WHAT IS A SECOND ENTRY ?

schizo said:
Grrr, you didn't understand me earlier in the other thread either. Would you like me to spell it out for you this time? First and second entries don't mean anything without first considering the failed traps from the opposite side. :banghead:
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i am just defining second entries... what they are

according to Brooks they have a significance

according to you first and second entries do not mean anything.

you are right i do not understand what you are saying
 
second entry is safer than first entry but it is obvious, that if the first, is a wrong trade because of overall context then the second is wrong too.
also second entries often lead to scalps
 
since prop funds have very tight loss targets and you can be totally out on your backside, the only option i think ,traders have ,with prop funds is to scalp.

here the problem is that ,with scalps, the stop/risk is high you need a win rate of over 90% to survive.

this win rate is not sustainable and so of course prop funds are betting you will lose and it will be surprising if you do not fail sooner or later
 
padutrader said:
since prop funds have very tight loss targets and you can be totally out on your backside the only option i think traders have with prop funds is to scalp.

here the problem is that ,with scalps, the stop/risk is high you need a win rate of over 90% to survive.

this win rate is not sustainable and so of course prop funds are betting you will lose and it will be surprising if you do not fail sooner or later
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Hello padutrader,

Yes, you are right. The drawdown are small

But, you gotta do it. We can't lose alot money
 
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