I saw a video on Youtube where the trader is able to make money trading, even when he is wrong...
The key points:
He is able to be in drawdown from 8 trades in a row, because he is not risking a large lot size per trade.
He knows the market will retrace back or close to the original first trade,
The newer trades act as the profitable trades to dampen the loss from the earlier trades
I am not an english native speaker so I dont understand everything in the video..do you know where I could find more info on this strategy in text/pdf?
Is it possible to share the video here in case someone is intersted in sharing more details about this strategy?
Usually this would really be talking about Trailing Take profits and Trailing SL's on which if you do really just that know on how to make use of this kind of strategy and made out some good decision making then
you could really be actually be able to make out profits despite of those losing position but of course not all the time it would really be a profitable one because there would really be movements or negative
that could lead out into reds but somehow if you do have this kind of skill or knowledge then this do really shows out that you could really be able to lessen up the the risks that you are taking.
This is really that advantage of those professionals or skilled ones compared into those noobs around but of course everyone starts on being a noob then learning is something that you would really be needing to follow.
As for PDF then there are tons that you could be able to see on, it would really be just that matter of research and finding with those information. Somehow there are some ebooks
which it might be something significant for you to learn on, but well its not worth it since everything could be seen online for free.