David, concerning the dynamic daytrader's style, I thank you for the explanation, but still maintain my skepticism. I understand the aspect of using a range, 2% equity, prior support, etc. And I use this myself quite often, but when I do I am looking for more than 1/4 to 1/2. I'm looking for a move at least as great as my stop.
I can't predict the market, maybe your traders can. I just want to be right 50% of the time, and with good money management, plan for taking profits larger than losses on a per trade basis.
I also know what you mean about other trading sites (I'm just an individual - no site, no recommendations). There are those that use impossible to get numbers for their performance indication, but there are also those that use real numbers and they are accurate and profitable. Look around and you'll see. And I know they set wide stops, but they are also looking for big gains and it works for them.
In the end, each trader must use a style that works for them.
I will continue to peruse your logs and see how your trader does. |
