Can We Talk About Entries

Quote from nkhoi:

but, is this go against reward/risk 3:1 conventional wisdom?
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nkhoi, conventional wisdom has taken more money than I care to count, lol.

I guess that was my lame attempt to tell Flashboy just about any entry method can be made profitable with proper money management.

I trade many systems and most have Win/Loss exceeding 80%. That MA Xover was the lowest on the totem pole. However, your correct, they all have one common characteristic, the STOP is greater than the Target.

--jeff
 
Quote from jeffstr:


I guess that was my lame attempt to tell Flashboy just about any entry method can be made profitable with proper money management.

.....

--jeff
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:confused:


money management will NEVER turn a losing (entry) method into a winning method. never. not in a million years.

do you mean one of the other managements?

trade, risk, and often the most important - self????
 
Hi Flash,

It is hard to evaluate the entries out of context. Trading is a bit like a balanced meal. An appetizer need to be balanced with the salad, wine, soup, entree etc.

If you were waiting for scalp or a breakout or whatever, the entry and exit are designed to minimize the risk, reap the reward, IN THAT SITUATION.

So besides the larger picture comments, I would not think that you will get much of a usuable response.

Garbage in - garbage out.

Cheers

-Luto
 
Quote from FredBloggs:
money management will NEVER turn a losing (entry) method into a winning method. never. not in a million years.
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Fred, I'm pretty sure I typed "just about any", we actually agree.

--jeff
 
(No one knows who you are) and if you see it in black and white maybe you'll quit.You can always come back as a multiple alias!
 
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