Hmmm:
Rocket Science had looked interesting until the last month or so - maintaining a 98% win percentage or so. But when the big one hits, just "hang on and hope."
The Jan 17 trade had one average down, but then got dinged bad. A $48,000 drawdown was held until a $4750 profit. The problem with this is, when the big one hits. This is what washed out a number of goodlooking systems last May, when the bottom fell out of the market. Money management is definitely something that
This is a classic case of why the APD indicator exists. Averaging down and holding trades until they turn around push this value down. And it is easy for newer traders to understand.
Are you suggesting that trading 50 ESH7 mini’s on a $100K account is somehow not prudent (hint: take a look at the new RS systems). How’d you like to have the market turn while you’re holding them babies!
hmm - the pink pig had 7500 eminis on at least one trade. And just lost $8 million in a couple weeks.
Yea, but he was able to liquidate his AOL stock and cover it.
seems par for the course.
By the way, was watching Civil War PBS show today. A “Lew Payne” was one of John Wilkes Booth accomplices re: assassinations. he bumped off Sec’y of State Stanton, I believe
You look good for your age…
LOL. Most people say I look 36 instead of 46. And I shot him in self-defense.
Well, at least you weren’t the attending physician to Booth (thus as I remember, the origin of “My name is mud”)
