what's the flaw here
1) simultaneously set up a long and short position at price X
2) put a very tight/close stop loss at both ends
3) when one of your stop losses is triggered, repeat step 1 at new price
4) ??? ride the chart up or down forever with minimal risk ???
help
>>2619433
>1) simultaneously set up a long and short position at price X
lol'd
>>2619683
help
youre assuming that the price would
1. keep going in the direction opposite of the stop
2. not turn around and hit your stop
where would your profit target be?
When it hits one stop...there is nothing stopping the price from turning right back around and riding it back in the other direction.
>>2619433
The price can crash past the stop dumbass
>>2619913
three lines on the graph
top = short stop
middle = current price
bottom = long stop
then when it breaks through your top, cancel the short stop, move the bottom to the previous middle, and create a new long stop same distance ahead then before
just ran a simulation is MS paint and the system still looks good to me to be honest
>>2619433
There's an episode of the Simpsons where they are at a casino and Principal Skinner has bet $100 on red and $100 on black, noting that there is no risk but he still has the thrill of gambling.
The roulette board comes up with 00 - green. He loses $200. That is what is going to happen to you, except in this scenario, 00 green is much more likely than red or black.