Thanks RN. Sounds complicated.
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Thanks RN. Sounds complicated.
It's as complicated as the current PA environment dictates
or.., a simple minded..., dumass redneck can make it
Good Trading All - win or lose
RN
BTW - and back to the original point - give me a "losing" approach (like there actually is any)
I'll trade it profitably - I've done it before..., just to prove a point to someone
Ultimately - it ain't the approach that'll make it profitable
It solely the trader
RN
NY quipped that, if you're losing money, "reverse your order entry keys".
So, what about reversing your entries as a losing approach? When your strategy signals a long entry, go short instead. When it signals a short entry, go long.
I'd take my hat off to you, if you could make that profitable.
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I'd take my hat off to you, if you could make that profitable.
Simple
As this your suggestion to a losing approach - I'd re-reverse the keys - and make it profitable
Only if it were that simple - it ain't
Takes the idiot managing the mouse to make it so
===============
He posted that as a "quit trying to second guess price - and follow the damn thing"
Many aspiring traders like to step in front of a roaring freight train..., or..., catch falling knives - both lethal to one's account / longevity
I understand why they do it - still doesn't make it right.., nor profitable
RN
Hi RN, I see how you could do that, as unless the entry to a trade is absolutely perfect (best possible entry price) there is always a little price going against you before the trade start working for you, so by reversing keys you'll just have to be quick and take that little profit before the trade moves away from you.
I have noticed that the worst I can do for myself is to wait too long to take profit (i.e. don't take profit when price indicate that is probably going to stop moving my way) and then price start moving against me and since I had a better exit I am hooked into wishing for as good as an exit so while price keeps moving against me I stare at the screen and see my trade going into the trash...
I am working hard on this and I rather exit earlier and take half of the potential profit for my trade than wait too long and lose it all.
And... it is working really well for me this days doing so...
VO
I have noticed that the worst I can do for myself is to wait too long to take profit (i.e. don't take profit when price indicate that is probably going to stop moving my way) and then price start moving against me and since I had a better exit I am hooked into wishing for as good as an exit so while price keeps moving against me I stare at the screen and see my trade going into the trash...
I am working hard on this and I rather exit earlier and take half of the potential profit for my trade than wait too long and lose it all.
And... it is working really well for me this days doing so...
VO
RN
What platform you using
OB you mind posting a chart of what your ideal setup is long or shortNY quipped that, if you're losing money, "reverse your order entry keys".
So, what about reversing your entries as a losing approach? When your strategy signals a long entry, go short instead. When it signals a short entry, go long.
I'd take my hat off to you, if you could make that profitable.
It would be the opposite of this (but it wouldn't be day trading).
Hitch a ride on the roaring freight train or short the falling knife.
No prob I look for swings too, I will only D trade if the day is right