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I’m not selling anything or recommending anything, because I have nothing to sell or recommend. I’m just offering advice. I couldn’t explain my “system” because I have no system. I trade the edge I see.every day is different.
Limit orders. Small risk. Small gains. Adjust your trading for market conditions. No BS. No slippage. Avoid big losses.
Mind sharing your performance from when you started doing this to now? It is much more helpful to see the performance stats so we at least know the historical value of your advice.
32 for 32 winners , win rates of 80 to 90 % . using limit order on every trade 0 slippage . 4 tick stops and targets.. can out trade a market makers order flow blot. 100 round turns a day .
@forgiven, it's OK to be skeptical, and to say why you are, and skepticism may be justified too (as with any claim of near-perfect results), but let's keep the language within our normal standards.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
What time-interval (or volume-interval) chart are we talking about, here, please?
It sounds a little scary, to me: like trying to catch a vibrating object whose natural vibration-range is bigger than the precision with which you can try to catch it, if you see what I mean? I think I'd be concerned about the percentage of potential takings that might be eaten up in commissions.
A surprisingly dismissive view, perhaps, from someone listing NT as his own preferred platform?
Well, when you lay it out all logical like that, it does seem a bit skeptical.
I’ve never had perfect days. I have days where I had less than $20 losses. But also I’m very conservative and tend to trade when resistance and volume and the trend all match. I also have a large balance so when a trade goes bad I just wait until it comes back. I make sure I don’t have too many contracts so I could survive 700+ point reversal. I have had a few trades that reversed 80-ish points and I was rather uncomfortable the entire trade.
most of the better traders i know , only have a win rate of about 50% . however there targets are 2 to 6 RR. its the money and trade management that make them better traders .
