[brownsfan019]

How much were the wins?

How much were the stops on the trades?

[DugDug]

So far this week I have had 20 trades, 15 losses.
Yet I still made money.

[tradersky]

Hi Dug, When did u take the losses?

[DugDug]

I took losses when I figured I was wrong based on the assumptions I made when entering the trades.
eg; If I thought something was going to bounce from a low point, and I had a 20 point stop loss, I took a loss when it did not bounce.
If I sold something based on a continuing drive downward, I rolled my stop to the last swing high level, and got stopped out there.
It just depended on the instrument.
I may have to stop myself out of a current short US ten yr bond trade if it keeps going higher.

[tradersky]

Is that wayne's system?

[DugDug]

No its not Waynes system.
I apologise for being sarcastic previously....
If you follow my posts about a system that picks up pennies, I was making the point about having more losses than winners and still making money.
But if you are new to trading I hope you get the message that following a system that looks for lots and lots of small wins, can be profitable but can also get you into trouble quickly. There are some very good intense traders out there who make money doing these things, but I also think most of the people you will find here would advise against it.
If Waynes system is about this then good luck, but be aware of the pitfalls.

[tradersky]

brownfan019. I made $350 this week using wayne's system. But, i could have traded more.

[tradersky]

I see that u use large stop which is understandable because u needs some room for the market to reverse.