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Hedging/averaging trades without prediction

  • #221
  • Oct 18, 2022 7:32am Oct 18, 2022 7:32am
Quoting Waveskierrob
pending LONG 30780 no sl tp+5
pending LONG open..tp hit +5
  • #222
  • Oct 18, 2022 7:33am Oct 18, 2022 7:33am
SHORT again 30828 no sl no tp
  • #223
  • Oct 18, 2022 7:34am Oct 18, 2022 7:34am
pending LONG 30840 no sl tp +5
  • #224
  • Oct 18, 2022 8:07am Oct 18, 2022 8:07am
Quoting Waveskierrob
pending LONG 30840 no sl tp +5
Pending LONG cancelled
  • #225
  • Oct 18, 2022 8:15am Oct 18, 2022 8:15am
Quoting Waveskierrob
SHORT again 30828 no sl no tp
Closed 3 x SHORTS @ 30730...-27, +30 +98 = +101
  • #226
  • Oct 18, 2022 8:15am Oct 18, 2022 8:15am
Not able to catch up
Was out meeting whole day.

Nice trades you got here.
Wish I could contribute in this thread.

BTW, during meeting ago, several company and global staffing agencies for the gas and oil industry are on red alert because they know that within the next two years they will not have enough able-bodied workers to run the rigs.
Employment requirements will soon surpass all available talent pools.

Heard about this ? or just hearsay.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #227
  • Oct 18, 2022 8:17am Oct 18, 2022 8:17am
Quoting Waveskierrob
TRADE 16.....DJIA.....SHORT no sl no tp 30703
TRADE 16 total .....3 SHORTS +101...2 X LONGS +10 = +111
  • #228
  • Oct 18, 2022 8:18am Oct 18, 2022 8:18am
Quoting Waveskierrob
{quote} TRADE 16 total .....3 SHORTS +101...2 X LONGS +10 = +111
running total +227...working a little harder today for profits ...
  • #229
  • Oct 18, 2022 8:22am Oct 18, 2022 8:22am
Good job!
How to succeed in zero sum game?
  • #230
  • Oct 18, 2022 8:24am Oct 18, 2022 8:24am
Quoting Pat Chiko
Not able to catch up Was out meeting whole day. Nice trades you got here. Wish I could contribute in this thread. BTW, during meeting ago, several company and global staffing agencies for the gas and oil industry are on red alert because they know that within the next two years they will not have enough able-bodied workers to run the rigs. Employment requirements will soon surpass all available talent pools. Heard about this ? or just hearsay.
You do more than enough on this forum for everyone

No..... been out of gas and oil now for a few years......when the price went down, and people sacked and wages dropped skills found other avenues, plus once bitten twice shy
  • #231
  • Oct 18, 2022 8:28am Oct 18, 2022 8:28am
TRADE 17....FTSE...... LONG and SHORT no sl tp +3 [email protected]
  • #232
  • Oct 18, 2022 8:29am Oct 18, 2022 8:29am
Quoting Waveskierrob
TRADE 17....FTSE...... LONG and SHORT no sl tp +3 [email protected]
LONG tp hit +3
  • #233
  • Oct 18, 2022 8:30am Oct 18, 2022 8:30am
Hi Wave,
just a quick one if i may.
you enter the trade. the winning trade is closed and then a second trade is made on the losing trade.
Then i assume you wait for a price retrace.

Many years ago i started to trade very similar to this , but i made a trade based on a trigger, ie a high/low and then made a trade if it failed.
This is were we differ.
You are doing well , congrats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #234
  • Oct 18, 2022 8:36am Oct 18, 2022 8:36am
Quoting Waveskierrob
{quote} LONG tp hit +3
pending SHORT no sl no tp ...pending LONG no sl tp +3....@7000
  • #235
  • Oct 18, 2022 8:45am Oct 18, 2022 8:45am
Quoting Waveskierrob
TRADE 17....FTSE...... LONG and SHORT no sl tp +3 [email protected]
SHORT tp hit +3
  • #236
  • Oct 18, 2022 8:46am Oct 18, 2022 8:46am
Quoting billytt
Hi Wave, just a quick one if i may. you enter the trade. the winning trade is closed and then a second trade is made on the losing trade. Then i assume you wait for a price retrace. Many years ago i started to trade very similar to this , but i made a trade based on a trigger, ie a high/low and then made a trade if it failed. This is were we differ. You are doing well , congrats.

actually, i get what you are doing.
I over thought it, duh!!!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #237
  • Oct 18, 2022 8:47am Oct 18, 2022 8:47am
Quoting Waveskierrob
TRADE 17....FTSE...... LONG and SHORT no sl tp +3 [email protected]
TRADE 17 total +6.....running total +233 hopefully people getting the idea....
  • #238
  • Oct 18, 2022 8:52am Oct 18, 2022 8:52am
Quoting billytt
Hi Wave, just a quick one if i may. you enter the trade. the winning trade is closed and then a second trade is made on the losing trade. Then i assume you wait for a price retrace. Many years ago i started to trade very similar to this , but i made a trade based on a trigger, ie a high/low and then made a trade if it failed. This is were we differ. You are doing well , congrats.
...many thanks...whatever your trigger is use it, as it's not about where the market goes, it's about what you do when it goes...
  • #239
  • Oct 18, 2022 10:12am Oct 18, 2022 10:12am
today was interesting-of course when you learn something new always;-)

i started trading around the DO (which i did also before with SL) and in one hour i had +60 pips.

but then one trade started to slide and i was 2 LONG&1 SHORT with a floating loss of -30 and +60 already closed trades.

then i had to leave trading because a meeting with a client of us want to take us to a (longer) lunch.

so i decided to "freeze" the hedge and added 1 SHORT and cancelled all TPs.

when i came back a few hours later i "fixed"-like billy would say it-the hedge and continued to bagg pips.

again no trades open overnight which i am very happy about ;-)
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trading is like dancing, don't think and just listen to the music!
  • #240
  • Oct 18, 2022 10:20am Oct 18, 2022 10:20am
Quoting birdland
today was interesting-of course when you learn something new always;-) i started trading around the DO (which i did also before with SL) and in one hour i had +60 pips. but then one trade started to slide and i was 2 LONG&1 SHORT with a floating loss of -30 and +60 already closed trades. then i had to leave trading because a meeting with a client of us want to take us to a (longer) lunch. so i decided to "freeze" the hedge and added 1 SHORT and cancelled all TPs. when i came back a few hours later i "fixed"-like billy would say it-the hedge and...
Hopefully you can see why I say keep an eye on your equity and not your Profit/Loss. You've probably notice that I treat multi SHORTS and LONGS as one trade not individually as some may be in the minus but in profit overall......I know it's hard but it's good "patience practice" to stay on DEMO
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