Reverse the trade to get back loss

maxinger said:
Reverse the trade to get back loss

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Reverse the trade to double the losses


After a loss, You should stop trading for
1 day/week/month.

After that, if you are still angry/vengeful,
you should stop trading for at least
a year.

After that, if you are still angry/vengeful,
you have to give up trading totally.
Perhaps change your career to be a
front-line soldier or wrestler
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Interesting career advice:D, So how long did you stop trading for until you are no longer angry when trading and not end up becoming a front-line soldier.

I do get angry when I am trading, I just try to not let it not affect my trading decision, atleast most of the time. Reversing trade is a strategy I am researching to improve my daily winning %.
 
SimpleMeLike said:
Hello doubledoubledoublecup,

Now imagine making $0.00 or less than $0.00 year after year trying to figure it out too and here is year 10, and you still have not figure out how to make alot of money trading. Just going round and round and circles.

At least he made money and he is not poor.

I rather make $100,000 and lose it all the next day, then never make any money at all trading.

No such thing as right or wrong in the ES futures market. There is only one thing, Making alot of money and hurry up too.

You have to do whatever it takes to make money even if that means risking your entire account on one trade or 50% of your account on one trade. Who cares, you have to do what you gotta do to get paid in the futures market with the tools and resources you have to get paid.

No-one is not giving out trading edges for free. lol, so you have to do what you have to do with your own confidence level and personality.

We are gambling traders, not engineers.
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Have you ever consider becoming a business coach? Your word is very motivating. Like stuff came out from Tony Robbins
 
doubledoubledoublecup said:
Interesting career advice:D, So how long did you stop trading for until you are no longer angry when trading and not end up becoming a front-line soldier.

I do get angry when I am trading, I just try to not let it not affect my trading decision, atleast most of the time. Reversing trade is a strategy I am researching to improve my daily winning %.
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I do day trading.
About 40% of my trades are based on trend reversal.

I am glad to say that if I am angry/frustrated/vengeful, I'd stop trading right away, and
do other things like go for a run.

When negative emotions are very high, there is a very high chance we will do revenge trading
and most likely it is trend reversal trading.
 
doubledoubledoublecup said:
Have you ever consider becoming a business coach? Your word is very motivating. Like stuff came out from Tony Robbins
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Good Evening doubledoubledoublecup,

Thank you for the compliment. No, I have not consider being a business coach, perhaps a trading coach yes, but I instantly rejected that thought for the sake of my peace and sanity. Plus, knowing what I know now, I need my orders to fill!

My words are not motivating, they are what you do not hear or read often, Truth with a mix of brute force painstaking experience.

Never forget, who you are. You are simply a one man show and your goal is to make money trading, and no matter what you say or how you think about it, you better HURRY UP! Sure many will tell you take your time, and all that feel-good-talk, but the harsh truth is, the longer you stay at 1 ES contract the poorer you are and the further away you are from 500 ES contracts. And by time you figure it out, you still have to get from 1 contract to 500 ES contracts.

ET members will like you at 1 ES contract, but I guarantee your spouse will NOT and eventually your spouse will tell you to quit for wasting time and nothing to show for it, but an unpaid pie-in-the sky trading skill.
An unpaid pie-in-the-sky trading skill.
 
Concinnity said:
Yeah, it's not really advisable. It actually does work well the problem is it takes a lot of skill and mental discipline to do it. If you have that much skill and mental discipline to quickly flip, than it's better to just wait and identify the setup and take it straight up. It's basically just an additional tool that a strong trader can "potentially" learn to use.

In other words it works for people who already know how to trade at a high level and are consistent, strong mentality and properly funded. If you're just flipping it because you're down "x" and had no edge to begin with, than it's pointless. The reason is clear because you need the first edge to be one, because once you see that edge failing and you know it normally doesn't than you can flip because you expect an outsized move in the opposite direction due to that setup failing.

Here's an example though:

Let's say the overnight low hasn't been broken yet and you take a short position based upon your entry vehicle, stats, probability, confluence and whatever else you have.

We head toward the low multiple times but never get to it. You notice on a smaller chart that we're breaking micro lows by only a tick or two and immediately reversing up. This can be a sign of people being trapped short and also potentially stopping out weak longs. This can be an indication that your setup isn't going to work and market is getting overloaded to one side. So you would have a point where we get above that it's likely going to squeeze any shorts and also attract new buyers. If we cross that threshold than you would flip your short long.
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Thanks for explaining this scenario, and yea, this kind of false low happens everyday. Maybe reversing with a confluence of higher timeframe stand better chance of working out.
 
ironchef said:
I wasn't going to jeopardize my free Big Mac. Of course only tried new stuffs in Sim.

1-tick is hard, ended up made way too many trades within 1 minutes and slippages killed profit.
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You talking about your 1-tick experience in another thread piqued my curiosity. So I tried it in SIM yesterday, using a 3-point stop, and went 8-0. Tried again today and went 10-0. Of course, that was SIM and we all know what happens when we move from SIM to real $$. :)

You'd have to start with ES, too, so no micros and slowly scaling up. And like I said before, you better not lose... ever! lol
 
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ondafringe said:
You talking about your 1-tick experience in another thread piqued my curiosity. So I tried it in SIM yesterday, using a 3-point stop, and went 8-0. Tried again today and went 10-0. Of course, that was SIM and we all know what happens when we move from SIM to real $$. :)

You'd have to start with ES, too, so no micros and slowly scaling up. And like I said before, you better not lose... ever! lol
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Hello ondafringe,

I absolutely love when my ES trades give me a loss. I LOVE it with a passion! I look forward to my ES trade losses, and happy when they come.
 
ondafringe said:
If you were only going for one tick, you wouldn't! :)
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Hello ondafringe,

You not going to win unless you are loser.

Worrying about a loss in trading is like having sex without a condom, then complaining cause you got a STD or AIDS.

STD or/and AIDS comes with unprotected sex, just like losses comes with trading business.

You love that raw sex be ready for the STD or AIDS that comes with. Love trading winning or losing.

We gamblers, not priest or engineers.
 
doubledoubledoublecup said:
Recently I was hit by the idea of "reversing the trade to get back loss" or "when you get stopped out it's the best time to reverse your trade"

Personally I had bad experience with such a trading strategy, it is not uncommon that the market would stop you out on high/low tick before going back to your original direction. But some trader seems to be able to improve daily win rate by doing it, and I read some Market wizard featured traders have used this strategy as well.

So often you use the reverse key, and is that part of your strategy? In what condition do you reverse your trade or is there any filters and rules you have for reversing your trade.
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There is no rule based trading system that is sustainable over time. The only system that can make money is one where you never realize any losses.
 
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