Todays trades as per the system:
Total profit of around 55 points
Today Ankit proved a very important point. I'm quoting his post:
Total profit of around 55 points
Today Ankit proved a very important point. I'm quoting his post:
Long streak will be an understatement Pride....In my observance of 5 days of trading this method, this was the first loss after 14 consecutive winner trades. The winners have been of magnitude +15 to +70, with quite a few above 20-25 levels. This loss was just so minor.
Rather, I am happy that this system generated a loosing trade. I am now much more comfortable with it
This was the only reason that I took the 3rd trade too, even though you mentioned against it. I was ready to loose the entire profit of the day on that trade, just because of the amazing winning streak and practically very small SLes.
I guess we should take all trades that a system generates and shouldnt try to be subjective about it. IMHO, we never know which trade will turn into a winner and which not. We just need to play with probability.
And when, the probability of winning trades is so high, I didnt wanna miss on any trade.
Thanks again Pride for sharing this system with us.
Happy Trading
Rather, I am happy that this system generated a loosing trade. I am now much more comfortable with it
This was the only reason that I took the 3rd trade too, even though you mentioned against it. I was ready to loose the entire profit of the day on that trade, just because of the amazing winning streak and practically very small SLes.
I guess we should take all trades that a system generates and shouldnt try to be subjective about it. IMHO, we never know which trade will turn into a winner and which not. We just need to play with probability.
And when, the probability of winning trades is so high, I didnt wanna miss on any trade.
Thanks again Pride for sharing this system with us.
Happy Trading