The TREND is your friend.. The biggest lie ever!

hurricane_sh said:
I can't say how it works with long term, but I have a 100% winning rate since I used it two weeks ago.
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HS

This is one of those counter-intuitive true-isms of trading

In a volatile (back and forth) environment - what you suggest will work

Try it in a trending environment..., especially one with momentum - you'll have your ass handed to you in spades



RN
 
Redneck said:
HS

This is one of those counter-intuitive true-isms of trading

In a volatile (back and forth) environment - what you suggest will work

Try it in a trending environment..., especially one with momentum - you'll have your ass handed to you in spades
RN
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I always thought it could be potentially very dangerous, but on the other hand, I only day trade, I skip the first 30 minutes and finish trading before 2 PM. I only go long, when the market is very bearish, why do I have to trade at all? Anyway, after two weeks experiment, I believe my method is very safe.
 
@hurricane_sh ack has no prob doubling dn $93 tranches.

Ask debit if this would be an appropriate time to annouce a couple more of her active nicks. Hopefully she tells u to cut this chit out.
 
Eddiemorra said:
That's encouraging. I'm on about 6 years full time, and every move is still a surprise like it was on my first day!

I heard DBPheonix the other day say that if someone hasn't 'got it' within 6 MONTHS they should quit, which was disheartening! lol
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Who knows , i may define a trend 7 ways like Market Add... did?? I like 6 months , also, but prefer 10 year chart.LOL. And just because ''Market Makers Edge'' uses 6 month chart....., that does NOT mean its the best way to define trend.............................................
 
If you are really good at determining "buy areas" and scale into them, then scale out on the way up, it can definitely work...Obviously the problems occur on the occasions that you are incorrect and you have this very skewed r:r...I've seen plenty of guys over the years who were aggressive scale traders and I believe there is some sort of euphoric rush involved with scaling in and then watching the market turn on a dime and fly higher...It's a very difficult habit to break though...

OTOH, all of my respect is reserved for the traders who do the harder trades which is to add to winners...Whereas the scale trader is going to be aggressively exiting, the other trader is adding...It won't have a great win percentage, but the gains will dwarf the losses if done correctly...So I'd say that "scaling" counter-trend satisfies an impulse that many of us have, but it just takes a handful of poorly timed scales to really blow things up.
 
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