anti-martingale by Lauriston Livermore

[zaphimo12]

As I win fewer than 3 out of 10 trades,I need to have a larger place when I win than when I lose or I am never going to make any money

the

Lets us suppose,for example,that I am buying some stock.
Ill buy two million shares at 110. If the stock goes up to 111 after I buy it I am,at temporaily,right within my operation,because it's a stage higher
it showsme a profit. Well,because I am right I go in and buy the following two million share.If the market is still climbing I buy a third lot of two million discuss.

[zaphimo12]

https://www.nigeriaforextrading.com/attachments/151944723819860368.png

2717

[Jcml7608]

You should look up turtle traders

[zaphimo12]

I have had the patience to wait for the market to arrive at what I call a Pivotal Point before I began to exchange,I have always made money within my surgeries.

That is from The Livermore Formula for Combining Time Element and Price

As we know Jesse L Livermore was among the greatest traders of all time,patience and critical point,so wait for your entrance and hold

[cmislinaoyp]

The way I do it is my stoploss is calculated by me then I place orders in a way that won't magnify the losses but stick to what I am prepared to loose at the first place. Let's say my stop is 60 pips(2% risk) what we will then do is split orders and give each 20pips subsequently give them different take profits to cover my RR ratio eg if I want a 1.5:1 I will give 1 order TP30, another TP30 and yet another TP30 --m opened for studying what is your view?

[Anpknio2526]

the way I do it is I calculate my stoploss after that I place orders in a way that will not magnify the losses but adhere to what I am willing to loose in the first location. Let's say my stop will be 60 pips(2 percent risk) what I will then do is split orders and give each 20pips subsequently give them distinct take profits to pay my RR ratio eg if I need a 1.5:1 I'll give 1 order TP30, another TP30 and yet another TP30 --m opened for studying what is your view? That's cool, but... kinda like 3 decades overdue...

[oxoxguss]

The situation can change completely in an instant, do Not think that because you are in profit your position will continue in that direction, I would never keep Raising size unless it Had Been to average in an initial position, you will get absolutely railed doing that

[Anpknio2526]

Incidentally [as this thread was resurrected], talking about Mr. Livermore I'd never call him a trader in the first place, let alone the best. This is why:

1) Every time after making money he was losing it and losing extremely fast. Actually got bankrupt several occasions. Being in debt for like $1m and that is a thousand a century ago!
2) That is because he was breaking his own rules, believing in gut feeling and other voodoo magic that's nothing more than gambling. Perhaps he was a moderate - dunno... not a trader.

Eventually, he committed a suicide! I would rather give my money to some bank immediately than follow such an example...

[Pmibommac]

With scaling in I decided to boost my MM trading real account.
Would like to add that volatile pairs have enormous backward trend so that you may scale in 2-3 times on state 1H chart. No?