Yop. That was my first attempt at the markets, mostly. But it still involves picking tops and bottoms. See the journal thread.
10 points from Griffendore, and tack on another 5%. So 25% drop.
Trading the Indices on Fundamentals
- Thread starter FXtrader8911
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Yop. That was my first attempt at the markets, mostly. But it still involves picking tops and bottoms. See the journal thread.
10 points from Griffendore, and tack on another 5%. So 25% drop.
The power of trailing stops help do that automatically, then also keep a 10% buffer in capital and most of the time it works
You'd have to have trailing stops on the other side as well. It all cancels out.
No, the trailing stop is placed on the position after it has moved into profit... you ride the wave, the stop triggers only when the market turns, there is no stop on the opposite position. If you are hedged, only one position needs a stop... the one that's generating the profit to counter the loss of the other.
Hedging won't work too good in day trading and when you're scalping just a few points, but it works wonders longer-term and especially when your position is showing a loss so great that it would be painful to cut it, that's when you hedge and only if you think that the original position has a good chance to recover.
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I use it when needed and it works ok. It does not work well in scalping as the points you are after and time in market is a bit small.
Finishing up my response to ASIC... 7 pages in all!! Lucky I cut it down a little
This job has moved to #2 in my todo list, how much time do I have?
I still in the view that a correction is imminent, the balance of negatives surpasses the positives but the sentiment remains unrealistically high. IMO, a flush-out is required to allow the US markets to go higher on merit rather than sentiment.
If the correction happens, the probable supports are as follows, if the 1st support brakes then the Dec 2018 lows could well be seen before a quick recovery. The recovery would incorporate a rotation into the more recession resilliant names.
1st Support levels:-
ASX200 6,144
NIK225 20,166
FTSE100 6,679
DAX30 11,006
MDAX50 23,001
CAC40 4,877
HSI43 23,850
MIB40 19,618
IBEX35 7,929
EU50/STOXX50 3,065
USsCAP2000 1,417
US SPX500 2,730
US NDAQ100 7,135
VIX (Nov) 27 to 30
If the correction happens, the probable supports are as follows, if the 1st support brakes then the Dec 2018 lows could well be seen before a quick recovery. The recovery would incorporate a rotation into the more recession resilliant names.
1st Support levels:-
ASX200 6,144
NIK225 20,166
FTSE100 6,679
DAX30 11,006
MDAX50 23,001
CAC40 4,877
HSI43 23,850
MIB40 19,618
IBEX35 7,929
EU50/STOXX50 3,065
USsCAP2000 1,417
US SPX500 2,730
US NDAQ100 7,135
VIX (Nov) 27 to 30
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I think I am using the wrong bar style to see what you guys are seeing. Will have to mull this over while on vacation next week.
Master hedging with scaling and you are in the $3k/day club
In essence only when you make a mistake or buy at the very top (or sell at the lows) will you see red in your account, markets, with few exceptions (one being in 2017), always have enough volatility that with hedging and scaling most losses can be recovered, sometimes not only recovered but exceed the original target... use whatever method you normally use to make a decision to enter a position, if price turns against you then hedge rather than stop.
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Define a high or a low. That's the real trick, isn't it.