ES Journal Archive (2011)

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Quote from NoDoji:

Who's getting killed on this thread? I check in and see some folks taking tight stop losses and a lot of folks making profits :confused:
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Then you've not been paying enough attention ;)
 
Quote from creekboy:

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i feel its all in the way you handle your leveraged add-ons-

if you have a system that has proven effective

then you have to play it regaurdless of conditions -

the 1 most important thing i personally have learned is never run out of available bullets -

thats why i add 1 for every point against me

so is 1 con runs past by 5 points i add 5 -then you only need a very small retest of the area to get out at b/e or close to what you can handle-
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What I dislike about averaging down against a trend is if you are wrong you can get stopped out with a 6 lot on, but if you are right on the original entry your profit is on a 1 lot because you never got to add.



How do you manage risk in this style of trading ?


Do you have a max contract size
or do you use a monetary stop when averaging like Ammo ?
 
Quote from volente_00:

What I dislike about averaging down against a trend is if you are wrong you can get stopped out with a 6 lot on, but if you are right on the original entry your profit is on a 1 lot because you never got to add.



How do you manage risk in this style of trading ?


Do you have a max contract size
or do you use a monetary stop when averaging like Ammo ?
More...

yes V - i have been stopped out -but now have learned to be better timed in my entries -but i never set a hard line stop just a catasrophy stop -i always reasses my entry if i dont like what i see happening -

i read somewhere once -when the info changes then so does my opinion
 
missed max contract size-- i never get near it -but have been very uncomforable at times - when ever i hear myself say - i am gonna just let this run and see where its gonna go -- I GET OUT OF THE TRADE - because i know its going to clean me out
 
Quote from creekboy:

yes V - i have been stopped out -but now have learned to be better timed in my entries -but i never set a hard line stop just a catasrophy stop -i always reasses my entry if i dont like what i see happening -

i read somewhere once -when the info changes then so does my opinion
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but is the stop monetary or based on the chart ?
 
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