Quote from myminitrading:
Nope no risk, market will bail you out every single time have no fear, just grit your teeth and hang on.
I know that sounds completely opposite of what they teach you in the books, but if were that easy as what they say in the books why do so many fail.
Seems like the ones who do just the opposite of what the trading books say make the most, well wada you no about that.
Quote from myminitrading:
Nope no risk, market will bail you out every single time have no fear, just grit your teeth and hang on.
I know that sounds completely opposite of what they teach you in the books, but if were that easy as what they say in the books why do so many fail.
Seems like the ones who do just the opposite of what the trading books say make the most, well wada you no about that.
Quote from myminitrading:
I am talking about cost averaging looser, no stops. Just make sure you are trading in the direction of the trend.
For instance lets buy one dow mini contract right here, yes even after this run 12847 in now watch.
Just add double size at lower cost. 50 Points down, add double again! Down 50 Points add double size again! Finally the bears will get squeezed and you're gonna be up 200 points on a total of 100 contracts it's a thing of beautyQuote from myminitrading:
OH MY GOSH I AM DOWN 10 POINTS, WHAT TO DO?
Quote from makloda:
Just add double size at lower cost. 50 Points down, add double again! Down 50 Points add double size again! Finally the bears will get squeezed and you're gonna be up 200 points on a total of 100 contracts it's a thing of beauty