The myth of letting your winners run

How do you do it?

  • Total voters
    29
  • Poll closed .
Tradex said:
6 months? Why not test it immediately with historical data?
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You right Tradex,

You right man. back test is much better and faster, but I have to do it manually. Take time too.

From experience, I learn alot with manual back testing. But it is hard work.
 
Tradex said:
Well, see, my mule does not like it when I average down... :D


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My trading account likes averaging down, Just took and exited this averaged down LONG trade in ES. Good for over 650.00. Quick bucks. Grab them profits. Trip to Dillards?

ES averaged.JPG
 
volpri said:
My trading account likes averaging down, Just took and exited this averaged down LONG trade in ES. Good for over 650.00. Quick bucks. Grab them profits. Trip to Dillards?

View attachment 229510
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Well, good for you, it worked this time.

But if you keep adding to losers one day you will empty your trading account, unless you have some reasonable stop loss mechanism in place.

Personally I only add to winning positions. And then I let the market go wherever it wants, until I see some evidence that the trend is over. Putting an artificial limit to profits does not pay in the long run.
 
See Eastwood a fistful of dollars in say 25 to 30 minutes (as was a 5 min charts) and the mule is happy too. The losers were the cowboys that tried to hold short. They should have jumped out as I was pulling my pistol and jumping in!
 
Doc Holiday is too fast for the cowboys. I'll be their "huckleberry". SL's ? Remember ...The gambler "you got to know when to hold'em and know when to fold'em know when to walk away and know when to run you never count your money when you're sittin' at the table there be time enough for countin' when the dealin's done"
 
volpri said:
See Eastwood a fistful of dollars in say 25 to 30 minutes (as was a 5 min charts) and the mule is happy too. The losers were the cowboys that tried to hold short. They should have jumped out as I was pulling my pistol and jumping in!
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One day you will average down a flash crash and game over. Be careful and happy trading.
 
Another cowboy bit the dust. Long scalp. BYE for now. Ya'll come back. Got to run to the feed store and buy some seed for the garden. Wife wants to go. Will be cheaper than Dillards. Grab them profits! A bird in the hand worth 20 in the bush. LOL
ES long scalp.jpg
 
Largest position size and longest trade duration when on the wrong side, smallest size and shortest duration when on the right side. Not too swift.
 
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