The standard advice on adding to a profitable position is to wait for a new valid entry signal and enter there. Traders are usually advised to...
This is pretty good. Definitely give up Coke etc. and all snack foods. You need sufficiently large balanced meals but nothing in between....
Your maths are correct. But my suspicion whenever I hear of a trader with a massive win:loss imbalance, like 1:6, is that they didn't plan for 6,...
I think we've already decided that whatever the funds do, we have at least the possibility of doing better.
I do think so. Of course, I could diversify more into commodities, overseas equity markets, bonds etc. but that seems like taking on higher risk...
There is a tendency (though not seen every time) for prices falling from a high in an uptrend to fall even faster than they went up. This can mean...
One advantage of your approach is that in a year or two if you ever need to review the trades you've done, it will be very clear why you took them...
Your impression is correct, but necessarily so when trend-following. There is no real diversification available if trend-following in forex or...
To my surprise, Master Po, I half agree. My trend assessment criteria are rigid but my entry signals are really vague. I'm basically going to use...
Everything based purely on charts. I only use MA's on the charts, no off-chart indicators.
Its a risky strategy, as its possible for both break-out trades, long and short, to be triggered in volatile conditions and for both to be stopped...
Buy and hold is good for income only. As a trading strategy, it comes with no risk management except let time work it out. Potentially, this means...
A large loss might be balanced by multiple smaller wins. But the fact that it occurs and recurs does suggest that large losses are unplanned...
If its in an uptrend, this is a good plan for trend-following, though you also need exit criteria for when the trend reverses. But "buy-and-hold"...
I hear much about positioning entries, stops and TP orders according to S/R levels, and this is from traders I really respect. But I find I can...
You cannot possibly have known sufficient women to be qualified to generalise.
Well at least the spelling is correct and all your punctuation, spacing etc. very accurate. That's about all the good things I can say about this....
Thanks chaps, thoughtful stuff, and perhaps there can be no definitive right answer, just a matter of finding the least bad compromise. It of...
I don't use these markers but I agree - each trade should be treated on its own internal merits. And I do use a type of trailing stop as well as a...
Are you bragging or complaining?
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