After a winning trade
- Thread starter epetrov
- Start date
Quote from epetrov:
Hello Everybody,
I was asking myself about the following rule: "after a winning position stay away from that market with the next set up".
What do you think abot that? It is truth of just BS?
See thet attached file: the winning trade in the blue box and the questionalbe one in the red one.
I call that "going back to the well" and have prohibited that in my trading rules.
There was a set up just like that on 1 minute charts on Crude /CL just today. I made 12 ticks going short as it made a new low. She popped back up and gave another signal but I just walked away.
Just like your pic shows, the 2nd one was a winner but much smaller.
As newb, that's just too much action for me on 1 min charts ..... I suppose a more seasoned trader would have snagged the 12 and then the additional 5 while still yawning and drinking morning coffee but that's too much for me. Maybe in a few months.
Or your rule was flawed ... (?)Quote from epetrov:
Hello Everybody,
I was asking myself about the following rule: "after a winning position stay away from that market with the next set up".
What do you think abot that? It is truth of just BS?
See thet attached file: the winning trade in the blue box and the questionalbe one in the red one.
Quote from epetrov:
Hello Everybody,
I was asking myself about the following rule: "after a winning position stay away from that market with the next set up".
What do you think abot that? It is truth of just BS?
See thet attached file: the winning trade in the blue box and the questionalbe one in the red one.
BS. Not one person (except someone with inside knowledge) knows the outcome of the next trade or any trade for that matter. If it meets your criteria take it, and manage your risk.
I say Bullshit. You wouldnt possibly know that the trade right after the 1st trade would be a loser or not. Just trade what you see.
Quote from epetrov:
Voala several set ups that worked in a row.
The last one I just took.
Maybe you are right ... I noticed Nat GAS this am ..giving trade after trade after trade .. all morning long .. this was on a break at lunch
I had been too spellbound trying to figure out oil as it was down a bit while the dollar was down and messing around with gold .. to see what was happening over in nat gas ..
I guess that is the difference between newbs and successful experienced folks .. the newb will be perplexed by troublesome markets while the experienced fellow hones in like a hawk on the market that is just giving and giving and giving.