There is a tiny probability that you’re going to buy the last tick of an uptrend. There’s nothing you can do about it. Accept the loss and move on. If you take a small loss on this trade then the next might bring you to new equity high. If you lose too much then you’re going to struggle to reach new equity high. It’s up to you. Do you wanna struggle making money ?
If you don’t use stop … the probability that you’re going to make a profit is +99% but the expectancy is actually -infinity.
Hello Sekiyo,
The point I was making to
@hilmy83 was:
It all does not matter. Does not matter if you selling oranges on side the highway. When you take a loss from someone steal your oranges on the highway,
recover drawdown and get back to winning.
The same thing applies to trading, except the CME ES Exchange allows for a person to get rich quickly.
Just click the chart buy and sell button and make money and recover drawdown, and life is good.
It does not matter how you trade to make money and recover drawdown. Just do it. There are no rules. Just make money. I like
@volpri approach and
@Scataphagos to trading the market. Scaling in on Price TA and trying the best I can to hurry and get rich on the ES market. Nothing else to do.
You can not keep going in circles with all that trading rules and theories stuff or it take to long to get rich.
AND GET TO $1 Million every year before the CME ES exchange stop for good, then you can not trade ES big contracts no more, cause you keep trying all these trading theories and messing around. Hurry up and get rich.
Here is the account so far balance just doing what
@Scataphagos and
@volpri tell me to do. I never read no books or any of that stuff. Well I just studied brooks for awhile, now I just watch the chart only.
So do not make the life complicated. Just hurry to 100 ES contracts and do not read any more books on trading.
