Replies to post #540 on holygrail to the stock market-win>90%

[zand2k]

Nope I'm not the same person. I've actually traded the rsi-2 system. It seems to work fine. I was just wanting to find out the finer points of the system. Because I want to be able to stay in the trades for as long as possible.

That is why I am asking for "typical" profit targets and exits. Since lerogee said this system doesn't use stops, I am assuming that this system is position sizing/scaling in if the entry isn't perfect. But at some point a trader knows when a trade is bad and should exit, unless it is position sizing and you don't mind losing all of that money in the one position.

I am not trying to be smart-alack, but I figured with >90% wins then there have been some losses, and I was curious how those are "typically" handled.

Lerogee if you can help me understand the exit/money management/loss portion of the system I would appreciate the help

Thanks

[lerogee]

i only select stocks or etf s that follow the spy- i check on the monitor on advfn to see if their is more buying than selling and if im in a position the buy volume for the day has to be more than the sell volume the last 60 minutes of the trading system. I use a combination of advfn-tos profit charts 1-2 hour rsi-2>
lets give you some good examples> lets look at mcp> the last week-- i use tops and bottom of LR and rsi-2 as sell and buy signal with the buy and sell volume chart on advfn.com>

profit 5 day 15 minutes chart>

http://screencast.com/t/x3F5duH8

just follow the rsi-2 15 minutes chart and the pink and light blue volume bars on advfn.
http://screencast.com/t/ZDKNmbNzUw

[DayTradingAlgo]

lol we aren't the same people, but it's funny this guy still hasn't shown a solid shred of proof that he is actually making any of these trades he claims his system is giving him.

Pretty sure I have watched him play every single MAJOR market mover perfectly over the past few weeks. That to me = BS

Back to the real world.....