ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Quote from Buy1Sell2:
Position/overnight traders have a much higher winning percentage than intraday traders who are gettiing stopped out for small stops . It is necessarily so.
Any evidence for this assertion?
No. Other than personal observations of other traders doing intraday trading throughout my career and a healthy dose of common sense. A position trader using stops based upon larger timeframes typically has more powerful stop placement than someone getting stopped out often intraday.
Quote from Buy1Sell2:
Position/overnight traders have a much higher winning percentage than intraday traders who are gettiing stopped out for small stops . It is necessarily so.
One could make the same argument for the daytrader if he used 100 point stops as well. nothing wrong with position trading but your r to r is terrible. The only benefit to your strategy is saving commission at the expense of many trading opportunites missed. Also this strategy is not right for someone who does not large capital because they will never grow it taking so few trades with so large of risk .
r of 10 SS
Can someone define opportunity cost for b1s2 ?
- Status