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Trading ES, reverse trade based stops
- Thread starter romik
- Start date
i'd wager that there are a lot of strategies of this "type" that most won't trade because of its risk profile (not to mention, again, that once in a draw down, it'd be hard for most to stick with the system)
There is nothing stopping a trader on low budget trading in similar way unleveraged some liquid stock. That would be correct way of doing it to withstand sharp unexpected spikes, something a trader would really struggle with being leveraged to the hilt.
Let's face it what I am doing here is rather basic, the aim is to stay with market oscillations and not be chopped to an extent of a wipe out.
Also, as the purpose is to stay with market flow and not to be correct in one's analysis, from psychological point it is much easier to reverse position in comparison to the latter.
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Hi Romik,
I see u r in the UK. How are you processing the trading signals when you sleep?
If this is a SIM trial I guess you can just deal with it in hindsight.
I tried automation, but I prefer to make decisions myself. I have partnered with a trader in Japan that we keep an eye on each others signals, if something starts developing we call to alert. If you want to be pro trader, then sleep deprivation is common, unless you go for position trading.