Increasing Size During Drawdown

[ExperiencedJoe]

I tell you what I will do for you Joe, I will call you out for the narcissistic troll that you are. Fair is fair, you do want me to make a call don't you. I await your invitation.
Cheers John

Actually I was looking for the funny reason you have to make up to not call it out. At least you didn't go for the easy option of saying you don't want to give me a free edge. So you get some marks for that. 2 points.

 

[ExperiencedJoe]

there are a few traders who aren't scared to call out trades. Not many, but a few left on the ESjournal. Also a few over at trade2win, but nowadays, it seems popular to give very nebulous calls that never specify whether you are actually in a trade or not, yet they claim credit after a move, lol. I see it more and more.
I guess because newbies can be very easily fooled/impressed, so if some guru says ''possible longs above 2500'', and price then shoots up to 2600, they'll claim 100 ticks profit, but if price goes up to 2605 and then plummets, they'll claim to have never taken the trade, lol

Most noobies are not afraid to call out because they believe there's 50-50 chance of being right. For the less noobie, they know the chance of them getting wrong is close to 100%. So they don't call out even if their lives depend on it.

 

[Redneck]

No Red, I always try to give credit like now, where it is due.
Cheers John

Thank You Sir

Happy and Prosperous New Year to You and Your Family

RN

 

[Johno1]

Thank You Sir

Happy and Prosperous New Year to You and Your Family

RN

Happy New Year to you and yours as well.
Cheers John

 

[Johno1]

Actually I was looking for the funny reason you have to make up to not call it out. At least you didn't go for the easy option of saying you don't want to give me a free edge. So you get some marks for that. 2 points.

Thanks Joe, and tomorrow when I have more time I will post my response to your post on the last thread, where you explained your actions towards the OP. Trust me, you will enjoy it.
Cheers John

 

[moonmist]

there are a few traders who aren't scared to call out trades. Not many, but a few left on the ESjournal. Also a few over at trade2win, but nowadays, it seems popular to give very nebulous calls that never specify whether you are actually in a trade or not, yet they claim credit after a move, lol. I see it more and more.

Handle123 used to make a lot of calls in the following thread:

http://www.elitetrader.com/et/index.php?threads/es-journal-2012.64965/page-1287#post-3655676

I was impressed by his anticipatory entries risking 2 to 4 ticks for a profit of 4 to 8 ticks. He usually made the calls five to twenty minutes, before ES touching his entry price. By my estimation, his win rate was over 70%.

 

[Swan Noir]

It sounds like Handle 123 cashed in for approximately 2X his stop over 70% of the time. Nice trading. Particularly nice in ES because you can keep increasing size, even on scalps, until you are trading big money.

I would love it if someone could give me an estimate of the size needed to cause a problem for a 4 to 8t ES scalper. I know it's a big number but I have no sense of how big.

 

[Eddiemorra]

best ES traders this site has had is Saliva/volente/pinkman

 

[murray t turtle]

Oh really ? Call out a turn then. Let me check.

%%%%%%%%%%%%%%%%%%%%%%
E Joe;
Sure, on trend change calls;enjoy the accurate trend change,[call, in writing] in late 2007// early 2008=its a bear market//downtrend , you know.LOL [ SPY-200day moving average closes].Fun but true.======================================================

And while its fun to increase size during drawdown;
many times a position loses money cause trend change$ .NOT so much of a good time to increase size.LOL

 

[generalpirate]

If you have made a loss, then trade with a smaller risk on the next trade/s until you have made your money back, then you can increase your risk again.