perfect entries or (nearly) zero drawdown trades, how to get it ?

smallfil said:
No. I don't. He doesn't have a unicorn either. I do not know how many zeros that much monies are either.
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A bazillion is an unspecified and exaggerated number. While it is not a true ordinal or counting number because it is not a specific quantity, we can use bazillion to describe a huge number of things.
 
If you are intraday trading, welcome small loses, lots of them. Then you graduate to "breakeven +1", price goes so far you lock in one tick, let someone else pay your commissions and instead of taking full loss, after lack of correct movement, so much time lower target to "BE+1".

Perfect entries are meaningless, I very seldom do anything perfect, so concentrate on MAE and MFE.
 
Handle123 said:
If you are intraday trading, welcome small loses, lots of them. Then you graduate to "breakeven +1", price goes so far you lock in one tick, let someone else pay your commissions and instead of taking full loss, after lack of correct movement, so much time lower target to "BE+1".

Perfect entries are meaningless, I very seldom do anything perfect, so concentrate on MAE and MFE.
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I meant also MFE/MAE ratio where it is at least over 5 in average on every trade. How to get it for you then ?
 
schizo said:
This is called an "edge" and I highly doubt anyone will openly divulge it for the asking.

BTW there is no "perfect" entry. It's all about risk:reward.
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Yeah, also meant very good RRR trades with at least greater 5 or so. You could say something in common words without being too specific.
 
TrAndy2022 said:
A lot of traders are looking for perfect entries where there is nearly no drawdown at all.
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Not possible.

Best you can do is to buy at/close to "support"... and sell at/close to "resistance". If you don't understand, make an effort to learn "Price TA". Even those trades are a guess.. but "smart" ones.
 
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Scataphagos said:
Not possible.

Best you can do is to buy at/close to "support"... and sell at/close to "resistance". If you don't understand, make an effort to learn "Price TA".
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Something like that
TSLA_2022-10-11_18-15-26.png
 
smallfil said:
When you trade, you will have losers, lots of them. This is like trying to find a unicorn. Go find him, I will give you a bazillion dollars when you find that unicorn. That unicorn must actually, be breathing, running. No fake cartoons or anime. Ask Bernie Madoff how he traded 77 straight times without a single losing trade?
A lot of the others, had 50% or more drawdowns.
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%%
1] Mr Madoff= Fraud
Easier to find a real unicorn, than a ''perfect '' entry;
FOX news has shown a unicorn + the word means ''one horn'' No such thing as a pink horse with a narwhale spike \LOL That's a fraud as you hinted. Also unicorn is slang for a IPO; but they tend to have the worst losses \drawdowns\LOL
[2] Easier to get a good fill[ never perfect]on something like SH;
but that's because SH does not move much;but i've had so many times i never got filled LOL.
But i like trend$ + trend studies >> much more than good executions;
i'm sure some day trade SH with size,+ profits because of the executions.
But i've had so many times when price moves away from my SH order; i do something else related to SH.[I used to get super mad when i seldom got filled on SH; now i enjoy that]
I did not mind TQQQ drawdowns in a bull market\ but below 200 dma, TQQQ doesnt draw
down much it \mostly downtrends\ loses\ loses a lot\LOL:D:D
 
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