SCTY Trade on Dec 16, 2015 14:27 from chrisconnelly3: Tradervue User Stock Trades.

hey thanks man, honestly i got super lucky on the fill.. i was looking for parabolic buying intraday there.. i was trading it off of the consolidation break off the 5min looking for one last exhaustive parabolic push thru nhods at 54 at the time. i saw that it had a prev big 1.50$ candle right at 2pm so looking for a move of that size thru nhods 54 to enter.. just hit a really luckily timed limit order, i was fully planning on it running thru my entry i just wanted some skin in the game and got lucky it reversed right where it did.. i was giving it about a 1$ risk.. hope that all makes sense haha...

trading is never boring! and i actually dont trade a system- just a tool box of different setups that i draw upon as needed. in my opinion there is no cut and dry magic trading 'system' that you can just blindly follow and equal millions of dollars, otherwise everyone would be doing it..!

every trade is different and must be treated as such.. you're right that i only took 1:1 r/r, but that was by design as i was not trying to play a lengthy, stair-stepping trend.. it was a quick scalp reversal off a semi-parabolic nhod break intraday. now, if it was earlier in the day and i was playing a certain short bias on the daily, i would have been much more patient with the trade and traded around a core position sizing up on pops and profit taking on dips for your greater than 1:1 r/r.. but since the short setup was not there on the daily was the reason for the quick counter-trend scalp.

with regards to my strategy being sustainable- yes, obviously we want trades with high r:r, but you cant dictate what the market gives you every day, you have to trade what your given, especially on range-bound spy days.. batting over .500 with 1:1 trades still is profitable since your losses are never greater than 1x your risk.. thus guaranteeing you to remain consistently profitable.. now if you were batting under .500 thats a different story and yes then you should be more selective in your trades to seek out higher r/r.

obviously there's no way to score a 1:5 r/r home run trade with that setup i took, but the quick small gains add up just as quickly and this strategy has kept me profitable month over month for some time now.. please feel free to reach out if i can help you understand this setup more or if i can help you with your trading!