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Breakeven Stops: At Entry or 1-2 Tic Profit?

  #14 (permalink)

south africa
Posts: 170 since Dec 2018

MWG86 View Post
Please correct me if I've taken your quote out of context, and this may be getting off topic, but for a discretionary trader with a non-benchmark-correlated absolute return strategy (which is what I see most short-term intra-day traders here attempting) isn't this the whole point?

haha yea getting way off topic but it is interesting.

I think many people believe that but I am just not sure it is correct. The distribution of trades for entry on ES at 10:06am 3 seconds and 125 milliseconds on 5/13/19 is the same for both of us.

I think it is like trying to argue that the deck of cards is not the generating process in a poker game. Of course the player has strategic options given the deck run out but I do think there is much language used here that is slightly magical thinking. "I didn't stick to the trading plan and so the flush draw didn't hit so I lost."

snax mentioning cargo cult is perfect. I never really think to use that phrase but it is perfect.

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