Drawdowns

Quote from nononsense:

I'm only playful in the sense that finding high expectancy moves is the only thing that works. In fact, if you can do this, you're a good predictor. IMHO, it's the only way to go.
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I agree. High reward trades - 15 to 20 R.

In all fairness, I've only identified and honed in on one market move - the breakout - and focused my efforts entirely toward that end.

Also, half of that success comes from 'broadening' my exit fractal. But the point is still valid.
 
Quote from Bitstream:

Another good, near guaranteed strategy is to stalk ~HA negative reports: wait for the stock to tank, look for the first signs of recovery (90% of the time u can see a vbottom pattern and volumes picking up; enter a long trade when rate of change and momentum increases, place your profit tgt at first ema(20), then second(50) and eventually if u want to push your luck the third 100min ema. Look back at stocks that disappointed this qt and u'll see this pattern repeating again and again.
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Its funny you mentioned this. I was just perusing the identical stock move on over the weekend using some free stock pattern filter posted by a et member.

Look for a hard gap up or down accompanied by a long candle, then play the rebound/fade on higher volume (V pattern). After reviewing a handful of stocks, it appears to be a high probability play.
 
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