You don't know because you don't ask.
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
In a buy trend, one can buy higher or lower, it does not really make much of a difference. Same is valid for the sell trend.
However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea.
My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
:
vs the highest profits possible in a trend trading
:
Me is wrong, most of the times, but the money management applied, somehow turns the odds into my favour.
Can only congratulate all traders that are mostly right.
Good for all of you! Keep it up like that!
However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea.
My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
: vs the highest profits possible in a trend trading
: Me is wrong, most of the times, but the money management applied, somehow turns the odds into my favour.
Can only congratulate all traders that are mostly right.
Good for all of you! Keep it up like that! Maadik Hugiis. IQ 69.
In a buy trend, one can buy higher or lower, it does not really make much of a difference. Same is valid for the sell trend. However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea. My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
The problem is when i tried to switch side (cause the long term trend maybe changing to new direction)like You said , i wrong most of the time , but by keep adding small lot , my equity curve is similar to your curve .
My question is, when are we going to stop adding small lot /averaging it ? When it is time to restart it ,i still looking for it .....
Thanks before mz
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} Mz , Few months back, you told me to try to trade in one direction only,what i found is , the only way i could make the drawdown managable is by hedging it, and then keep adding small lot /averaging it when the signal is going to my favor .
and keep in mind, you did not get it like some ready-to-go-to-make-you-rich kind of thing!
it is your own achievement and a small victory (for now)... it will take you a lot of time, but this is the right direction without any doubts i can say it!
My question is, when are we going to stop adding small lot /averaging it ? When it is time to restart it ,i still looking for it ...
here is a small drop in the ocean of where i do my exits.
these lists are doing something like this (draw-down vs PnL is 1:30). anything 1:10 or higher is pure gold.
some small twist of the base LIVE settings mi is already trading (less successful from this new stuffs), delivers unimaginable improvements and it is impossible to come to those improvements by thinking it over. it takes experiments. very high number of experiments.
mi is running in control points, as i have complete setups on the annual trend and every tick just wastes my time...
as an idea where to start is to measure some average annual trend? and then just narrow the goals down. slightly. step by step. based solely on experiments.
p.s. just remember. if you achieve it. on your own. it will stay with you forever. and it was you. only you. who made it.
Maadik Hugiis. IQ 69.
{quote} really happy i could be useful to you!
1:10 and up, ok, thanks a lot mz
- Joined Dec 2020 | Status: Member | 35 Posts
Hi MoneyZilla,
please how do you decide the one trend direction?
How would you manage your trade? Do you average down and hedge or try to exit as soon as price goes in the wrong direction?
You use Money Management as a sort of Martingale?
please how do you decide the one trend direction?
How would you manage your trade? Do you average down and hedge or try to exit as soon as price goes in the wrong direction?
You use Money Management as a sort of Martingale?
In a buy trend, one can buy higher or lower, it does not really make much of a difference. Same is valid for the sell trend. However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea. My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
