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tight stop really work?
- Thread starter 0008
- Start date
Quote from joemiami:
those that say longer time frame positon trading is the only way to consistently have a chance of being profitable, they lack methodology skills.
IMO they are too lazy to think the puzzle through clearly, or they trade OPM or they are most likely paper tigers on this site.
Given the fractal nature of the markets and the account size at risk to position trade volume I cannot see the point.
But that is just me.
regards
f9
Oh boy. Here we go. Astrology next? Moon phases?Quote from fearless9:
Price waves...fractal nature of the markets
I've probably forgotten more about fractal geometry than you'll ever know. There are plenty of guys like you who throw the term 'fractal' around and think that because they understand the idea of self-similiarity, they can see it in the markets or apply it. Ever try to codify it?
Right. Thank you.Quote from osorico:
To compensate, I reduce size.
Quote from osorico:
As you know F9, YM is my instrument of choice. Most folks who have seen me trade think I use tight stops (most of the time). 15 YM ticks or less for a stop is my "preference". Volatility has made my preference somewhat less attainable, but it didn't eliminate it! To compensate, I reduce size.
Fortunately, my methods of trade selection are not affected by volatility. The volatility (actually it is the ranges, which is not the same as the volatility) however causes the prudent (thinking) man to be firmly in control.
Osorico
Fair enough O, we all make decisions based on what we see.
I have changed my timing but my stops and trade size remain unchanged.
The odd outcome is my fill ratio has dropped but my entry stops have increased disproportionately.
All in all todays ES has a better session yield.
regards
f9
Everything is relative to the individual, some swing and others scalp. I do think every new trader should learn to scalp first. Limited risk, best way to improve market timing and the such. I do think the long term goal should be swing trading, do to the fact that size becomes an issue.
Constantine, you are right about learning to scalp first. If someone can master scalp trading first(we all know it to be more difficult), then the longer timeframe trade methodologies are easier to master. NOT VICE VERSA
generally, people that start out swing trading or take longer timeframe positions have a harder time learning to scalp...
LEARN TO SCALP FIRST, THEN YOU WILL MASTER THE LONGER TIME FRAMES WITH RELATIVE EASE
generally, people that start out swing trading or take longer timeframe positions have a harder time learning to scalp...
LEARN TO SCALP FIRST, THEN YOU WILL MASTER THE LONGER TIME FRAMES WITH RELATIVE EASE
Quote from joemiami:
Constantine, you are right about learning to scalp first. If someone can master scalp trading first(we all know it to be more difficult), then the longer timeframe trade methodologies are easier to master. NOT VICE VERSA
generally, people that start out swing trading or take longer timeframe positions have a harder time learning to scalp...
LEARN TO SCALP FIRST, THEN YOU WILL MASTER THE LONGER TIME FRAMES WITH RELATIVE EASE
Yes, I will go with that.
If you start off in the company of Position Traders you will pick up some particularly nasty habits which you will need to rid yourself of before you can begin to day trade.
Once you can day trade profitably, you will have acquired sufficient knowledge to know that this game is all about risk.
regards
f9