The myth of letting your winners run

[volpri]

While I am waiting on another PB I'll just grab me a quickee 1 point long scalp. Locking in them profits.

 

[volpri]

As you can see it is around 22 bars since open but it has broken north of the sideways move and held. So unless we get a deep PB into the range I will not be shorting. It is looking more and more like a SPBL trend from the open. The tactic is to buy PB's and exit swing highs or moves up over and over. We will see what does. I adapt on the fly.

 

[Tradex]

Eastwood another cowboy bites the dust from Doc Holiday's blazing gun. While a trend trader is twiddling his thumbs a scalper is dropping them cowboys. Long averaged down scalp. Context ripe.

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Good for you.

But again, these are after-the-fact trades.

 

[volpri]

Gotta eat breakfast.

 

[volpri]

Good for you.

But again, these are after-the-fact trades.

Well now I can't show them before they happen can I? These are live as my platform places the little triangles.

 

[volpri]

Another cowboy bites the dust. locking in them profits while eating breakfast. Average down long on a PB.

 

[Tradex]

"Profit at 2R":
....

Trades per year = 60 (5 simultaneous trades per month)

Wait a minute my friend, why did you select 60 trades in this "Profit at 2R" example, and only 10 trades for the "Let your winners run" scenario ??

 

[Tradex]

Well now I can't show them before they happen can I? These are live as my platform places the little triangles.

Well, you could start a trading Journal here on ET and post your buy/sell signals as they happen.

 

[volpri]

I gotta go work in the garden. May squeeze off another trade before. We will see.

 

[volpri]

Well, you could start a trading Journal here on ET and post your buy/sell signals as they happen.

I have an extensive detailed journal. I am posting trades as they happen. Have been all morning.