Thanks Matt. That was an important point you made yesterday
regarding the systems trades and how they leverage with their
entries.
1st entry 1x exposure, 2nd entry leveraged to 2x, and 3x for a
3rd entry, etc. Hugely important for best odds of success in the
strategy.
I've done it with equal entries in the past without leverage and
it can leave a trade sometimes borderline when nearing the 5 day
moving average if conditions exit there. Just takes a little
practice to get all the pieces together.
When learning a strategy, I find it best to just specialize in
it and not look at anything else. I learn better that way. That's
just me. I'm like that with art, give me 70 colored pencils and I
just pick 5 from the box, and only they exist for me. I can add
later after I use 5.
Speaking of art, here's my most recent, Owl..very
relaxing
Owls are cool, try a woodpecker too. Thanks for
sharing what should be obvious on the double down, triple down into
increasingly more uncomfortable trades.
Thanks Matt. That was an
SPY and ES systems trade notification: SPY QE BTS closed out, Hi Mid Lo continues to hold
Posted by fundamentalvalues on 2nd of Nov 2022 at 11:05 am
Thanks Matt. That was an important point you made yesterday regarding the systems trades and how they leverage with their entries.
1st entry 1x exposure, 2nd entry leveraged to 2x, and 3x for a 3rd entry, etc. Hugely important for best odds of success in the strategy.
I've done it with equal entries in the past without leverage and it can leave a trade sometimes borderline when nearing the 5 day moving average if conditions exit there. Just takes a little practice to get all the pieces together.
When learning a strategy, I find it best to just specialize in it and not look at anything else. I learn better that way. That's just me. I'm like that with art, give me 70 colored pencils and I just pick 5 from the box, and only they exist for me. I can add later after I use 5.
Speaking of art, here's my most recent, Owl..very relaxing
Owls are cool, try a
Posted by steveo on 2nd of Nov 2022 at 11:39 am
Owls are cool, try a woodpecker too. Thanks for sharing what should be obvious on the double down, triple down into increasingly more uncomfortable trades.
Sure Stevo, will have to
Posted by fundamentalvalues on 2nd of Nov 2022 at 11:49 am
Sure Stevo, will have to look for one. Always glad to share too and hear what others are up to..
I have maybe a dozen friends and family named Steve now haha. My Pap, Dad, two brothers, all Steve. A few here. Good guys!