I can predict the future?

Umm. I add on the position when it goes my way. If it doesn't I get stopped out w inital entry.
Not a hard concept to understand. Unfortunately u don't.


Less insults if u want to debate. I'm rich for a reason. I love debates except back it up w facts.
 
Quote from cooolweb:

Umm. I add on the position when it goes my way. If it doesn't I get stopped out w inital entry.
Not a hard concept to understand. Unfortunately u don't.


Less insults if u want to debate. I'm rich for a reason. I love debates except back it up w facts.
More...

When you make inconsistent contradictory statements you get called out...bottom line. Scaling in has nothing to do with position sizing relative to risk.

None of what you state in your aggregate posts make sense- therefore you are either a BSer... or as I have pointed out now for a 3rd time with validation on your part- a reckless trader with no true form of position sized risk management.

You can't state in one post that your stop loss is 2.5k-25k and in another claim that your stop loss is 3.5k... especially as a rebuttal to my accusation. It clearly proves you fly by the seat...
 
Quote from Riffraffpatrol:

When you make inconsistent contradictory statements you get called out...bottom line. Scaling in has nothing to do with position sizing relative to risk.

You can't state in one post that your stop loss is 2.5k-25k and in another claim that your stop loss is 3.5k... especially as a rebuttal to my accusation. It clearly proves you fly by the seat...
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my risk is always 1% for every trade.
regardless of the size or risk,
The 25k risk is when I have 2M on the line.
2k is when I have 200k on the line.

1% of 2M is 20k

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2.5k to 3.5k is the same to me, 20k = 25k. I don't detail this shit anymore,

I only look at the big picture now, if the trade is right, the risk is guarded well, thats all that matters. If I lose 3k or 4.5k , or 2.5k , ITS THE SAME.
 
Your risk of ruin is off the charts with that system-- on a number of levels.

There is no defined risk control of $ loss when based on capital outlay-- for the obvious reasons I've already stated-- an extremely wide range of loss can occur in any deviation from your norm stats... Probability rates become meaningless. Expectancy all over the board, Black swan will crush you.

2 simple corrections dramatically can improve all fronts. Any clue?
 
Incidentally- I failed to mention also that your system provides no consistency to account for volatility in the underlying. Your stop location based on % of capital relies strictly on randomness to be anywhere close to where a chart would tell you you're wrong.
 
Quote from Riffraffpatrol:

Your risk of ruin is off the charts with that system-- on a number of levels.

There is no defined risk control of $ loss when based on capital outlay-- for the obvious reasons I've already stated-- an extremely wide range of loss can occur in any deviation from your norm stats... Probability rates become meaningless. Expectancy all over the board, Black swan will crush you.

2 simple corrections dramatically can improve all fronts. Any clue?
More...


what correction would that be?

The 20k is actually a normal stopout, I have 2M in capital in my trading account. I'm not leveraging much.



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I don't trade off of statistics, I trade off patterns, rarely does a 3rd arm grow from your belly button, if it does, it gets cut off immediately. if you know about patterns, u know a black swan ALWAYS has TELLS before it happens.
black swans happen to statistics, but not to patterns.
 
Quote from Riffraffpatrol:

Incidentally- I failed to mention also that your system provides no consistency to account for volatility in the underlying. Your stop location based on % of capital relies strictly on randomness to be anywhere close to where a chart would tell you you're wrong.
More...


Let me tell you a quick FACT, stops do NOT change with differeing volatility. don't repeat book knowledge here, it is wrong , plain and simple. I can use a 1% stop trading silver moving 20% in a day, no problem.


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I'm seeing holes in your trading theories , not good for you :)
 
Quote from cooolweb:

Let me tell you a quick FACT, stops do NOT change with differeing volatility. don't repeat book knowledge here, it is wrong , plain and simple. I can use a 1% stop trading silver moving 20% in a day, no problem.


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I'm seeing holes in your trading theories , not good for you :)
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You totally are missing the point and you continue to assist me in proving your system and logic is anything but sound...

Let me see... you have faith in repeatable patterns...

These patterns exist in all equities...

All equities do not however share the same volatility...

Basing your stop on a 1% move as a rigid rule can do nothing other than acknowledging a complete disregard for volatility.

Why in the world would u accept a 1% move against you as a basis for deeming your pattern has failed??? Randomly you will be taken out of the game when in reality the pattern was intact and wasn't violated at all... problem is you are no longer in the trade. This is reckless due to your failure to acknowledge volatility.
 
A pattern is only 1 part of the trade setup, trading JUST a head and shoulders or triangle will get you stopped out w/ a 1% stop.
but thats amateur play , isn't it?


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i understand you quite fine dood, nothing you say isn't something i tested before. quite frankly i know ur trading level already just from a few things u speak. ur mind is stuck in a "Trade your way to financial freedom by van thorp" that whole book is bullshit and not applicable in real trading.
 
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