A perfect trade !

Hi Everybody,

Although the US e-minis have been having a slightly tricky time over the last few days, the European Traders among you have been having a ball. Just look at this TS1 short trade from just this morning. This nailed a high just before the Dax collapsed !

As the STF was strong as the first profit target was reached, the trade management swapped to the ATRStop. This held the short trade as the Dax continued to decline, the end result was a massive +11R Profit (ignoring slippage and commission)

Absolutely amazing !!

Steve

PS, this was found using the new MTP RT add-ons for NinjaTrader 7

Position sizing – again !

Hi Everybody.

I hope you all carefully read yesterdays post, so first I have to ask – what did you all learn ?

I hope it was that it is the “size” of your Profits” that is important, and “not” the number. We had a Guy call in yesterday who simply could not understand that you don’t have to have a high number of winners to be profitable overall. So it was good that yesterday we had another good example, again on the 3min YM.

Here we had two losing short trades (-1R each), but it was then followed by a +4.6R Profit (ignoring slippage and commission) on the TS4 buy later in the day. Meaning only 33% winners (1 out of 3) BUT (and this is the important point), because the Profit was much larger than the losses, money was made overall.................

I still find it amazing (and sad at the same time) that so many amateurs simply cannot understand that being successful in this business in NOT about a high % if winners. Having a high % of winners over time is hard, but it is not necessary to be successful

Thanks, and I do really hope that people start to understand this, Steve