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CharterJoe
Rep: 4,475
Posts: 2,352
I have found that with present movements is best "for me" to enter with a smaller amount and add to it when it starts going my way. Than going all in at once. Any thoughts?
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day trading
Rep: 39,586
Posts: 6,369
This is the main principal discussed in Phantom of the Pits. In Rule Two Phantom of the Pits states PRESS YOUR WINNERS CORRECTLY WITHOUT EXCEPTION.
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roofer
Rep: 3,689
Posts: 3,574
though the floor i trade on is backed by GS,in recent day the etf's have been unavailable to short leaving me at the mercy of the inverse etf's.. not my choice... my solution has been to find beaten down issues that still mirror the indexes...there i can still trade in size, logically using a ten cent stop, and still capture the almost 20% swings...a few examples. in both cases entries on retest of line , a common medianline technique.. note... i am not a fuures trader by choice.. i know that if i traded futures i would never sleep..
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roofer
Rep: 3,689
Posts: 3,574
i should have been more exact.. i like to trade issues ican be long or short without any problem... thus the entries shown were longs the reversals at top were short AA and a reversal via etf in other...still a scramble..

