What I've found useful (or not)
- Thread starter hoo_doo_one
- Start date
Quote from NihabaAshi:
* Reduction in position size to better manage the increased risk exposure if you already know your method does not perform well in sideway markets.
* Understand why the market is going sideways...if you don't know...stop trading and go do something else for the day that's non-trading related.
Mark
Thanks for the advice on reducing position size. At one point I was adding to my position as the trend went on. In effect, I was increasing my risk. I had the opportunity to talk to a very well respected trader once and he told me to take the opposite approach.
In other words, start out large and decrease your position as the trend moves on in order to lock in your profits and decrease your risk. Is this what you meant?
-Hoo_doo
Very nice.Quote from NihabaAshi:
* Reduction in position size to better manage the increased risk exposure if you already know your method does not perform well in sideway markets.
* Increase chart interval to prevent missing something from the big picture (bigger view of the playing field).
* Don't use a method that you already know is not suitable for sideway markets. Thus, switch to a method that's suitable for such.
* Take profits faster (don't try to get greedy).
* Open trade positions only when volatility is increasing...not decreasing.
* Understand why the market is going sideways...if you don't know...stop trading and go do something else for the day that's non-trading related.
Mark
How do you tell (in time) when a market switches into sideways-mode and switches out of it.
If you can teach us that, we'll take care of the rest by ourselves.
hoo doo one..
Thanks for your work. I like the style and vibrations of your attempt to post here in this forum. Please hold on to your research and continue. You are very special.
You have saved a lot of people a lot of time....
Thank you again and good trading and research to you my fellow trader....
Michael B.
Thanks for your work. I like the style and vibrations of your attempt to post here in this forum. Please hold on to your research and continue. You are very special.
You have saved a lot of people a lot of time....
Thank you again and good trading and research to you my fellow trader....
Michael B.
Well put. I don't mind the "wrong once at the top" (or bottom) situation so much. My biggest issue has been related to how fast I'm able to realize the market is moving sideways. Those are the situations where I tend to get beat up a little.
I'll figure it out one of these days I suppose.
-Hoo_doo
Quote from hoo_doo_one:
Well put. I don't mind the "wrong once at the top" (or bottom) situation so much. My biggest issue has been related to how fast I'm able to realize the market is moving sideways. Those are the situations where I tend to get beat up a little.
I'll figure it out one of these days I suppose.
-Hoo_doo
mondays and fridays are typically sideways...keep in mind that and trade the ranges if u can't stay on the sidelines... track these 2days movements and compare the premkt and openin' ranges to all the other days to see if u can detect similar patterns...this way u might be able to see a rangebound session comin'.
Thanks OddTrader!
At least people around here are honest
Thanks Bitstream! I'll be looking through some data now.
-Hoo_doo