Perhaps but with weekly setups you also have to give more room
and when they don't work out the losses are bigger. The average
trade idea in our newsletters produces trades that last two to
three weeks that's plenty of time. Most people struggle with either
not setting to stop or they set one too tight and it stops out on
noise, one guy I talked to he was doing that he was trading daily
setups like he would a 60 Minute chart getting stopped out all the
time getting frustrated his stops didn't make any sense relative to
the time frame they were way too tight. There's no one simple
answer with trading that's what makes it simple but also very
complicated and along with all the emotion that goes along with
everything. My point here is the daily setups are just fine for
most people.
Also you guys keep forgetting there's the weekly kiss systems
which can hold trades for a half a year to a couple years, the info
is here the trade ideas are here the tools are here you just have
to sit down and make a plan. Also at first until you get in a
rhythm and figure out what is working for you trade really small
size so that you are not emotional and you can give the needed
wiggle room with the logical stops. Guys that put way too much
percentage into one trade, even though a logical stop might go just
below the 20-day moving average or nine EMA or a trend line,
because of the large position size that might be a lot of money and
too much for them to handle mentally so reduce that position size
so that you can adhere to those stops and put them had a logical
price that makes sense for the chart and time frame at hand
Posted by foody518 on 31st of May 2024 at 07:25 pm
I do tend to struggle with most of the trade ideas in terms of
going into the trigger entry and seeing where the 2:1 R/R is likely
to play out, without it being nearly a scalp type entry and
exit.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Perhaps but with weekly setups
That April dip will look like a generational buy .... ...
Posted by matt on 31st of May 2024 at 07:08 pm
Perhaps but with weekly setups you also have to give more room and when they don't work out the losses are bigger. The average trade idea in our newsletters produces trades that last two to three weeks that's plenty of time. Most people struggle with either not setting to stop or they set one too tight and it stops out on noise, one guy I talked to he was doing that he was trading daily setups like he would a 60 Minute chart getting stopped out all the time getting frustrated his stops didn't make any sense relative to the time frame they were way too tight. There's no one simple answer with trading that's what makes it simple but also very complicated and along with all the emotion that goes along with everything. My point here is the daily setups are just fine for most people.
Also you guys keep forgetting there's the weekly kiss systems which can hold trades for a half a year to a couple years, the info is here the trade ideas are here the tools are here you just have to sit down and make a plan. Also at first until you get in a rhythm and figure out what is working for you trade really small size so that you are not emotional and you can give the needed wiggle room with the logical stops. Guys that put way too much percentage into one trade, even though a logical stop might go just below the 20-day moving average or nine EMA or a trend line, because of the large position size that might be a lot of money and too much for them to handle mentally so reduce that position size so that you can adhere to those stops and put them had a logical price that makes sense for the chart and time frame at hand
I do tend to struggle
Posted by foody518 on 31st of May 2024 at 07:25 pm
I do tend to struggle with most of the trade ideas in terms of going into the trigger entry and seeing where the 2:1 R/R is likely to play out, without it being nearly a scalp type entry and exit.