Why trading educators talk about entries 95% of the time?

[tradingismybusiness]

this trade style is ideal for traders who
1. get married to their trade
2. cannot hold a winner
3. cannot sell a loser
4. have great instincts on mkt direction and trend but have trouble executing the trade properly

and by the way that is 90% of retail what i just described!! so it is the retail traders way of combatting the worst of their own behaviors since they cannot control them and after most of their trades they look and say crap..ibwas right afterall!! so what do you do? you average down because over the past few months u didnt nail the bottom but u were pretty close so thats your risk barometer..im always pretty close and this bull mkt will come back for me

 

[Overnight]

I just scanned his thread, but oddly he scalps out for tiny moves which is the exact opposit
of what brooks says you should do, the irony.

But are you saying he just averages down into oblivion and never exits for a loss?

I didn't look at the entire journal but didn't see much in the way of exiting for loss..
..

He has losing trades, but never a losing day. I asked him to show me a day where he had a loss for the day, and he says he never has any. He has the magic, somehow. I'll never understand it. But great for him though! At least someone here is making the monies, Lebowski!

 

[volpri]

I just scanned his thread, but oddly he scalps out for tiny moves which is the exact opposit
of what brooks says you should do, the irony.

But are you saying he just averages down into oblivion and never exits for a loss?

I didn't look at the entire journal but didn't see much in the way of exiting for loss.

Also, is he not flat eod usually carrying losses into the overnight session to average more? If so, his journal is not for me.

You may want to do more than just a cursory glance at my journal. Yes, I am a scalper which I define as 1 to 8 points generally in normal in the ES. Bigger if higher volatility. I realize most would not call this scalping. I do. So, those tiny moves as you say are generally withIn those parameters of my definitions. Look at my charts to verify the size of the scalps.

Now get really good scalping i.e. executing those tiny scalps with LARGE sizes and A high win rate Together these combine for:

1) good profits

2) lots of trading opportunities in the session.

So, instead of sitting around waiting for a good trend to appear i can often eat my cake and the icing too and be out doing something else or fishing while a trend trader is waiting for a setup unless he is automated.

FYI brooks discusses trend trading and scalping and was He was for years a scalper of min 1 point himself. He does advocate intraday trend trading which I also do but we have not discussed that yet in this thread.

Also I am 99.8% of the time totally flat at the end of a session unless I just goof up and didn’t have exit before the close. I don’t do overnight in futures.

 

[volpri]

He has losing trades, but never a losing day. I asked him to show me a day where he had a loss for the day, and he says he never has any. He has the magic, somehow. I'll never understand it. But great for him though! At least someone here is making the monies, Lebowski!

Of course I occasionally have a losing day. I don’t recall ever saying I never do.

 

[volpri]

no he is flat eod. yes he takes very small gains but on multiple positions when it works. so far he hasnt shown many losses which is possible depending on bank roll. this strategy is basic and works well under extremely strong trends like we are having but they usually get clobbered for most of the trade and then get out as soon as they have a small profit. now had they actually mamaged the loss by exiting and sizing up on the next rebuy they would reduce risk and increase profits but they cannot take losses like most so this strategy is good for people who say im never taking a loss my bias is bullish so im looking for a good place to buy. not perfect but good because i will average my entry price lower. the problem is at the worst time you not only have maximum loss on paper you also have maximum positions but to get s a trader like this to size all at once they wouldnt because they dont trust their signals or the mkt short term. but they trust it longer term to come back and save them. he alluded to that when he said short term entry and he adds when the longer term is still tremding higher. so he is trying to trade a smaller fractal or counter move within a longer bull move and he adds to his losses to to reduce the loss per position then when the mkt continues its longer term bull move higher after the retrace he exits all or most of his positions at a small profit. like everything sure it can work for awhile. but one day like recently when we had a huge down trend day with zero sustained reversals he stopped his journal because on that day. if he followed his gut he lost huge.

Don’t forget I have a “premise wrong”exit point. Total exit. I am not just gonna hold and average down till broke. In zero sustained reversal days I am out double up or tripled up in the correct market direction as I was caught on the wrong side. I AM NOT JUST GONNA KEEP AVERAGING DOWN INTO OBLIVION. I thought I made that clear. I START WITH A PREMISE I WILL AVERAGE DOWN UNTIL THE PREMISE IS PROVEN WRONG THEN I TAKE MY LOSSES AND GENERALLY GET THEM BACK BEFORE THE SESSION ENDS OFTEN JUST IN MINUTES LATER BY DOUBLING UP OR TRIPLING UP IN THE RIGHT DIRECTION.

