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Old 11-07-2008, 11:14 PM
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Mr.Marketz Mr.Marketz is offline
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Well that's good news, Kenny. Since you're already conscious of this, it will only be a matter of time before you tend to it in a manner you see fit.
How do you fancy scaling out, say 1/2 position @xxx, another 1/4 position @xxx, and let the last 1/4 TS its way to glory!!!

As far as the time projection technique... I dropped it a while back. Don't forget, I lean toward the markets are (more) random than they are rational side. I haven't been overly concerned with timing entries for quite some time now. My approach accommodates my market beliefs, and my psychology. My approach is dynamic. The static stuff never worked for me. I know what you mean about the difficulties of sitting on your hands while a move develops. It's simply not in me, never was, and never will be... I'm just not built to do that. Are you sure you're built to trade this way? If it hurts, it's probably not the right thing to be doing. Or maybe the stress of waiting for a big move to develop is strictly attributed to over leveraging, and not impatience?

For shits and giggles I would try to do a few days next week where you're using, say, 1/2 of your usual volume per trade. Even though the profits will come in 2 times slower, the feeling of clarity and control over the market will be 2 times greater. Lowering size leads to emotion free trading. You don't feel like your stepping into a casino every time you place a trade, and things get boring really fast because the profits are so insignificant. Oddly enough, after some time passes you realize 2 important features..

1. Your account is still intact
2. You've turned an impressive profit

Anyway, keep at it. I'm around.

MM
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