Trading can be easy
- Thread starter Ditch
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Quote from swoop[TR]:
Ditch,
while it is very kind of you to share your system, you are putting beginners at risk of great loss with your system, which is what I condemn. Trading is not easy and it is not a game.
While u may be doing 10 points profit a day on average (which i sincerely doubt), you are an experienced trader with multiple filters in place (discretionary filters). These filters can save you from some downside I guess, but most traders will get burnt trading your system if they do it like a 12 year old.
I guess the title begs criticisms, that is all.
Otherwise, have fun trading
Hey Swoop. In any posts that I've read, Ditch has always come across as a stand up guy. If this system is the one he's pulling in a good amount of ES points and he's willing to share it then I applaud him. And shame on someone who takes the system and doesn't test it before putting their money down.
This is my rational for why 10 points a day on large numbers of trading days can't hold up:
your risk ratio is 2:1, let's say you have a 70% edge over the market (which is pretty damn good:
0.70*2 - 0.30*1 = 1.10 points, you would need to have about 9 trades per day on average to hit your 10 point per day profits.
I think it's a bit much personally, 9 trades a day for 2 points profit ? Unless you trade like a robot and enter each and every trade right on the money, I don't see how you can do that.
Just my 2 cents.
your risk ratio is 2:1, let's say you have a 70% edge over the market (which is pretty damn good
:0.70*2 - 0.30*1 = 1.10 points, you would need to have about 9 trades per day on average to hit your 10 point per day profits.
I think it's a bit much personally, 9 trades a day for 2 points profit ? Unless you trade like a robot and enter each and every trade right on the money, I don't see how you can do that.
Just my 2 cents.
"I know for sure that this setup is EASY to learn. How fast it will turn in to profit depends on the trader's conviction and experience. It got me to being profitable within a year."
Within a year sounds easy, yea
Anyhow, if you didn't wait to get really consistent at getting 10pt/day and started the journal now, there would be more learning benefit to people, since they'd start learning your "way of thinking" earlier.
Within a year sounds easy, yea
Anyhow, if you didn't wait to get really consistent at getting 10pt/day and started the journal now, there would be more learning benefit to people, since they'd start learning your "way of thinking" earlier.Quote from swoop[TR]:
This is my rational for why 10 points a day on large numbers of trading days can't hold up:
your risk ratio is 2:1, let's say you have a 70% edge over the market (which is pretty damn good
0.70*2 - 0.30*1 = 1.10 points, you would need to have about 9 trades per day on average to hit your 10 point per day profits.
I think it's a bit much personally, 9 trades a day for 2 points profit ? Unless you trade like a robot and enter each and every trade right on the money, I don't see how you can do that.
Just my 2 cents.
My win loss ratio is about 55/60 %, average loss is 2 ticks, average win 5 ticks. This setup occurs about 5 times an hour. i use another one, that has the same W/L figures. I take about 10 trades an hour and trade 2 to3 hours/day. Now, do the math.
Quote from traderkay:
"I know for sure that this setup is EASY to learn. How fast it will turn in to profit depends on the trader's conviction and experience. It got me to being profitable within a year."
Within a year sounds easy, yea
Yeah, if that was my main goal: teaching others, but it isn't.
Quote from swoop[TR]:
ok, so u use two systems, and u do trade like a robot
Case closed.
It's feasible, just not very likely, but hey if you can do it, that's great.
I don't trade like a robot, truth is that i enter a lot of orders that don't get filled, about 10 to 15/hour, but i like to press buttons
But it may be to hectic for some, then just increase the timeframe, you get fewer trades, like 3 /hour instead of 10. , i.e. set at 343 ticks.
Quote from swoop[TR]:
ok, so u use two systems, and u do trade like a robot
Case closed.
It's feasible, just not very likely, but hey if you can do it, that's great.
Hey. Wouldn't YOU trade like a robot for 10+ ES/day?? :-B
What I mean to say is trading is supposed to be just that ... TRADING. Not sitting around watching TV or surfing the web.
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