...And They Have a Plan. (Live.)
- Thread starter Overnight
- Start date
When you find the time, read the middle, because like a good novel that is where the story is fleshed out.
The devil is in the details.I will.When you find the time, read the middle, because like a good novel that is where the story is fleshed out.
78 pages, 782 posts are a lot of reading especially trying to understand the "devil".
Understood. It's a bear of a read. It should be too, I think, after 7 years. Oi!
Update from last trade...
Yeah, not much. I'm busy as hell with the gig work, and I gotta' tell you, it is way more fulfilling than trading for me, for now. I feel like I am doing something constructive. And I am doing well at it, because my OCD compels me.
I've been following the markets as much as I can on the road, and yesterday seemed a good time to let loose a flier.
45 point gain in the ES(MES) is a nice score, but I have missed many opportunities since the last trade in January.
Alas, I work with what I have in knowledge and feel. And I closed the trade last night because I didn't know how the PCE figures might flesh out.
It was "mreh" today, and the market reacted accordingly...
But an easy 45-point gain in the ES(MES)? I'll take that every time, yes sir.
Flat for now, and will look for the next opportunity for a quickie.
Yeah, not much. I'm busy as hell with the gig work, and I gotta' tell you, it is way more fulfilling than trading for me, for now. I feel like I am doing something constructive. And I am doing well at it, because my OCD compels me.
I've been following the markets as much as I can on the road, and yesterday seemed a good time to let loose a flier.
45 point gain in the ES(MES) is a nice score, but I have missed many opportunities since the last trade in January.
Alas, I work with what I have in knowledge and feel. And I closed the trade last night because I didn't know how the PCE figures might flesh out.
It was "mreh" today, and the market reacted accordingly...
But an easy 45-point gain in the ES(MES)? I'll take that every time, yes sir.
Flat for now, and will look for the next opportunity for a quickie.
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The high winwate you are referring to is simply an artifact of holding through drawdowns and not closing a loser. It is not impressive when you think of it in that vein.
As a position trader with a large enough bankroll, long-trading indices that average up all the time will make your winrate be 100%.
That does not mean it is prudent, or efficient. Lord knows, I should have bailed on many losing trades and re-entered when they were down... But I just didn't want to take the realized loss, since I never knew if those positions would recover in enough time before expiration.
So to both doubledoubledoublecup and ZG, please IGNORE WINRATES AND THE OTHER DUMB STATS LIKE PROFIT FACTOR!
Ug. What matters is what is in your bank account at the end of the day...Not stats.
(And by the way, doubleC...doubledoubledouble cup = a sextet, as 2+2+2=6. So in shortened form you are sexcup. Fascinating.)
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Post-edit...Sorry, I looked at that again, and did bad math on it. How embarrassing. (But I always admit my mistakes.
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