|
Quote: |
|
 |
|
|
Feel free to share wow - we've had plenty of threads around here on exit strategies. |
|
|
|
|
I traded only one emini sp at a time and just started two contracts per side last month.
What I learned from the gentleman was his peculiar trading concept treated every entry as part of casino betting. That is:
Any entry is a bet and should accompany with stop. Period.
Any opened position must set a target with at least 3X reward versus risk exposure.
The bracket is fixed, right or wrong. Changes allow only when the position is in your favor. He calls it trail stop. A trail stop activated only if entry price move into 1/3 of objective targeted price.
I am still try to understand when he said 'extension in exceptional range' when market volatility increases.
I suspicious he's a Market Profiler because he talk a lot of value Long or value Short. Something I don't understand and sounds foreign to me.
With his way of trading, turned me around the last 5 months from consistent losing months after months for almost 17 months. Not perfect, but no complaints.
He has a free blog at myspace.com/no_nom