ES Journal - 2017/2018

Status
Not open for further replies.
tiddlywinks said:
This, is 100% FALSE. Activity and chance are, well, parallels. "Better chance to profit"? If activity(as in price movement) means chance then the trading is flawed. if there is no activity, the trade is wrong. If there is activity and generates loss, the trade (assuming entered for profit) is wrong. Activity is not chance. Such trading is flawed. Again, chart reading ability and execution mechanics are unrelated to volatility. Volatility does not change the "how" a trader or computer analyzes nor does it change execution mechanics. However, it may change "why" or "when" a trigger is generated.

Your buy and hold case in point is textbook for why long(er) term market participants shy away from volatility.
More...
Then explain to me why long term buy and holders profit whereas more than 95 percent of active day traders do not. --It's because they are not using Prudent Risk Management. -- PRM includes letting your profits run to maturity and having less activity. ---To understand how trading works, one must realize that there is a greater chance that decisions will be wrong rather than right. Thus when you are correct you need to maximize that. Volatility looks enticing, but it's a death trap.
 
Buy1Sell2 said:
Then explain to me why long term buy and holders profit whereas more than 95 percent of active day traders do not. --It's because they are not using Prudent Risk Management. -- PRM includes letting your profits run to maturity and having less activity. ---To understand how trading works, one must realize that there is a greater chance that decisions will be wrong rather than right. Thus when you are correct you need to maximize that. Volatility looks enticing, but it's a death trap.
More...


I can't explain since I am not part of the 95+%!! :)
What do virgins eat for breakfast? I dont know.

As for "greater chance that decisions will be wrong rather than right"... why? Why not greater to be right rather than wrong? But really, why would there be such a bias of being right or wrong on a DECISION to take a trade... if you act on the decision, then you expect to be right!!

Risk management is certainly important. Take your winning trade from yesterday... you had no overnight stop. And that proved to be the correct way to manage that trade. You recognized and acted accordingly.
 
volente_00 said:
That inverted r:r makes me cringe but you seem to make it work
More...
I was fairly certain that it was overdone but didn't want to get taken out on a quick spike. Stop was only mental as the circuit breaker was way above that. I was fortunate
 
Status
Not open for further replies.
Back
Top