Re: Daffy Trades Micro Patterns under 50c
Ah
At last someone has asked---or in your case made a statement.
While strong down trends let just about anything long
I have made a conscious decision to continue trading this portfolio.
Taking a few strategies into the trades.
Pete is taking the stance in his thread to try and avoid down trends.
In my thread I'm looking for a balance and that is very difficult to
Implement.
That balance is having a position size that can make an impact on profit
Even if only one of the trades flys.
In doing that when a trade flips straight away on purchse the portfolio
Gets hit hardest.
You'll note I attempt to cut the loss when price reverses really quickly.
See I can't tell you when a trend in an index is going to happen.
I can't even e sure when a stock is going to get up and rock and roll!
But I do know that when there is even a settling in the market it will take
Only a few rockets to really boost profit.
I want to be there when they happen.
If you have a look at those few spikes we have got they came out of no where
Sure there were reasons but if you weren't on them you'd have been too late.
I'd love to be trading this idea in a bull market --- it would be a lot more interesting
And all portfolios being demonstrated in various threads would be doing brilliantly.
I don't know about you but I think keeping in front in these difficult times is more
Interesting than floating boats in rising tides
Anyone an do that!