Disliked{quote} There is a guy on twitter, he seems to be trading EURUSD only (or 95% of the time). He is ALWAYS short euro, never took a single long positions the past months. His entries are bad, he adds on the way up, gets drawdown. But the thing is that he has such a nice money managment, he knows when to cut (a part of this position) then add back higher. At the end he always end up in profits. I find his way of trading very bad, but at the end he is profitable. So as you can see any entry can be or bad, depending on the way you manage itIgnored
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The problem with that useless strategy is that it is a guaranteed failure. Adding for example sell position while the market is going up is not a money management. It is a gamble. If you are adding sell while market is going up, what makes trader think that the market will come back down and pass the price where they sold already? Also who knows when the price will come back down to the price where you sold, and when is the question? By that time, you would have your account into draw down and margin call and all the money would be loss. Not a good strategy. It is a guaranteed failure. Either way watch the video I put and you will get what I am saying.
Watch the video how he is adding sell positions on a 5min TF but you can tell that earlier pattern showed a buy signal. He could've of add so many buy positions and make a lot of money. Like I said the strategy is a guaranteed failure.
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