you are losers?
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I was reading about Testosterone: before a competition both sides of the contest get more of it. After the competition the winner gets EVEN MORE and the loser gets less... less testosterone = less growth hormone = feeling older rather than younger. I'm thinking that the cranky people on these forums, maybe everywhere, are losers..
 
HTR,

Glad to see you back.

Don't let the naysayers bring u down man. Some people can't help being negative. It's in their nature I guess..

Peace & blessings bro.
 
Quote from riffrafffpatrol:

It's all about the edge. Those that have no edge are forced to set wider stops...
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wider stops can also be used when the market moves outside your scenario. ie , this hns patern in eur, if it gets above that circle it may make an extended double shoulder,start to lose its hns pattern,,but while its hugging that neckline, stay in the trade because if it plays out it will pay big,so far that setup is still valid, but you do have an emergency catastrophe stop, in case something happened (car accident for instance ) where you wouldn't be able to monitor /trade your position
 

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Quote from ammo:

wider stops can also be used when the market moves outside your scenario. ie , this hns patern in eur, if it gets above that circle it may make an extended double shoulder,start to lose its hns pattern,,but while its hugging that neckline, stay in the trade because if it plays out it will pay big,so far that setup is still valid, but you do have an emergency catastrophe stop, in case something happened (car accident for instance ) where you wouldn't be able to monitor /trade your position
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Well considering a standard stop loss location for a hns is a break above the right shoulder peak...and the fact your measured move target is typically at least twice that distance for a 2:1 reward to risk ratio--- if that is what you are referring to for your stop-- I wouldnt really consider that an out of the ordinary wider than normal stop. The bottom line regardless is if one insists on using a wide stop - the most important consideration is proper position sizing--size must be reduced so if proven wrong u still maintain a 1R... if not catastrophic ruinous results are inevitable over a series of losing trades.
 
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