

polyon
57 posts

@polyondelta
breakout trader who posts ideas












$ALMU weekly is pretty interesting here with a 315 day and counting base After the large HVC in April, this name has had momentum slowing building. I would need to see a full weekly close above this 25.88 spot for a confirmation of this breakout attempt. Notice how on the right side we've had a lot of wicks through this spot, this shows a lot of selling BUT fresh buyers keep price up as we bounce off the weekly 9EMA






Look everyone... don't ever be concerned with my positions; be concerned with the risk you are taking. I've been trading for 43 years and have had only a few single-digit drawdown years. All of my trades are made from very low-risk entry points and always with a hard stop loss in place. I could turn out to be wrong and the market may have already made its low. If so, I'll get stopped out. That's the business. I'm wrong just as often as I'm right. The difference is that my risk is always defined and controlled. What matters is not being right all the time; what matters is that the risk taken relative to the potential reward, adjusted for batting average, is managed in a way that produces a profitable outcome over a large sample of trades. That's how I've approached the market throughout my entire career, and it's no different today. The distribution of gains and losses over time forms a profitable bell curve because risk always comes first, and risk is always managed in relation to reward.