Greetings,
Do you drive a car? If so, I imagine that whenever you do get in your car to drive somewhere you have a predefined destination. I was wondering if everytime you drive, you calculate the risk of having an accident on that route for that particular journey based on historical data and performance. If so, does that influence your decision to wear a seat belt?
If the journey takes 1 hr do you leave 30 minutes early, drive in the opposite direction for 15 minutes before doing a U-turn and driving in the right direction or do you leave on time and head in the correct direction right from the start?
Greetings,
Analogy is a bit off.I do drive,and if Im heading 100 miles ,I make sure I have enough fuel to make it,or the ability to refuel.If you are happy with random risk / reward enjoy.When you enter a trade ,direction is all you look for? I do know why you feel this way,the best response I can offer is this: Go to a random direction and time generator,Random.org works well. Pick 10 coin flips per day,and 10 random times during trading hours.Using the NQ,with a risk of 3 points and reward of 40 ,plot it any day you have chart data,and see if the results are positive. Only a 10% win rate produces .43 math,envy of any trader.65 gross pts per week,per contract.
cordially Ponce