you can dca from 10 up to 100 as well as from 100 down to 50 when your assessment is that the price is still right.
the myth of averaging down for traders
- Thread starter Ivano
- Start date
you can dca from 10 up to 100 as well as from 100 down to 50 when your assessment is that the price is still right.
Yeah,like digging for gold,stupid idiots buying those shovels! Probably got huge egos thats why.
That's why us idiots use stops.
My perfect entries are when a position moves in my favor and never trades lower than my entry.
virts like that uncle thats always telling you how in his day he was bigger and stronger than you and could bench press more than you.
you know its not true but you also know he's just anxious for your admiration so you humour him.
virt says hes never had a losing month,i guess hes expanding on that here and saying that he's never had a stop hit.
god love him.
I never said that. That's a fake and manipulated post.
This is the post I reacted on, and also my reaction.
If you need to hold the bag for months or years and have to hope nothing happens, you are an idiot. That's my point.
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No, I never said that, but I use stops and never lose lots of money. Neither have I to wait months or years to get into profits.
I also don't pick/have to pick bottoms. I am a trendfollower.
I only have to take care that after I got in, the market does not reverse further then my stop. So 5 points ES. That's how I avoid losses. The fact that you speak about bottoms, shows clearly that you complete miss how I trade. It has nothing to do with picking bottoms or tops.
But I am not going to explain my strategy.
Try to read what I post and don't change/manipulate what I posted.
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You guess and add comments that only exists in your imagination.
Are you a Russian? They use the same "logic". And you include even the "whataboutism".
I indeed have no losing months, which is not that difficult for a daytrader. I understand that for you as a newbie it is a far away dream. But don't project your (lack of) knowledge on someone else.
PS: I never said that I had no losing months. I said that I never have losing months. As a daytrader I do around 100 trades a month. If I would just do 2 or 3 trades a month I would have more risk to end the month in the red because recover a loss in just 1 or 2 trades is difficult.
Because of the positive expectancy of my system, I only need to do a statistical relevant number of trades each month. 100 trades a month is more than enough to have results that match with my long term expectancy. I should only see that I always gave a positive result for any 100 consecutive trades. In that case I never have a losing month.
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That's why us idiots use stops.
My perfect entries are when a position moves in my favor and never trades lower than my STOP.
Recognize that there are many different strategies that work in the market.
There are many people who buy assets knowing they will ultimately appreciate but don’t know when. Often their trades are underwater for a long time. You know the names of some of these people as you probably have read about them. they are some of the most successful wealth generators of all time.
There are many people who buy assets knowing they will ultimately appreciate but don’t know when. Often their trades are underwater for a long time. You know the names of some of these people as you probably have read about them. they are some of the most successful wealth generators of all time.
The most successful wealth generators of all time represent less than 0.0001% of the world population. So they are so good that nobody else can do what they do. And now you pretend that the average wannebee investor on ET is able to challenge these successful wealth generators? Why are these ET average wannebee investors then not part of the group of the most successful wealth generators of all time?
It is like saying, what the best NBA players can do, I can do too.
You want to compare these ET average wannebee investors with people like Warren Buffet or George Soros?
And these most successful wealth generators of all time have this problem probably 3 times in their life. These investments probably represent less than 1% of their total net worth.
