MightyOne wrote:I want to laugh but it is just too sad...
when I see traders saying, 'look at this guy who stacked, increasing his account by 20-40% in just weeks only to get stopped out!'
It works like this:
say that you are trading 2 lots over 30 pips, stack to 12 lots, & liquidate 10 pips from your position getting stopped.
you might think 'what a fool, he started with 30 pips of space and now he has 10 pips!' but in reality he made 2:1 getting stopped out with a small profit!
His downside is the same as yours, his worst trade is your best trade, and his best trade is your wet dream.
A dark mind can only see dark things, it focuses only on profit so it will only see loss.
An illuminated mind sees the pitfalls, it focuses only on loss so it will only see gains.
The ZL is not just a line, it is a mindset.
Interesting and worth some thought. However, personally I am not focusing on profit, I'm very much focusing on loss.
If one uses the 'hasn't closed over a line so do not close out' concept then one cannot close on the basis of price coming within x pips of an average and I would imagine given range of some outlier bars sometimes being MANY times average range that the average would have to be a country mile away to cope.
I mean what you're basically doing is grid trading isn't it?