This is what real trading is

[N Rothschild]

that doesn't answer my question does it?

 

[N Rothschild]

you know what they say about someone who has to resort to attacking someone's grammar in order to win an argument don't you?

 

[gooseman]

bringing this thread back "on topic"-why can't everyone just accept that trading isn't simply linear. There are so many styles/reasons/people that there is no such thing as just "trading"

 

[meanreversion]

Pyramiding takes place when the market is moving in your favour, not against you. Thus if you are continually pyramiding, it means you're (notice the usage here) making money and in fact could end up winning big.

Possibly you're (there it is again) confused with averaging in, which is not what I have recommended. This is when you keep buying in a falling market .... there are very few proponents of this approach.

 

[oildaytrader]

Pyramiding takes place when the market is moving in your favour, not against you. Thus if you are continually pyramiding, it means you're (notice the usage here) making money and in fact could end up winning big.

Possibly you're (there it is again) confused with averaging in, which is not what I have recommended. This is when you keep buying in a falling market .... there are very few proponents of this approach.

Pyramiding your entire account is a good thing ,if the subsequent positions are entered after a lock in of some profits of the first entry, and subsequent entries result in an overall profit if stopped out.

 

[meanreversion]

My goodness, finally a sensible comment !!

 

[N Rothschild]

Pyramiding your entire account is a good thing ,if the subsequent positions are entered after a lock in of some profits of the first entry, and subsequent entries result in an overall profit if stopped out.

and when the market turns against you, you may well end up with a break even trade or a loss from the pyramiding when a normal position would have been profitable. this happens all the time. and if you haven't experienced it you are clearly read about pyramiding in a book and think you know what your talking about!

 

[N Rothschild]

"and subsequent entries result in an overall profit if stopped out"

this is the key part of your post which you are blatantly overlooking in order to justify your point.

 

[meanreversion]

NR, just because position sizing is not your thing, it doesn't mean other people should ignore it.

 

[N Rothschild]

not all position sizing is pyramiding...

 

[oildaytrader]

and when the market turns against you, you may well end up with a break even trade or a loss from the pyramiding when a normal position would have been profitable. this happens all the time. and if you haven't experienced it you are clearly read about pyramiding in a book and think you know what your talking about!

If you read my statement , it states closure of subsequent positions should result in an overall profit.

If you are a skilful trader , you would only use it only on selected stocks after carefully doing your homework.One would not apply pyramiding to regular set ups/trades , but those that a high profit potential.

Pyramiding can be applied by a professional to almost any instrument , its knowing when to apply it and how to apply it.

 

[N Rothschild]

ok so we have moved from "pyramiding works" to "pyramiding works on selected instruments". so by that statement you would be conceding that a lot of the time it doesn't work?

and obviously with your divine wisdom you know when it will work and when it wont of course?

 

[meanreversion]

Is this a wind up?

 

[N Rothschild]

by you and your uninformed cronies? must be..

 

[oildaytrader]

ok so we have moved from "pyramiding works" to "pyramiding works on selected instruments". so by that statement you would be conceding that a lot of the time it doesn't work?

and obviously with your divine wisdom you know when it will work and when it wont of course?

Yes, of course divine wisdom works and has has worked in the past , but most of have not got it.Its not going to work most of the time because markets are ranging 80% of the time , but if you are a real trader 99.9 % is a bit daft from a professional.It should be more 50 /50 , if applied to the right trades, despite all market conditions.

 

[N Rothschild]

ok yes 99.99% is a bit over the top and i was exaggerating but i don't believe pyramiding has any benefits. feel free to take some screen shots of your accounts where you have successfully pyramid a position into a huge profit? whats the bet neither of you have!