Going with the Intraday Mini-Flow!!

[rishig38]

got in long with only half position.....too many bad trades...

MJ-

should have doubled up instead...and should have even out by now...

 

[Prabhjeet]

We have had these kind of days before also but most of the times 3rd trade ends up the best one which washes away most of our losses

Cheers

 

[Prabhjeet]

should have doubled up instead...and should have even out by now...

If not doubled should have atleast kept the same amount, adding at hod would be a good idea MJ

 

[musicjunkie]

added @ 3191...only 50% though...

MJ-

 

[musicjunkie]

Thanks rishig and Prabhjeet.....just that if our SL would be hit again my MM would have gone beserk.
Maybe some of you can talk on position sizing on days like this....maybe witha capital of around 5L or 10L as an example.

MJ-

 

[ramash]

yes i second MJ sir

ramash

 

[rishig38]

I am covering my positions now...dont like this day...huge losses in 60min flow method as well...at least this trade made me even out on the intraday....

 

[kapil123]

If not doubled should have atleast kept the same amount, adding at hod would be a good idea MJ

I agree with you.
Going with double qty is not a part of method, as we cannot anticipate the right hand side of the chart. But one should not miss on the adds, as adds come at a point which reconfirms that the move is in our favour.

 

[Saint]

I am covering my positions now...dont like this day...huge losses in 60min flow method as well...at least this trade made me even out on the intraday....

Taking stops and huge losses??

Need a re-look at position sizing plan again.You need to be able to take multiple stops on a trot humming a tune with a sip of coffee.

Saint

 

[Prabhjeet]

Thanks rishig and Prabhjeet.....just that if our SL would be hit again my MM would have gone beserk.
Maybe some of you can talk on position sizing on days like this....maybe witha capital of around 5L or 10L as an example.

MJ-

MJ I myself never risk more than o.75% on any intraday trade and 1.5% for 60 min. trades. In my experience after 3-4 whipsaws when a trader almost gives up there is a sudden big move and if we are not there we miss everything. Hope this helps you in both intraday and 60 min. trades.

For intraday trades though I never take more than 3 straight loosing trades but in 60 min. method I keep on taking trades even if I have many loosing trades because these whipsaws tell me that a big move is coming, I am now 1 trade less far from that BIG trade