1:3 is old school, 1:15 is new school.
The mania associated with high accuracy is something I do not understand. I have realized after several years of trading that markets are more random than Elliot Wave, Gann Charts and all forecasting analytics will have you believe. So, I looked the other way and worked to improve the RR of my trade. Accuracy as bad as 20% keeps you in the realms of profitability, which is a huge psychological relief.
I do not post real-time signals because it is high-speed action and this is a purely educational blog to help my followers stay away from the myths of speculation.
Apart from the obvious rewards that this system comes with, here are some reasons Why this is my HOLY GRAIL:
1. Consistent algorithmic signals with no gray area.
2. Buying low is easy on the psyche.
3. No need to track overall markets or fundamentals.
4. No need for complex technical tools or indicators.
For more information or education feel free to comment below.
Some tips for my fellow followers to scan for similar markets:
Look for excessive weakness.
Look for rangebound markets or extended down-trending markets.
Stay away from penny stocks or stocks with extremely large market caps.
I do not post real-time signals because it is high-speed action and this is a purely educational blog to help my followers stay away from the myths of speculation.
Apart from the obvious rewards that this system comes with, here are some reasons Why this is my HOLY GRAIL:
1. Consistent algorithmic signals with no gray area.
2. Buying low is easy on the psyche.
3. No need to track overall markets or fundamentals.
4. No need for complex technical tools or indicators.
For more information or education feel free to comment below.
Some tips for my fellow followers to scan for similar markets:
Look for excessive weakness.
Look for rangebound markets or extended down-trending markets.
Stay away from penny stocks or stocks with extremely large market caps.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.