Recent content by greenscreen

Always get a higher timeframe chart open. About 5 multiple is fine. Have the higher timeframe with trend. Then do your trading on your lower timeframe. Even if you're doing your usual counter trend trading, big brother higher timeframe will try to look after you.

After a lot of stress for me :( I've found that I'm not suited to trading with the trend. My personality is for immediate and fast profits (even if small). It's taken me years to realize this. I'm now working on fading stretched price action with limited price objectives ie winner or losers...

But also I am thinking the equity curve is less lumpy than scaling into a single stock where one down or up day would effect all positions in a single stock. I'm a serial equity balance checker so need to find a way to not do this so this is the best I could come up with. Micro positions being...

Yes I am moving stops on earlier positions. It's just that some build a position in a single stock when it moves into profit. I'm just asking why this needs to be done when each subsequent position can be taken in a different stock. Why enter subsequent positions into a maturing trend?

Hi all. As per the title I am thinking that a good money management technique is to add positions only once previous ones have open profits behind them. eg Buy stock 1 at $100 @ 1% risk. Stop loss at $90 Buy stock 2 ONLY IF stock 1 progresses to $110 ie 1R. and so on. To me this works...