Hi Everybody,
The 3min ES yesterday was a perfect example of how MTPredictor is designed to keep your losses small and yet allow you to have Big Profits. Here there were two automatic trade setup, the first was a loss, but (and this is the important part), the loss was kept small as just -1R, or 1 risk unit.
Then the TS 4 sell (which nailed the high of the day for you !) then had you short as the ES declined for the rest of the day. The result was a nice +5R Profit (ignoring slippage and commission) at the end of the day.
But do you all see the important point here, in that the profit was much much larger than the loss. BIG Profits and small losses, this is the key to successful trading..........
BTW, please see the Advanced Blog for a lovely "Gap Open" play on the NQ yesterday
The 3min ES yesterday was a perfect example of how MTPredictor is designed to keep your losses small and yet allow you to have Big Profits. Here there were two automatic trade setup, the first was a loss, but (and this is the important part), the loss was kept small as just -1R, or 1 risk unit.
Then the TS 4 sell (which nailed the high of the day for you !) then had you short as the ES declined for the rest of the day. The result was a nice +5R Profit (ignoring slippage and commission) at the end of the day.
But do you all see the important point here, in that the profit was much much larger than the loss. BIG Profits and small losses, this is the key to successful trading..........
BTW, please see the Advanced Blog for a lovely "Gap Open" play on the NQ yesterday
Thanks, Steve
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