The days when trend traders get kicked hard?

[Mav88]

I bet gold is his code for Cialis

 

[oldtime]

Quote from Mav88:

I bet gold is his code for Cialis

that would explain the ambulances at his house every four hours

 

[Visaria]

Quote from oldtime:

Everything was going fine. Now I am getting stopped out all the time. Maybe I should widen my stops. I would do better just scalping than trying to catch a trend. Maybe I should just trade with no stops. Everytime I get stopped out it just chops back up to where I got in at. Or maybe my time frame is too small. It looks like crap on the 5 minute, but on the daily we are still in a strong trend. Maybe I should reduce size and position trade. A guy with no brains could just scalp this. I know they say you shouldn't martingale, but if I had I would be up 500%. But then again, my grandfather takes his whole social security check each month and uses it to buy gold (and has ever since he turned 65) and as far as I am concerned, he is the richest man I know.

Widen stops, trade the trend which is strongest, lower position size.

P.S. When did grandpa turn 65?

 

[oldtime]

Quote from Visaria:

Widen stops, trade the trend which is strongest, lower position size.

P.S. When did grandpa turn 65?

right at the bottom, his last dying words were "sell at $1900"

 

[Visaria]

Hope u followed his instructions and that he left you the money

 

[oldtime]

no pain no gain, probably the best trend following system is the one that messes you up most in a choppy market. Of course, most of these systems assume you will live long enough and have enough money left to endure the chop before it finally starts trending again. Kind of hard when you hear some old battered trader state that most markets chop most of the time.

I'm a trend follower, but my system relies on the hope that I will die before it starts chopping more than it ever did in the past.

 

[oldtime]

when I was a kid there was a tounge in cheek artlcle written by a CPA who was so conservative that he never would buy a stock, but he loved horse betting, and he used the actuarial tables to determine when in a mans life it was a good idea to martingale.

 

[oldtime]

Quote from Visaria:

Hope u followed his instructions and that he left you the money

$1900 gold? that's just crazy talk, gasoline would have to go to $4.00 a gallon before that would ever happen. Dream on dreamer, you might as well be trying to sell drinking water

 

[athlonmank8]

Most traders that have excelled in this game don't have a markt-type they can't trade. I would suggest that if you can't trade chop, you probably can't trade trend either. Or when the trend changes you get eaten alive. Either way, you need to better-research what's going on and then work on execution. Stop trading or trade very light.

 

[Visaria]

Quote from athlonmank8:

Most traders that have excelled in this game don't have a markt-type they can't trade. I would suggest that if you can't trade chop, you probably can't trade trend either. Or when the trend changes you get eaten alive. Either way, you need to better-research what's going on and then work on execution. Stop trading or trade very light.

I don't know how to trade chop apart from just ride it out and hope the drawdown ain't too big. The problem is that one does not know when the chop will end and when the market will trend again.