Got to think through what u say. Im saying if volpre adds theSame amount of contracts as u do on each of your entries hevwould have more than u cause he never jettison his first entri es. Correct?
Why trading educators talk about entries 95% of the time?
- Thread starter VEGASDESERT
- Start date
I for one believe if your ent
May I ask what you are trading...and how you entry. If so by signal, then my next question is by how you view orders in the bars to determine if the entry is feasible. It is not about managing a bad trade...its about winning a profitable trade.
no. we always have the same.
volpei...buys 1 buy 1 he has 2 buys 1 he has 3 buys 1 he has 4 buys 1 he has 5.
me. i buy 1. sell 1...buy 2 sell 2. buy 3 sell 3 buy 4 sell 4 buy 5 sell 5
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Typical investor / fund is diversified in their investments...its not just one investment.
In contrast, the typical trader is only trading one trading instrument but some do trade a basket of different trading instruments at the same time.
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Typical investor is less dependent upon their investments as a source of earning a living.
In contrast, the typical trader is more dependent upon trading as a source of income (e.g. full-time, part-time...2nd source of income).
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Simply, the key issue here is the market context for the investor versus the market context for the trader. Therefore, its not similar forces.
For example, a trader that took a Long position prior to the Pandemic and held it as a loser and continue averaging down (adding to his/her Long position)...
You forgot to mention the other variable that involves the Broker (their risks) versus the account size of the trader. Thus, the broker will issue a margin call and then close the position regardless to what the trader wants to do (continue with the average down philosophy).
My point, the typical investor is investing for different reasons in comparison to the typical trader that is trading for different reasons. The difference is then magnified by the broker.
A investor can Buy at 100 and then Buy more at 1 at a very cheap discount...the investor will not get a margin call. Also, the investor can hold the losing investment for many years if needed and add other investments to their portfolio.
Risk of Ruin (black swan event)
In contrast, a trader can't do that...the trader will get a margin call long before it reaches 1. Also, I don't remember hearing about you having a basket of different trades at the same time to minimize the risk of ruin.
In other words, completely different forces at work intraday and a poor explanation (excuse) for averaging down in trading via the investment analogy.
wrbtrader
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basically volpri says long term this mkt is bullish so get long and keep getting long averaging into your trades. my point is do we ever see him do a max loss in his journal and the do a double triple reverse??? nope. because he scrambled once i had him under the gun.
he even mentuoned some guy named dozu as if that would help his case? and said he would be proved right because mkt will go up.
thats his bias right there so when its low to him he buys n buys more holding all of it.
i say dump it all rebuy it all or u could dump half n rebuy half plus new to reduce risk.
volpri. i implore you to tell us what your max loss is when you exit all and reverse? and show us on one of your detailed charts otherwise you are just guessing or posting charts in hindsight.
typical.
his risk management is to keep buying more!! unlimited loss for small gains. anyone who worries about win loss percentage typically doesbt make much after fees n slippage
from a mkt mechanics stand point i am getting more people long and creating lots of volume instead of just buying and holding.
Whoa wait. I saying volpri follows your buying pattern buys 1, Buys 2, buys 3, buys 4. Volpre nows has 10 whereAs u have 5 to sell for profit once u get back your losses. Volpri lowered BE point plus making big bucks not little does once he gets above be. U just barely getting your Losses back and sone starbuck monies???
are you really not getting it or just fooling around. I always make more than volpri with the same strategy because we always have the same positions except he holds and has all the losing ticks while i avoid them
again where is volpris max loss amount or his get out amount. if we have a 20% down day he could lose 10 years of work
