Your example is flawed. Price has less chance of reaching the full target. So scaling out may result in a lower % gain per trade. However it will...
I think you miss the point about scaling into winning positions. It can provide better risk adjusted returns. Conviction has nothing to do with this.
Instead you buy 2 contracts/shares at $100. It drops to $90. Congrats. You‘ve now lost $20 instead of $10 by scaling in as per your example of why...
My mistake too. I should have been clearer that I meant scaling into winning positions. Adding to losing positions is a pretty rookie error...
So you analyzed their trading edges over all of their trades and verified that their edges were solid and would have made them money had they not...
Scaling in is superior behaviour? I now think so. In markets where stop losses are frequently hunted, scaling in allows a wider stop for that...
Staying in trades that are winners is a moot point. Risk management throughout the trade is paramount as per the next point. This is the key...
I think the Chinese and Russians will soon stop accepting USD. Then it will be over
Bitcoin has given an average of 200% pa Besides that I can’t think of much else. Of course it has risks attached. But then what doesn’t?
I trade. Trading feels great. Say a realistic 20-30% a year on a decent bank roll. Enjoy life (when not glued to screens). But is it all an...
I still don't think you understand the other side of the equation. Yes I'm talking about risking 0.2% of total equity. But you are claiming that...
Thanks. I'll look into MAE a little more. I've been adding positions as a trend develops but don't have enough data to get meaningful information...
Look. I appreciate you taking the time to reply. I really do. BUT You appear to be saying that the total equity in an account determines the...
But I mentioned "ignoring commissions" on my original post on this matter.:confused: Can you point me to anything (book or online article) that...
Maybe you're the lost soul confused by percentages? I discussed the % risk model of position sizing. If the % risked per trade didn't matter...
Me confused by percentages? Or was that directed at the other poster?
i don't see how account size makes a difference as we're talking percentages
Anybody here risk micro amounts eg 0.2% per trade on position trades as opposed to the often mentioned 1 to 2%? Let's say your setups were very...
My trading took a huge nose dive when I began to use Bookmap. As soon as I stopped using it I became profitable again
There is criticism here of this indicator saying it 'doesn't work'. Such criticism misses the point of what trend trading is. ie identifying a...
Separate names with a comma.