I thought it was already dead.. Duc no!! There are still a lot of fantasy storytellers..
My LJ – this is not for you to watch Rezvyakov's lectures.. “I'm entering here (randomly pokes at schedule), I have a stop loss N, profit N * 3 and I give a fuck” ))
It's so elementary, I'm ashamed to even explain why..
To those, who mentions about “trend” in * ZOBAN * will be sent and those, who will mention, what is my stop / profit ratio and what should it be))
The only thing, what matters – this:
♠ How often are the predictions(trades) turn out to be true.
♠ The trader must know his maximum drawdown in any position. And its size should be like this, so that after entering the cache it would be possible AT LEAST to enter the same number of lots, without taking huge shoulders.
♠ The trader must know his maximum number of consecutive drawdowns (and maximum too). And their size should be like this, so that in the end your account does not fly into the critical zone from which it takes much longer to get out. Ну.. -35% from the account and more (after a line of moose) I consider it already critical.
(what to do after a critical point? Reduce the number of lots by that much, so that subsequent moose do not have a strong impact on the score.. and trade until then, until there is a steady pattern of positive trades)
That's all..
Trader, whose predictions(trades) turn out to be true in 51-100% cases can trade profitably with stop loss, more than take profit.. And prove me otherwise..
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But this is still infuriating: “Cut the losses and let the profits flow..“
Fuck that's all. You should never think about it while trading..
There are signals. This is the only thing that influences decision making..
After opening a position, personally, I regularly find it difficult to say, where will i go out. Because I do not know where the signal to close the pose will be generated.. Because it will only be formed after, as a people, which was planted – will drop off. Or the people who landed – planted back. And no one knows where this will happen. EVEN GLOBAL MEGA DOLL! He doesn't need to know. Where will it gain volume – there and will deploy the asset. IMPOSSIBLE TO Predict, where people fixate.. will they keep until thawed or will they come out right away, will moose be averaged and what is going on in their heads in general?. That's when, in fact, there was a surge in activity and volume jumps., open interest – that's when you need to make a decision.
So if I come in with a stop, at least fucking 4000p, then if after 1000p I see a signal to close a position (and it can form at any time, i wrote above) – i will close the position without hesitation. If I come in and sit at a loss, I see no reasons and signals, to fix them – I will continue to sit. (sit until then, until the loss reaches the MAX loss specified by you in the position, about which I wrote above. Because personally, I close at MAX loss occur disproportionately less often, than on signal)
And I put on your “cut your losses, profit let flow”.
By the way, that's why I find it difficult to name the exact target in the deal.. (I am often asked in LJ trades) I can only guess where the signal for fixation and a burst of activity will be generated, but I can only estimate the approximate potential of the deal (because of my understanding of formations and their principles). Where will (in fact) – there is a goal.
If in the phrase about losses and profits it is stupidly called upon to slaughter an elk, when it needs to be slaughtered.. and keep profit until then, how long it needs to be kept on the system, and not go out without a reason – then fucking can't see any sense in it then. For if you cannot execute your trade and trust your understanding of the situation – GO FUCK THE MARKET!))
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I don't care much about the profit / loss ratio, I'm more worried about, so that the stop is not touched at all. (c) ladno_pomeniayu
