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!
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