Look guys I gotta go. Have company.

bye

 

[tradingismybusiness]

You may want to do more than just a cursory glance at my journal. Yes, I am a scalper which I define as 1 to 8 points generally in normal in the ES. Bigger if higher volatility. I realize most would not call this scalping. I do. So, those tiny moves as you say are generally withIn those parameters of my definitions. Look at my charts to verify the size of the scalps.

Now get really good scalping i.e. executing those tiny scalps with LARGE sizes and A high win rate Together these combine for:

1) good profits

2) lots of trading opportunities in the session.

So, instead of sitting around waiting for a good trend to appear i can often eat my cake and the icing too and be out doing something else or fishing while a trend trader is waiting for a setup unless he is automated.

FYI brooks discusses trend trading and scalping and was He was for years a scalper of min 1 point himself. He does advocate intraday trend trading which I also do but we have not discussed that yet in this thread.

Also I am 99.8% of the time totally flat at the end of a session unless I just goof up and didn’t have exit before the close. I don’t do overnight in futures.

you dont do overnight in futures because it is not as forgiving as intraday. once that overnight algo sees you adding it blasts you or you get caught up in a blast in the wrong direction overnight which can be substantial points on low volume. i wish you the very best and i hope it keeps working for you. but i caution anyone else trying this because you will need to stomach big losses on paper during your trade to exit with a smaller profit. here is an example mathematically. we will buy 4 contracts. every 3 points lower. we will exit with 1.5 points of profit watch the numbers
mkt at 2900 es
buy 1 2900
buy 1 2887 down 150
buy 1 2884 down 450
buy 1 2881 down 800
mkt drops to 2880 holds spikes lower to
2878.5 for a second then back up.
our average price was 2888
max draw down 1,900
mkt rallies hard off the bottom spiking back to where we almost got into the trade 2890 and we exited with 1.5 pts profit on 4 lots so
75x4 or 300 dollars profit and the mkt never went above our initial entry. we were right by being wrong! the problem if you have 3 of these and 1 wins and 2 lose here is the scenario
-1900 -1900 and plus 300! do that math!!

 

[tradingismybusiness]

Don’t forget I have a “premise wrong”exit point. Total exit. I am not just gonna hold and average down till broke. In zero sustained reversal days I am out double up or tripled up in the correct market direction as I was caught on the wrong side. I AM NOT JUST GONNA KEEP AVERAGING DOWN INTO OBLIVION. I thought I made that clear. I START WITH A PREMISE I WILL AVERAGE DOWN UNTIL THE PREMISE IS PROVEN WRONG THEN I TAKE MY LOSSES AND GENERALLY GET THEM BACK BEFORE THE SESSION ENDS OFTEN JUST IN MINUTES LATER BY DOUBLING UP OR TRIPLING UP IN THE RIGHT DIRECTION.

Look guys I gotta go. Have company.

bye

ok so what is your max loss limit per unit of trading? or for what you consider a trade? 500 dollars 5000 dollars what is your maximum excursion point before exit? or on exit i should say

 

[tradingismybusiness]

Don’t forget I have a “premise wrong”exit point. Total exit. I am not just gonna hold and average down till broke. In zero sustained reversal days I am out double up or tripled up in the correct market direction as I was caught on the wrong side. I AM NOT JUST GONNA KEEP AVERAGING DOWN INTO OBLIVION. I thought I made that clear. I START WITH A PREMISE I WILL AVERAGE DOWN UNTIL THE PREMISE IS PROVEN WRONG THEN I TAKE MY LOSSES AND GENERALLY GET THEM BACK BEFORE THE SESSION ENDS OFTEN JUST IN MINUTES LATER BY DOUBLING UP OR TRIPLING UP IN THE RIGHT DIRECTION.

Look guys I gotta go. Have company.

bye

interesting i never saw this exiting and doubling up tripling up in your journals i just saw the adds to losers and then the gains??

 

[tradingismybusiness]

can anuone else point out this doubling and trippling up after a significant loss from adding to a loser. so let me get this straight. after you exit a large position with big losses you then double up or triple up again all at 1 price and once again on a small move higher exit and recover your losses. tough game man always trying to dig out!! 2 steps back and 1 step forward is a losing game.

 

[tradingismybusiness]

i think my work is done here on this thread. any questions???