I will wait for the "news" to blow over. I will not cover DURING the news spike, but I didn't say I will not cover AFTER the news spike. If the...
That's why I have double insurance. First I have a 20 point soft stop. Second, I apply adequate leverage that I will not be wiped out in any...
Your system can have some freedom. Discipline means you have to follow your system, not your system cannot have any freedom. One trader in "Market...
Where is the market before the blow through to 1015? If it's already at 1010 without news, I would have stopped. Are you suggesting a spike...
We are definitely not communicating. My stops are soft. I shoot for an average of 20 point stop, but it may actually be 15 as well as 25 points....
Somehow it's very difficult to make myself understood. My 8 point target is associated with the current 20 point stop. If I use a 100 point stop,...
Good observation, because this is the "no fear, no greed" experiment. My method is primitive to some of you, but I tend to think methods are not...
You made some good points but missed one important factor: leverage. I agree that your comments apply to someone who is overleveraged and cannot...
Except for the first hour, the market is indeed having a lifeless day. (I know, as soon as I speak, things change)
Basically, my rule says that I can open positions and take profits but not stop out on spikes. This is one of the reason I don't use hard stops....
So far it seems to be gap and crap (I could be wrong as always), but the Intel effect is considered over now. If ES revisits the 1010 in absence...
No, my system has a down bias. I will be a buyer when it has an up bias. I don't think ES rising over 1015 will change the bias.
I will think about covering when the effect of the news is over. If there is follow through, I will stop out. If it's gap and crap, I will wait...
Sudden move caused by "news".
Apparently you are giving advice without knowing the full context of this trade, as part of an experiment. I don't blame you, not many people have...
Agreed! Otherwise, why are we here discussing? We'd be lying on a Caribbean beach, wondering how to spend the millions made from the market.
I was wrong about the day, again. ES jumping back to my stop area due to Intel News. No stop on spikes but may stop later in the day, depending on...
4 point range (999-1003) overnight, no economic data release expecting another lifeless day, rather spend the day watching paint dry
We are all students of the market. I have been in this game long enough to know not to look for gurus and trade exclusively on their advice....
Well, that depends on the timeframe. Short term, the market is always wrong. Long term, the market is always right, after we are all dead.
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