Jesse Livermore and Rockefeller
Originally quoted by bali_survivor/maria on Elite Trader:
quote:
Jesse Livermore mentioned that the first 1/8 and last 1/8 of a trend are the most expensive. Rockefeller was quoted as getting in too late and getting out too early yet making heaps....
I have seen measurement statistics for trend trading that calculate how much of the trend you manage to capture. For example: If the start of the trend is at 1000 and the end of the trend is at 1100 and you managed to get 50 points then you got 50% of the trend. Some people say that you must get 30% of the trend and others say that you must get 80%.
I do not know if there is a right answer.
I do not know if there is a right answer.
Difficult question/answer. If you use absolute points as targets and scale out then this is a moot point. Sometimes you'll get close to 100% of the move and at other times you'll get 10% of the move but you'll still be trading a relevant strategy.
I'm wondering if this is even relevant unless you are a trend trader. Personally I don't think this is very important to the success of a strategy or trader. But that's just my opinion.
I'm wondering if this is even relevant unless you are a trend trader. Personally I don't think this is very important to the success of a strategy or trader. But that's just my opinion.
Emini Day Trading /
Daily Notes /
Forecast /
Economic Events /
Search /
Terms and Conditions /
Disclaimer /
Books /
Online Books /
Site Map /
Contact /
Privacy Policy /
Links /
About /
Day Trading Forum /
Investment Calculators /
Pivot Point Calculator /
Market Profile Generator /
Fibonacci Calculator /
Mailing List /
Advertise Here /
Articles /
Financial Terms /
Brokers /
Software /
Holidays /
Stock Split Calendar /
Mortgage Calculator /
Donate
Copyright © 2004-2023, MyPivots. All rights reserved.
Copyright © 2004-2023, MyPivots. All rights reserved.