bbmac
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Re: The final Holy Grail!
I absolutely agree, to say nothing of how useful anyway is a strategy that uses no stops, so therefore cannot measure R:R on trade entry other than using the actual drawdown experienced in the trade such as the 2 examples this morning before (if) they move into profit...but say they don't....when does one close the losing position (s?) As for averaging in a losing trade, well let's not go there...
n_t,
Your point would be valid if the OP offered insight into what he's doing. However, he doesn't. Just posting opening and closing positions is pretty meaningless. Under these circumstances, members would be wise to question the motives of the journalist and to listen to TWI and others who doubt him.
If a month goes by and, for the sake or argument, medbs claims to be successful with a 100% winning record, what do you think the likely outcome of this will be? Obviously, his e-mail and PM inboxes will be stuffed full of people wanting help with their trading. If this isn't the objective of the exercise, then medbs needs to clarify what the purpose of the thread is. One way to do that is to provide full and clear answers to the questions put to him.
Anyone who isn't clear about how the Journals forum should be used, please read this: Essentials Of 'Trading Journals'. Based on the evidence so far, medbs isn't making much attempt to follow the guidelines outlined.
Tim.
I absolutely agree, to say nothing of how useful anyway is a strategy that uses no stops, so therefore cannot measure R:R on trade entry other than using the actual drawdown experienced in the trade such as the 2 examples this morning before (if) they move into profit...but say they don't....when does one close the losing position (s?) As for averaging in a losing trade, well let's not go there...