Hey everyone, this is Nathan Tucci and, as promised,Read Part one Here I have more about leaving runners… Please watch my video and leave comments!
TEXT FROM VIDEO:
Hey, this is Nathan Tucci, and I am continuing with the idea of leaving a runner today. I think you will be pretty surprised with some of the information I am going to give you in this video….In order to show you the best that I can, I am going to share the simple versions of the spreadsheets I created so that you can see the stats that I am giving you.So let’s start with some basics. All of these example are based on you hitting your initial target on 10 trades and moving your stop to break-even after hitting that initial target. I am using different variables for how big of a runner you leave on and how often you hit the second portion…. So what if you only hit it 25% of the time:So you saw that with a runner target of twice as much as your initial target, you would have to hit that doubled target at an amazing percentage ( OVER 50%!) for it to be make you money over the long term….. What about a runner target that is WAY bigger than your initial target? Now what about hitting it 5% of the time?So the summary is, that with the initial target and secondary target while moving the stop to break-even, there is no situation where leaving part and taking part of the trade makes you more money…… Next week, I am going to talk about the idea of taking profit and trailing a stop, or not taking anything a trailing behind you whole position…. I think you will be pretty amazed at how big of a difference it can make; and I believe it will be VERY helpful to your trading if you use some of my material in your strategy… Thanks for reading, and don’t forget to leave comment!
Winner’s Edge Trading, as seen on: