Splitlink said:Hung, you can't do that. You were extremely lucky to recoup most of your loss.You have to keep your stops tighter. The trouble is that you cannot abide a loss and so you hang on while it gets worse. Go over to the psychological thread and let them brainwash you a bit.
I'm only half joking!! I've been through that stage which has made me believe that DOW trading is extremely risky and why I trade FT shares
To keep my log straight, I closed the LLOY short this morning for a loss of 1.1 points. I don't, normally, trade with stops that close- just had a different view of the share this morning.
Split
hungvir said:Hi Split,
Do you think Don and I are just one person with two user names
Hope trading is going very well for you.
Best,
Hung
hungvir said:Profit shown for PRU and MKS at last.
I also realised that CMC debited/credited my account everyday depending on if my position is in the red or in the black. Quite a surprise to me as I think future contracts are only settled at expiry date.
Splitlink said:Must be going cross-eyed. I'm not so worried abouit Don because I know he is on demo.
Well, that's a relief! Delete my remarks about the psychological thread
Looking at your BLT. I think that trying to spot the top could be expensive. Don't you think that it is better for it to start a new trend and then short on a pullback? I've sent a chart over. My idea of a pullback are my blue lines (B) whereas (A) are the red tops. The trouble is spotting where the tops are- almost impossible.
Split
hungvir said:The DOW is now my darling I'll do analysis on it everyday even if I can't afford to trade.
JillyB said:Well I'm admitting to making a balls up of it today!
Splitlink said:By the way, I didn't congratulate you on becoming a veteran.. It took me years to do what you did in weeks, which tells me that you are very talkative
Split
Splitlink said:Sold to close III @ 924.1 Loss 15.9. The last couple of trades I haven't been thinking properly.
It seems to me time to be shorting on pullbacks.
III, certainly, was not a buy, which means that I deviated from my plan
Split
don_h said:Hi Hung
Welcome aboard the evangelical church of the dow swing trader. :cheesy:
Yes, well done hung on becoming a veteran.
Don
hungvir said:I've reached my posting quota this morning
Have a great trading day every one, especially Jilly if you're trading. But you deserve a day off with another glass of wine
hungvir said:Thank you, Split! I am talkative though am not an extrovert. If you put me in on a train full of people I would just shut up
On another note, I just became a British citizen alongside with being Vietnamese It set me back 500 quids plus though
Have a great day there! I am taking the kids to Chessington today.
Best,
Hung
JillyB said:Thanks for that - but the wine is being saved until tomorrow, when I will need it as Dutch courage.
We've done a charity version of Strictly Come Dancing - except we're not allowed to call it that - where we've taken eight local Guernsey celebrities and taught them one ballroom and one latin dance in 12 weeks. Tomorrow is the big show - in front of 400 people!!
I will need a glass (or two) I think before I go on!