this is what I was talking about in the previous post. It has been several months I am testing trading without stops (or at least place them far away to protect from very low probability events only). This time it paid off.
The trick with Elliottwave trading is that you often right about the big picture but have to continuously refine the count as the lower-level details reveal themselves. Trading with stops makes you get kicked out again and again which adds to the stress of being wrong with a count and adds up to emotional and financial suffering. This, in turn, makes you increase the stakes because you feel that you nailed the near term count and with a tight stop loss you can earn a fortune quick. This rarely ends well (though sometimes I managed to pull this trick).
The trick with Elliottwave trading is that you often right about the big picture but have to continuously refine the count as the lower-level details reveal themselves. Trading with stops makes you get kicked out again and again which adds to the stress of being wrong with a count and adds up to emotional and financial suffering. This, in turn, makes you increase the stakes because you feel that you nailed the near term count and with a tight stop loss you can earn a fortune quick. This rarely ends well (though sometimes I managed to pull this trick).
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
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➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。