Method or Rule?

Overnight said:
All i know is, your broker is on the sidelines going "do it do it do it! Go Go Go!" Because it requires a lot of ins and outs which make your broker the monies. My broker is looking at my trades and going "Ho hum, ON made a trade this week. Whoopie do", lol!
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LOL Maybe your broker is dining at BK and mine at Texas de Brazil?
 
deaddog said:
So it's kind of a martingale system. You mentioned you do have some risk control. What do your down days look like. One other poster with what sounds like a similar system remarked that his off days were horrendous and might take a month or two to get back to even.
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No it is not martingale even though they may be kissing cousins, however, I may do some martingaling in some situations when I want out of a position, I mean like yesterday, not 1 hour from the moment. Martingaling really brings the BE closer for quick exit.

For instance, 3 averaged down entries:

Scenario #1
Start 1 contract
Add 1 contract
Add 1 contract

or

Scenario #2
Start 1 contract
Add 2 contracts
Add 4 or 6 contracts depending on how giddy one feels..

Bingo in Scenario #2 BE suddenly very close to present PA inside bid and inside offer.

But if wrong….

Well…. hello Dollar Tree goodbye Dillards.

If right and decent favorable move ….hello Dillards..goodbye Dollar Tree.
 
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volpri said:
LOL Maybe your broker is dining at BK and mine at Texas de Brazil?
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Probably. I'm just so bloody weary of my trading style, and I like yours. I always have. It was the first thing I ever did when I started, before joining this forum. It was a painful mistake and I never revisited that method much until a couple years ago.

But I just cannot reinvest in the screen time to try that again. My mind is so tired. So tired. All I know is, your broker is eating prime rib and filet, while mine is eating Kraft Mac 'n Cheese. Ug.
 
deaddog said:
So it's kind of a martingale system. You mentioned you do have some risk control. What do your down days look like. One other poster with what sounds like a similar system remarked that his off days were horrendous and might take a month or two to get back to even.
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That is horrible. He stayed in a position too long, averaged down too many times, while out of sync for the session.
 
Overnight said:
Probably. I'm just so bloody weary of my trading style, and I like yours. I always have. It was the first thing I ever did when I started, before joining this forum. It was a painful mistake and I never revisited that method much until a couple years ago.

But I just cannot reinvest in the screen time to try that again. My mind is so tired. So tired. All I know is, your broker is eating prime rib and filet, while mine is eating Kraft Mac 'n Cheese. Ug.
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I have always liked scalping. Back when it was fractions I used to scalp stocks 1/16…1/8…1/4..1/2..3/4 over and over. I tried some long term trading of stocks. For the most part a total flop for me. Then people start yelling precious metals. Seems like as soon as I buy the darn stuff goes down and I am left holding for years waiting for the supposedly manipulation to end….which it never does…well there was one brief time it soared some …I forget which april….I’m not sure if there ever was any manipulation.
 
Kevin1616 said:
I would like to start a discussion on whether Method or Discipline is more important in this market?

There are people who think that the right method will make you rich very quickly, but there are people who think that the method only accounts for 10% of your success, if you want to be the ultimate winner, you must be a man keep rule.

What is your opinion?
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Balance. Just like you need balance between being aggressive and defensive.
 
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