XJO 0.45% 7,849.3 s&p/asx 200

Firstly, here are my covid FEB/MAR stats - I didnt hold into a...

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    Firstly, here are my covid FEB/MAR stats - I didnt hold into a 1000 pt drop, average hold time 1h48min during this period.

    https://hotcopper.com.au/data/attachments/5705/5705359-a18a2dc7397500039654d60b04aec6c1.jpg
    https://hotcopper.com.au/data/attachments/5705/5705373-a34ee154f90dadb3ccd45e3a249a1652.jpg
    So regarding your strategy, you set specific targets for a $1 per point short at the highs on a day when the completely obvious trade, the easy trade, was long.

    What is your exact strategy, fade the strength? Or does it change every day? How many times has that actually worked?

    Because I have the data on fading rallies and it's a losing strategy in the short term and long term, but there is nothing to lose on $1 contracts.

    Your strategy is subjective; it's totally dependent on what you think. You will lose money like this long-term, especially when you start trading size.

    My advice to you is to focus on building and executing a trade that's exactly the same every single day. A trade that is completely objective and you can repeat day after day after day, and that you never have to modify until it the data tells you it no longer works.

    I've been trading the exact same system since 2019 on the exact same instrument. I went to America for 12 months to study my third year and modified my system to trade the NASDAQ-100 and it was essentially the same exact trade, same exact execution parameters - in and out like clockwork.

    technical analysis doesnt work at all, but im open to anybody who wants to prove me wrong
 
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