DislikedOne of the best threads on this forum! Cut losers short and let winners run...that's basically the key message. I partially disagree with the statement that entries aren't important. Well-timed entries can significantly decrease the size of your initial stop loss and of course win rate.Ignored
building Equity millipede is not about win rates ( and G`s win rate was less than 5% and i think he`s leaving the dream , giving his start up capital). I think if you focus too much on win rate , you will lose many opportunities . G`s entries were as as simple as taking trades with the direction of the last daily bar, he did that many times per day , using small time frame ( 5 min). the secret is in G`s profile:
- Biography:
- I will risk/pay $10 for the chance of minimum $100 reward anytime, anywhere as long as I know by statistically that the given 'risk-taking opportunity' has a higher probability in 'potential profit vs time' compared to most given occurrences.
if you believe that your system gives a good entry , use it and retry entering the market again and again from the same point if you get stopped out , the market does not stay in one point forever. that point may be revisited many times but if you keep your risk low , you can survive to see big wins.
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