Good Morning Mr. 888. My man! Simply by your post and analysis, I can tell you are an accomplished trader. I like that! Are you saying that a 10 point move or a 5 minute delay gives me a 70 percent chance of winning? That I somehow then know what the market will do next. If that were the case, why not just take the entry mentally and wait 5 minutes for a10 point favorable move, then actually place the trade. That would certainly produce a winner right? There is no certainty in the prediction of the market. Here is the reason for delay at times. First and foremost, I am very good at seeing a loss in momentum in the markets. One of the best you will ever know. Secondly, you may notice all my trades are on a smartphone. A cheap one at that. I don't even own a laptop or computer. Then, placing an order on collective2 is a process by smartphone. I have to type in the sl and pt after I have decided to place a trade. Many times, really most times, the market has moved from my desired entry. So I have to retype and reset my sl and pt to reflect the30 point sl and pt. Do you know how many times I have missed 8 even 10 points favorably for my intended entry, trying to ensure I get the 30 point parameters. Many my friend. That is what occured in trade17. Take a look at the C2 platform. Place trades from your phone trying to keep the 30 points and get your desired entry. Add to that, the quotes are delayed. So I also use a live feed for up to date market price. Add to that, the site I use for the minimal technical analysis I employ. So here's the picture. I first watch the market and assess the techs using investing.com. At the same time I am back and forth to my live feedl because investing.com market price lags a bit. When I decide it is time to trade, I switch to collective2. Of course I can no longer see the live market feed or the technicals. All the while the market is not sitting still. After I get the trade entered I have to screenshot it then switch over to ET to post it. All on one phone, one screen visible at a time. On top of that, I am usually at work running a machine for injection molding(plastics). With a quota to meet and a no use of cell phone policy. I ask you to try this process without the job I have. Your post will not appear 2 or3 minutes after you take a trade.
Now, here are some things you haven't noted. I have never lost two trades in a row. The 10000 dollar beginning balance has only once been breached and that was around the third or fourth trade in the amount of 2 to3 hundred dollars. My market entry price on a trade is seldomly touched even through out the session, after I have excited the trade. I'm averaging around 6% a day. I have one day which ended with loss. That was on Friday. Around 250 to300 dollars. Less than three percent of the beginning balance. My risk now averages 30 ticks. Usually around 750 dollars if I allow the stop loss to be hit. What do you think the odds are of me losing the principle. I can answer that. Zero to none. I would have to lose around 7 trades consecutively to give back the profit. That will never happen.
Just a little insight into what it looks like from my shack in Nigeria.
