It is early days but so far the results are impressive:
Since December 2020:
Number of points gained: +1173
Win ratio: 90%
Number of trades: 10
1 loss
9 profits
Breakdown per market
FTSE 100: +280
S&P 500: +65
10Y T-Note: -13
Gold: +23.5
Carbon Emissions: +525
Silver: 1.5
US Dollar: +291
As you can see this strategy works well for the following reason:
Not many trades: people tend to lose because they do too many trades. It is better to concentrate on a few trades that have a high probability of success rather than many low quality trades.
No stop loss: You can be right on the direction of the market but if your stop loss is not in the right place you will lose. This does not happen with position trading because we don't have a stop loss. Instead we trade small and it works better because this enables us to collect many small profits. In the last three months nine out of ten trades were profits.
Hedging: as there is no stop loss some trades are protected by others.
Long term moves are easier to forecast than intraday or short term moves. If a position is in a loss and we wait, in most cases it will recover. There is no need to close it at a loss. We can do this because the trade size is small.
All is explained in this video:
What I did not say in the video is that if a trade does not go in the intended direction I have the option the hedge, to protect it with a market that is causing the trade to go in the wrong direction.
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Try Position Trading (medium term trades, no stop loss, small trade size) click: