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Hedging/averaging trades without prediction

  • #921
  • Oct 31, 2022 5:55am Oct 31, 2022 5:55am
Quoting birdland
closed all with a total profit of +33pips. in the afternoon we have a family birthday, so will be stop traing for today;-) {image}
You got it sussed ......
  • #922
  • Oct 31, 2022 6:56am Oct 31, 2022 6:56am
Quoting Waveskierrob
{quote} You got it sussed ......
yes finally i think i know how to use this weapon;-)...a big thank you to you again for showing me/us this!
trading is like dancing, don't think and just listen to the music!
  • #923
  • Oct 31, 2022 7:21am Oct 31, 2022 7:21am
Quoting birdland
{quote} yes finally i think i know how to use this weapon;-)...a big thank you to you again for showing me/us this!
When trading live just watch for getting over confidant and greedy, I know I have, the market dictates the time when we take profit don't try and rush it .... patience, patience, patience...
  • #924
  • Oct 31, 2022 7:46am Oct 31, 2022 7:46am
Got lucky again with straddles. 3pip per leg
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1.02^200
  • #925
  • Oct 31, 2022 9:26am Oct 31, 2022 9:26am
TRADE 49 .....DJIA pending SHORT @ 32700 no sl tp+5.......... pending LONG @ 32720 no sl tp+5
  • #926
  • Oct 31, 2022 9:27am Oct 31, 2022 9:27am
Quoting Waveskierrob
TRADE 49 .....DJIA pending SHORT @ 32700 no sl tp+5.......... pending LONG @ 32720 no sl tp+5
pending LONG cancelled ...pending SHORT triggered and tp hit +5
  • #927
  • Oct 31, 2022 9:28am Oct 31, 2022 9:28am
TRADE 49 total +5.....running total +579
  • #928
  • Oct 31, 2022 9:49am Oct 31, 2022 9:49am
Great job milking the market!
How to succeed in zero sum game?
  • #929
  • Oct 31, 2022 10:15am Oct 31, 2022 10:15am
Quoting dempire1
Great job milking the market!
Remember you creaming the markets as well
  • #930
  • Oct 31, 2022 3:38pm Oct 31, 2022 3:38pm
Interesting approach Waveskierrob. It seems very promising. I'm going to follow along and give it a go on my demo account for a week and see how i do. Thanks for sharing.
  • #931
  • Oct 31, 2022 6:04pm Oct 31, 2022 6:04pm
For a long time I wasn't sure if there was a way to use hedging that suited me, but this thread definitely sparked something. Like the first impression I get (also from the title) is that by hedging you welcome the market's randomness with open arms and go with the flow, and it removes a portion of the psychological aspect of handling the 'being wrong' part, because you embrace the potential losses that are part of the 'trade set' and attempt to exit the whole trade sequence or batch in profit; which is all that matters in the end.

Still not entirely sure on how to correctly apply it in those moments where price just heavily leans on one direction (at least from what I've read so far), so hopefully you can show it when it happens Waveskierrob, eager to learn!

Thanks for this thread and keep it up!!
  • #932
  • Nov 1, 2022 1:57am Nov 1, 2022 1:57am
random hedge opened @ 1540, tp3
trading is like dancing, don't think and just listen to the music!
  • #933
  • Nov 1, 2022 2:01am Nov 1, 2022 2:01am
Quoting birdland
random hedge opened @ 1540, tp3
SHORT+3
trading is like dancing, don't think and just listen to the music!
  • #934
  • Nov 1, 2022 2:07am Nov 1, 2022 2:07am
Quoting birdland
random hedge opened @ 1540, tp3
LONG+3
trading is like dancing, don't think and just listen to the music!
  • #935
  • Nov 1, 2022 2:08am Nov 1, 2022 2:08am
SELL@1542, tp4
trading is like dancing, don't think and just listen to the music!
  • #936
  • Nov 1, 2022 2:09am Nov 1, 2022 2:09am
Quoting birdland
SELL@1542, tp4
+4
trading is like dancing, don't think and just listen to the music!
  • #937
  • Nov 1, 2022 2:20am Nov 1, 2022 2:20am
LONG@1528, tp4
trading is like dancing, don't think and just listen to the music!
  • #938
  • Nov 1, 2022 2:24am Nov 1, 2022 2:24am
LONG@1521, tp11
trading is like dancing, don't think and just listen to the music!
  • #939
  • Nov 1, 2022 2:28am Nov 1, 2022 2:28am
LONG@1513, no tp
trading is like dancing, don't think and just listen to the music!
  • #940
  • Nov 1, 2022 3:02am Nov 1, 2022 3:02am
Quoting birdland
LONG@1513, no tp
LONGS closed@ 1524, all for +10
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trading is like dancing, don't think and just listen to the music!
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