xtraCache

Considered by whom? Do you know him? Have you executed for him? I have great respect for his dedication and tenacity which produced his excellent S&P 500 futures trading success. Bear in mind though, that was in the 1980's. Lots of people write books after the fact, good for them. Maybe Monroe Trout will write one, decades after leaving the game with a billion dollars.

Really? Is this Marty? Trying to drum up book buyers? Why not tell the story of when all the above indicators stopped working? s -h - u - t d o w n Do not always believe what you read, lol. But with tenacity, back trading crude oil....somewhat?:crap:

luck as a random process, or luck as the label of intuition?

Interesting topic, thanks for starting it.. A discretionary approach to scaling both in and out appeals most to me as I find so much of trading is about adapting to the current market activity. Maybe this guy's 'reasoning' for entering/management/exiting trades could be of value. SimpleAndHard's Channel - YouTube his trades this day were huge (see the 'more info' text): SimpleAndHard's Channel - YouTube Cheers Scaling Article (btw it's just a random web article I found a while back) I'd like to point out that each individual is different and each strategy is different. If you have a strategy which either hits its target or stops out mostly, you might want to simply hit full size with no scaling at all. On the other hand, if like many you see some degree of MFE even on the majority of stop out trades, it may be worth your while looking at scaling out. Imo, while it may well reduce your profit for winners, it will also reduce your losers(and take a small profit from otherwise losing trades). Trading is about the sum of all parts. It is my opinion therefore that a more stable equity curve is desirable as you can then build your account better through position sizing. Anyway, read the article and see what you make of it.