"You aren't wrong about getting onto winning trades, I've been having a pretty good time of it lately, incredible gains this past 3 days!
Aside from CNU, which is +8.5R, I'm also short in MRM and SKE for another +8R (NB: charts are below).
Trading has almost become an obsession now.... Aside from the scans, for the past few months, I've been looking for trade ideas wherever I can find them, and then bringing them back into 'our' world to see if they make sense. Admittedly most are rubbish but some work out. CNU came from the scans and I think MRM also. SKE the chart looked good.
After 6 months I'm finding the Volatility Factor indicator a very important 'tell' of what is happening. I would almost consider this of higher importance than overhead resistance, for example. I find a lot of comfort in the structure of the chart setup (Upper, Lower), and as long as you keep within the parameters you teach (risk, staircase, low VF, risk, risk, risk) you have every chance of winning trades."
In recent blog posts I talked about how, when one or two trades take off in this manner, there can be an explosion of profits in very short order. As his email highlights, he has accrued open profits of more than
The other point of note is that one of these positions is a long trade, the other two are shorts. In all these cases, he is trading within the context of a longer-term trend in that individual stock, which is happening regardless of whatever the general market is doing.
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