Having trouble letting my winners run

carryontrading

Junior member
45 7
Stops good, limits bad.

Once you can trade, trade like you actually want to make money.
I agree but I just can't do it and believe me i tried. I currently only work one setup and 2:1 works fine, I just wish we had more volatility so I could put it on more often.
 

tomorton

Legendary member
7,287 974
Well yes its hard, that's why its called the 90% club.

Look at this. You enter a strong uptrend, long, after a pull-back. However you do it, you give the set-up 60% as a potential trade. So, great, price goes up. Then it slows a bit, and goes sideways a bit and then starts to go up again. Now you find you're giving the new set-up 75%. This means, if you weren't in it already, you'd definitely be buying here. So why let a limit order take you out?
 

carryontrading

Junior member
45 7
Well yes its hard, that's why its called the 90% club.

Look at this. You enter a strong uptrend, long, after a pull-back. However you do it, you give the set-up 60% as a potential trade. So, great, price goes up. Then it slows a bit, and goes sideways a bit and then starts to go up again. Now you find you're giving the new set-up 75%. This means, if you weren't in it already, you'd definitely be buying here. So why let a limit order take you out?
I appreciate your help but my setup is not PA dependent and I don't judge it that way at all. Maybe I didnt make it clear, my system works despite my personal issues.
 

tomorton

Legendary member
7,287 974
I appreciate your help but my setup is not PA dependent and I don't judge it that way at all. Maybe I didnt make it clear, my system works despite my personal issues.

Its OK, the focus on PA is purely my imposition. But the example is applicable across other styles. Imagine Warren Buffet telling his shareholders, "We've started getting great dividends from XYZ Inc. so we're going to sell the company. But we're keeping ABC Inc. because their dividends are poor".
 

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