Why not set a +30 stop loss before you went out clubbing balls?
I'm still short from last night.....hanging in there...
Hi Steve,
That is my 'Achilles Heel' with trading always. If I kept the stop wide, which I did at the outset of the trade, (and ran a big loss) I would still be in and up 20+ pips again. as I post. I went out, set the stop at BE, and got taken out! If didn't set the stop at BE, I can bet 'the house' I would be running a BIG loss yet again! Confused is an understatement!
Atilla
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I'm so confused.
The 4 hour charts look like a long and a short at the same time to me...
What is wrong with me? :cheesy:
Why not set a +30 stop loss before you went out clubbing balls?
Very, very valid point there BB. I guess the answer to that is I wanted to give 'some' room to the trade, however, I should know better from many experiences past!
I sympathise m8....there are times when whatever you do in the market appears to be the wrong decision....
I basically short Dow because I've got a higher entry on SPX so have averaged in....gives some breathing room...but I also keep doubting my entries when the markets behave like this....
Atilla
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firewalker99
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I'm so confused.
The 4 hour charts look like a long and a short at the same time to me...
What is wrong with me? :cheesy:
Hey Atilla,
There is basically nothing wrong at all. The problem is, like me, and the rest of us here, you haven't won the Lottery yet!
Now, wouldn't that be nice - no more trading. :cheesy:
firewalker99
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I'm so confused.
The 4 hour charts look like a long and a short at the same time to me...
What is wrong with me? :cheesy:
Hmm... perhaps you don't have some strict rules defined?
Or perhaps you have too many possible rules or signals defined? I hardly ever see a situation that I can read both ways. Unless ofcourse I'm being emotional and not analyzing the signals but thinking about what the market could or should do :|
firewalker99
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Hey Atilla,
There is basically nothing wrong at all. The problem is, like me, and the rest of us here, you haven't won the Lottery yet!
Now, wouldn't that be nice - no more trading. :cheesy:
I'd be trading even more then
At least for a very short while hehe
Atilla
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Hey Atilla,
There is basically nothing wrong at all. The problem is, like me, and the rest of us here, you haven't won the Lottery yet!
Now, wouldn't that be nice - no more trading. :cheesy:
I'm not sure.
Might mean we place bigger positions and continue just the same... :cheesy:
Risk management might go out the window perhaps...
One thing I know for sure. I wouldn't watcht the screen as much. Maybe once a month?
I'd be out planting my walnut trees in a nice line. I'd be trading even more then
At least for a very short while hehe
yeah...trading 100 lots a time....and you'd still be nicking 20pts a trip..... exit at 13718 = +30
It feels good to be back
Presumably, you meant to post 748 there FW! Well done by the way.
Atilla
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My rules are varied must confess. I switch from MAs to BBs to trading the News to going with the charts to going with my belly and what I have eaten or drunk.
I'm in a funny mood last few days. Confidence very high and I'm likely to risk something I don't want to lose.
Nice to see it surging forward.
SL moved to @ 13620 B/W. Free trade.
Ok I'm going to incubate this one to 660 with a 15 or 20 trailing stop hopefuly.
firewalker99
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here's that swing up I told you about
holding on the second part of my long, stop moved up to 13740 fut...
aiming for +100 today
firewalker99
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Atilla
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Just exited at 13622 for another +2 making +12.
5 min charts turning also 1 hour charts looks like upper band of me Std Err charts.
Sorry for braking my incubation period but that's what you call a rotten egg.
firewalker99
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err... that could explain why you are seeing signals for either direction... I'd leave the belly out of it if I were you
You're joking right, if you had that sort of funding your trading potential would be unlimited. Just think of the sums you could lose :cheesy:Hey Atilla,
There is basically nothing wrong at all. The problem is, like me, and the rest of us here, you haven't won the Lottery yet!
Now, wouldn't that be nice - no more trading. :cheesy:
A lot of the problems described on here could be solved by trailing stops, something the SB'ers refuse to provide?
