Maddog79er
Well-known member
- Messages
- 384
- Likes
- 13
How bout this one? Good discipline? Was the tarder right to close where he did?
Never go broke making a profit 😆
Was this actually a real trade?
Never go broke making a profit 😆
Was this actually a real trade?
darktone
Veteren member
- Messages
- 4,019
- Likes
- 1,086
timsk
Legendary member
- Messages
- 8,732
- Likes
- 3,426
Hi DT,
Just want to check I'm reading your chart correctly. . .
You opened a long position circa 10,600, held it for nine days during which time it went offside by almost 600 points, and then you closed it at or around break even. Is that right - or am I missing something?
Tim.
Last edited:
itspossible
Senior member
- Messages
- 2,796
- Likes
- 570
referee
firstly maddogs ftse trade 08.27 short 6802 closed 10.24 6814 -12.
(on my preferred 2min) he did have a number of opportunities to get out for a smaller loss,even in the black.he could have maybe saved a few points but he was right to get out.it happened to turn but like he said he was on the wrong side of the pattern,where it could well have squeezed higher and who knows for how much.so he'll get back -12 quicker than -50+
darktone
Veteren member
- Messages
- 4,019
- Likes
- 1,086
or should i say no longer my market but i have been there a couple years ago.about 5 positions,holding for over a week,finally waking up one morning having had enough and closing out about -700.
holding an hour more and i would have been plus a few hundred.
darktone
Veteren member
- Messages
- 4,019
- Likes
- 1,086
Thats interesting. What is it exactly that you had had enough of?
darktone
Veteren member
- Messages
- 4,019
- Likes
- 1,086
seriously, its a fascinating (and essential) thing to consider as a tarder. what is it thats drives the 'I cant take it anymore' . what is it that makes us puke em up?
seriously, its a fascinating (and essential) thing to consider as a tarder. what is it thats drives the 'I cant take it anymore' . what is it that makes us puke em up?
Literally that sickening feeling everyday for longer than a week,it was close to 2 weeks being over Christmas period.neglecting sleep/diet/exercise and just sitting and watching screen.
Imagine what a real trade would be like if demo/paper has that affect!
itspossible
Senior member
- Messages
- 2,796
- Likes
- 570
give up then :smart:
darktone
Veteren member
- Messages
- 4,019
- Likes
- 1,086
Everything there is a symptom. What gave life to that behaviour and those feelings?
Actually, lets take this to your thread.
joseph1986
Experienced member
- Messages
- 1,899
- Likes
- 90
you would easily have had 80 percent win rate trading against certain individuals this year......some called themselves analyst, some called themselves investors but there is one mighty Yoda named piphoe, so wait for those low gap opens and you will see wonders
joseph1986
Experienced member
- Messages
- 1,899
- Likes
- 90
ftse will be back to 6600
seriously, its a fascinating (and essential) thing to consider as a tarder. what is it thats drives the 'I cant take it anymore' . what is it that makes us puke em up?
Poor risk management and undercapitalised.
darktone
Veteren member
- Messages
- 4,019
- Likes
- 1,086
Well he started out iirc with around 100k so you cant really call him under capitalised. His total exposure (according to the puked trades) comes in a touch over 4x, getting hot for a pro but stone cold next to your average tarder.
At a glance doesnt looked like he manages his size very well. He also uses stops.
Theres something else that hinders this guy, you can see it in the videos.
