Quote from volente_00:
letting a winning trade give back 150 points of profit is not my definition of impressive. Once again without a fixed profit target, scaling out would have produced more total profit for him
His trade is still open, therefore, is premature to judge what could had been better.
If we take the 666 lows and he's still holding your theory not very good.
Sure there are things he could have done to maximize profits, but let's be realistic here, there are no trading Gods, there's just reality.
He's averaging up too, which is the right way to do things and he will exit on full position or even more, which is again, the right way to do things.
It's just that, well, people cant do it because it's too damn hard.
I know you got your style, he's got his style, I got mine, others got theirs, what's important is to remain humble and respectful along the way.
Shorting the top and covering at the bottom is not how it's done, because that's impossible. However, letting your winners run with as much size as possible, not less, is imho the way to do it.
Just my opinion, im in awe, and thought about showing my respects to someone taking the time to show how its done with full clarity.
FoN
