Sunday, January 3, 2021

How lost a hunny

 Worst losses.

Playing reversals. Think about it. The ratio of trend candles is going to outnumber the reverse by massive amounts.

Never try and play reversals. Only trend trades. 

Even DCA into a reversal gets annihilation. Lost on every single 10k breakout from 10 to 30 playing this garbage. 

RM and SL with the trend break makes massive. Never reversal again.

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DCA into position. Forget it. Its opening you up into potential big loss. Can only see this working for hash ribbons play. Even then, better to get an entry based on vol,mom,trend.

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Revenge. Doubling down. Angry at losses.

Just let the profitable system do the work.

Ignore draw down

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Patience. Looking for trades when slow. Just let the system go. Its proven over time.

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Subjective. Terrible. Don't play news. Don't listen to tubers. Everything now needs to be repetition. Confirmation. Sticking to the proven system.

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Stop loss. Never ever play without stoploss. No matter what. Playing with no stoploss opens to liquidate.

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Mm . Never allow more than 1 to 2 percent.

Ever. Long game over time. Chasing the green rabbit is over.

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Putting in the backtest essential. Paper trade.

Get the best system going. Optimise.











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