Quote from adadadog:
Another thought on this. Because 2 points hit is more like than 3 points be everything else equal. None scientific guesstimate should be that the probability ratio between 2 point hit and 3 point hit is 6/4. Therefore the entry trade should offset the difference. Winning chance of each entry should be > 60%
Quote from Specterx:
Well, you seem to focus on the money-management aspect of your strategy, when it seems that the critical factor is having an entry/exit method that hits that 3-point target more than 42.5% of the time, with consistency. Regardless of the amount of leverage used (and assuming you can always top up your account), the strategy will be profitable.
I mean, finding an edge like that is the real stumbling block to profitable trading. No amount of money management etc. will turn a basically losing strategy into a profitable one, at least not over the long term. Out of curiosity, how long did it take you to start trading the ES profitably from when you first started?
Quote from Fast_Trader:
If you wanna post real-time trade calls, I would highly recommend using Twitter. Way easier to post; people can easily "follow". Register on StockTwits.com and your calls get published to the ES feed on their site, so other S&P traders can also see what you're doing.
PM me if you want any info on getting that setup. It's the best way to go.
Quote from sicktraderII:
Without getting into too much detail, it seems that my stay here will most likely be short lived.
