{quote} Agreed - I start with an auto SL say -8 and then get to +1 asap. If I am wrong about the trade, I will close well before -8. Great trading and posting
And coming from a good trader like you... your comment is very much appreciated.
I have nothing to show off. No"obscure" intentions. And I'm not searching for anything more than a bit of serious discussion.
I just want to try to be of help for some willing student... as my dear teacher/mentor/sifu fti was.
My TRUE Gann (the real one, the real Mr W.D.Gann: the greater Technical Swing Trader of them all) used a SUPER TIGHT STOP.
And he was the MASTER of SUPER CONTROLLED Pyramiding Technique !!!
Meditate on this... and on that assassin spike we faced yesterday... inside that continuous, exasperating, methodical stop hunting we saw on the chart!
Question is Retailers' ignorance mixed with their frustration and arrogance!
Take this one put it in a dangerous and always changing enviroment.... and you have the perfect recipe for a disaster!
The European Commssion on Trading Regulation stated that - I'm citing by memory -
in each moment - 89% of European Traders are in constant loss
by an ammount between 1.600 e 29.000 euro each.
Now we have the official data on what I called "Apocalypse now, everyday!"
Well, I must argue and deduce that... roughly 90% of all the Traders are in each moment on the WRONG SIDE!
Sadly confirming my old posts on Traders Academy...
So trade well.... You control your position! Not the Market!
"Don't buck the Trend".... but retailers don't see and don't want to understand.
