Just Buy The Dip

theapprentice said:
you'll do well.
No matter what, the markets are literally designed to go up over time. You're on the right side of the market when you only trade long. Buy dips and breakouts on the ES etc and i'll see you in a few years as 4k ES or so.
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Yes theapprentice, markets have an upward bias. Buy the retracements, Buy the breakouts. I discovered that exact entry point had less to do with profitability than I originally thought. Position sizing and proper use of leverage had a much greater impact overall.
 
rolan said:
Hi Jakobsberg,

I admit I am probably late to the game and missed out on a great run. January isn’t even a terribly good month for my strategy! I am not using margin, but the etfs are leveraged. So, no worries about margin calls. Some entries are lower, some are higher. I enjoy riding the market ups and downs. It is entertainment for me. Some go to Vegas. I made friends with “draw down”.
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You may be interested in this thread since I was doing a similar thing then buying the dips

https://www.elitetrader.com/et/threads/2015-journey-continues.289061/page-2

Good luck.
 
lawrence-lugar said:
-- But it's extremely rare for a trader to have everything in place for a healthy average gain, after average gain, on top of another average gain
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That's what I plan to do, compound healthy average gains.:thumbsup:
 
Last edited:
I had some trades on going into the new year, which I closed this year. I caught a small piece of the new year rally, which I suppose is better than totally missing out. I shoulda just bought and held, LOL. I am 100% cash now. Just getting accustomed to result reporting, as I’m a little rusty. Probably do weekly updates and then start a new equity curve each quarter or something. Any open trades will be posted mark to market.

Total Net Profit $713.16
Gross Profit $713.16
Gross Loss $0.00
Profit Factor n/a
Total Number of Trades 5
Percent Profitable 100.00%
Winning Trades 5
Losing Trades 0
Avg. Trade Net Profit $142.63
Avg. Winning Trade $142.63
Avg. Losing Trade $0.00
Ratio Avg. Win:Avg. Loss n/a
Largest Winning Trade $208.04
Largest Losing Trade $0.00
Max. Consecutive Winning Trades 5
Max. Consecutive Losing Trades 0
Total Commission $6.00
Return on Initial Capital 0.71%
Buy & Hold Return 8.08%
Annual Rate of Return 28.84%
Trading Period 9 days
Max. Equity Run-up(Daily) $792.65
Date of Max. Equity Run-up 1/5/2018 15:00
Max. Drawdown(Daily)
Value ($108.64)
Date 12/29/2017 15:00
as % of Initial Capital 0.11%
Max. Trade Drawdown ($36.66)
equity curve.png
 
rolan said:
I had some trades on going into the new year, which I closed this year. I caught a small piece of the new year rally, which I suppose is better than totally missing out...
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This will help you. Don't ask how or why. Just adsorb it. :-)

 
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