Quote from MandelbrotSet:
... that's a nice thought, hope it doesn't work out like this one.![]()
Quote from Buy1Sell2:
A system that incorporates a 2 point stop and is a losing system, could very well be a winning system with a 1 pt stop. You don't need a high winning percentage to be profitable. This is common sense.
The casino example is not a good analogy for trading. The closest game would be poker(specifically no limit) though where you are not playing against the house, but rather playing against other players with the house taking commissions.
Quote from smilingsynic:
The fact that the market has not bounced strongly off of this level but, rather, seems to be hanging around it suggests more downside. 1315 by Friday, anyone?
Out of ES longs (2-5 day swing trade variety--intraday trading is different) and will not be interested in any longs for the moment. If ES rallies sometime this week and clears--more like VAULTS through-- 1337-1340, then I'll look to the upper 30's as a low-risk place to go long on a pullback.
Quote from bighog:
kingkypoe
Whats a dollar these days? Loosen up, have a little fun. A dollar today will not get you a cup of coffee.