This is part one of a multi-part blog entry that deals with how you can use the gathering of statistics to improve your trading results.
I am a discretionary trader and I use my discretion to enter and exit my trades. However, I trade from within a structure so I can know what to expect and so I can achieve the consistency required.
My structure involves a maximum loss per trade, evaluating risk per trade and estimating the first logical scal out point of a multiple scale out strategy. The result of this is what I have trade marked as Dynamic EL Risk and Money Management (TM). Why have I trade marked it? Because I will be talking more about it and I don't want it to be distorted and regurgitated by others leaving out any of its important qualities.
Hello Boss,
ReplyDeleteOkay I give up....
I thought to myself, self, there must be a
reason Master EL has posted the same chart
3 times. If there is I can't find it.
Forever your student,
Rino
Ps Besides I do not even think it is your chart but Kiki's (Hello Kiki)
Rino, I guess it was because I was just so proud of the trades that day. Thanks. Correct chart posted now.
ReplyDelete