Fellow losers. Do the opposite?

Quote from SimpleTrades:

Statistics have shown that more often than not retail traders enter correctly. Win or loss they fail to manage it correctly.
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to OP-
statistics also shown that doing opposite won't help. if you can backtest-i encourage you to try it and see it yourself. :)
 
just go long with div paying stocks..

like NLY.

past five years 10 % to 14 % yield..

in 6 t 7 years you recover your initial money..
 
ok... so I'm entering way too early instead of way too late... oh shit, price is near my stop... sssshhhhhhhhiiiiiiiiiittttttttttt!! It touched my stop, got filled and then it rejoined the trend...

Trade #2... Ok, I got in way early but price just barely missed my stop, I'm good here.... I'm ahead more than my costs, yeah... ok exited with a market order... sssshhhhhhhhiiiiiiiiiittttttttttt!! Price wasn't what I was seeing with my super-duper chart system I guess, I got filled on my exit three quarters of a point to the bad side.. How'd I do.. sssshhhhhhhhiiiiiiiiiittttttttttt!! All that work for a quarter point!!!!!! sssshhhhhhhhiiiiiiiiiittttttttttt!!

So I guess I could say that I did about as well as usual!
 
Quote from gobar:

just go long with div paying stocks..

like NLY.

past five years 10 % to 14 % yield..

in 6 t 7 years you recover your initial money..
More...

Holy cow 11% dividend!

Sucks if the stock falls more than 11% in a year, though.
 
Quote from dom993:

Most just lose from bid/ask spread & commissions. They would lose about the exact same doing the opposite.
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+++++++++1

Pity so many people never see this, they always blame other things such as entry, mot follow rule, hft, ...

Sometime the obvious is not that obvious
 
The idea is good but I have to find out a free signal service where most of the signals hit stop loss. That will be good for me because it will hit TP in reverse case.
 
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