@lonextrades Do you think his big DD was the result of poor risk management or was he also betting big % of capital per trade so that multiple consecutive losses resulted in 20-30% drawdowns?
@ashtradin As a standalone chart 4.5-5* but $RIG and $PARR in same sector had very similar structure and broke out two days ago so there's an argument it's not a leader and/or if you took $RIG and $PARR there could be an argument that they are very highly correlated
@lonextrades Lone quick q if you happy to answer, what's your experience with trusting the B/O intraday vs waiting for the daily to reliably look good into the close? Just accept a higher failure rate for better R/R by executing early/intraday? Much appreciated
@godcomplex96 What about focusing on increasing frequency of trade ideas? Either by finding more setups with edge in same market or expanding assets you look at?
@52kskew The real Binance move though started after initial whipsaw action..not saying we expect same move at all, just noticing how yesterday we also had a first puke that got bought back initially (flow algos?)