Quote from eudaemon:
Thanks.
Very welcome. Do the same for me, as I don't need you to track me either and comment on my posts.
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Very welcome. Do the same for me, as I don't need you to track me either and comment on my posts.
Added average is 21.25 stop still 30
If I succeed at getting 1325.75 on my add, my avg. would be higher than yours by 2 ticks!!
vol,used to see all the short 3.5.8 pt moves,he's now seeing 10's and 20's ,30's,its a different mindset,its difficult to see and trade both mindsets at the same time,if the averaging guy starts scalping,he gets killed,because he's used to building, a bigger picture,has trouble taking losses because he has learned price will return there,if he scalps using stops,he gets killed on a million stops,if he averages using stops he gets killed,it's not really reversion to the mean ,its seeing a top and bottom and working the edge,the middle and the target...this hns is still intact
Wish you luck on this one vol. I agree with LC's analysis of the daily TL b/o re-test. Also the supp. @ yesterday's low was a perfect 62% of the last upswing.
The 10.25-21.25 R10 retraced 4.00, which in my book is sufficient to move on to the next one. That being said, you'll probably get an EOD (or A.H.) reversion to at least your b/e.
Yeah ammo. All you guys are right. I'm wrong. Carry on. It doesn't matter anyway, we are all dead at the end.
The only guy I can see still making some, and averaging in is Volente, either that or he has had a very hot run.
Averaging in will not work for 9999 out of 10,000 traders. You will not convince me, and I will not convince you. Were you net profitable when you were doing OPM ?. Many years?. What % if I may ask?.
The only guy I can see still making some, and averaging in is Volente, either that or he has had a very hot run.
Averaging in will not work for 9999 out of 10,000 traders. You will not convince me, and I will not convince you. Were you net profitable when you were doing OPM ?. Many years?. What % if I may ask?.
i was out of the market since 91 ,got back in in 06,went thru several small accts trying to scalp,i was of the larger mindset trying to adapt to the smaller mindset to build acct to trade larger,lousy at trying to relearn scalping,when i was 2 decades younger i could do both,extremely well,the range on spx was 3 pts back then,if wrong,it wasn't instant death,i did avging on here and was profitable 17 of 20 months averagng 40k per mo with the losses,i had a max loss limit and i respected it,same as the scalper with a 2 or 3 pt stop,his was hit several times a day,mine was hit once a month,different timeframe ,same strategy ,just different size and stops,you bet its going up or down,big picture ,small picture,if i was good at scalping i could have made the same money,maybe more,with less capital,but i wasn't
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