ES Journal Archive (2006 - 2008)

[wave]

On that note, I can sit here all day and give you exact entry and stops(never more than 1.5 intraday). Net profit is name of the game playing this way.

 

[wave]

So only two options:

1) Small account = Business of odds, lots of stoputs, must make 3x loss ammount in order to be net profitable.
= Exact entry and stop.

2) Larger account = Still business of odds, much, higher win rate, position sizing and risk control math are vital. But you will be right more often than not, make more money, and rarely get stopped out.
= % of capital to risk.

 

[Buy1Sell2]

Capital management IS the only true edge in trading, no matter what size the account or TLNW is.

 

[wave]

So now the smaller account with exact stop and entry tyring to short 57has been stopped out 1x, perhaps 2x, maybe even 3x soon. There are also other players short 57 who still have not violated their % risk according to their VAR plans.

Playing for small swings with % is silly, better off to use exact entry and stop.

 

[wave]

Now, in spite of all this, I still believe what Buy1Sell2 has shown is the best route for most. Stan Weinstein lays out exactly how to do it in his book Secrets for Profiting....

 

[Pekelo]

On the daily we nicely bounced back from the SMA, I see more upside in the next 2-3 days...

 

[wave]

Remember your trailing stop formula is more important than your entry or in reality is your entry. If you've learned anything from Buy1Sell2, it should be that one important piece. If you truly want to succeed, go understand that key element.

 

[JSSPMK]

Quote from wave:

Remember your trailing stop formula is more important than your entry or in reality is your entry. If you've learned anything from Buy1Sell2, it should be that one important piece. If you truly want to succeed, go understand that key element.

Reward doesn't have to be trailed necessarily to "succeed", reward has to be a multiple of risk though.

 

[wave]

I can only support Buy1Sell2's way of trading because I do the same myself, but it also is not the only way to trade.

 

[wave]

Rest assure, you will be whipped and lashed many times this way. Only those who can sustain will be profitable and successful.

Trailing stop has nothing to do with risk, soley entry based. Once your in, your in and let it do its thing. You want to take it off at a certain point take it off, best to let it run. This is the name of this game or it will not work. Buy1Sell2 knows that.