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Oh, ok. Guess I was being a bit obtuse... :rolleyes: |
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LOL
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But here's where I question your argument:
Say I have a setup that is valid, but I don't take it - that is, I don't enter the market. What's wrong with that?
I should think the issue would be taking the setup to enter the market, but not exiting the market as per the plan. That's what your first scenario with the blackjack entails - no? |
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What's wrong with taking a valid signal? In my opinion, EVERYTHING. If you have a valid setup, why would you say No Thanks? That's exactly my point - if you pass this time and it's a winner, you lose. If you take it next time and it stops out, you lose. Now, you should have at least broken even on those two trades, yet you are down money.
The exiting is no different - if you say "I am going to exit on WRB's at the close", then you need to exit at WRB's on the close, not sometimes on the close and sometimes while they form. That's a losing game.