New multiyear highs y/d. Limited retrace, nothing major. Keeping long position open.

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no you're sensing wrong...we're always developing and growing....think about the point with the role models though it's an important point....

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Yes I know you're an artist and I agree having a role model is a positive thing. But as an artist the masters you copied to develop yourself, you saw their works with your own eyes, didn't you? Same with trading.

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No reason to interrupt a perfectly sound discussion between two persons which has nothing to do with you, Sir.

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Davit you can't pick a role model from an interview in a book or because his name was mentioned in a newspaper. You never saw the guy's trading results or ever verfied it but you see you results, your experience everyday...that's ALL you can trust.

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I take that's a qualified yes...but you're still reserved about it..

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No I disagree with that Pit Trader, Davit. If your trade is right the market shouldn't be anywhere near the stop loss...if it is...well...then trade's not right. btw..people being interviewed in books like this or tv documentaries for that matter, ...

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Have a good one, Billy. See you t/m.

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In that post you're talking about someone else...but do you believe a position trader needs a stop loss regardless of martingale?

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All the more reason to be a disciplined trader if that's true.

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Is your contention that position traders don't need to use stop loss ?

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Hi Davit, As long as stop loss is used, it's all good. However, martingales don't use any stop loss whatsoever as it's THE technique in and of itself, which boils down to a trader basically having no clue and trying to salvage trades gone sour. I ...

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Q . E . D .

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in fact , whole probability theory came about because of scientists/gamblers like Pascale, Descarte, Bernoullie getting to the bottom of this nonsensical technique

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Didn't direct my comments specifically at you or anyone specific. Any trade that is negative p&l and a new position in the same direction is added is MARTINGALE by definition. There is no two ways about it. Some call it Martingale others Scaling in ...

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it works as long as it works....but on a day like this it can take away all the profits and then some best use a stop and cut the loss....

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I mean when noobs try their hand at this is one thing, they're prolly smart enough to realize in time that - as you correctly say martingale - is a loser's game... But guys with years of trading experience doing this kinda nonsense.....

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If you're referring to what I just said in regards to you the answer is no, it's not..... I think you're for real... and you got character.....

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No, only guys who double down on their losers and talk sh%t.... but don't worry Billy, you're safe in here...you enjoy special Millionaire privileges,lol

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Puts? Calls? KOs? KIs? DNTs? ?

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