9/20/05: The Only Direction To Trade Is...

Discussion in 'Trading' started by EtfTraderLives, Sep 21, 2005.

  1. bighog

    bighog Guest

    Game of Probabilities, How do you play such a game when:

    You think in probabilities and there is never certainty.

    You assume certain outcomes.

    You always work in a gray area.

    You never know all the news.

    You make assumptions with imperfect facts.

    Your facts may be outdated.

    Your only black and white area will be the P/L sheet.

    Everything before the entry and the final exit of the trade was based on past experiences and historical data.

    Well, all those can and must only be compensated with the only certainty within trading, that being "YOUR RULES, Prior to and during the trade".. You are the ruler of your fate...treat rules as if your financial life depends on them.....:D
     
    #171     Oct 29, 2005
  2. FWIW

    Add 5 parts $38.91
     
    #172     Oct 31, 2005
  3. $38.25 4 parts
    $37.82 1 part
    $39.14 5 parts
    $39.00 7 parts
    $38.91 5 parts
    Total 220% short

    Avg $38.82

    Stops are in.
     
    #173     Oct 31, 2005
  4. And since this thread has basically become your trading JOURNAL, care to disclose where your stops are, or is that a secret?
     
    #174     Oct 31, 2005
  5. exits and stops are only posted after position becomes profitable..

    please be kind and rewind
     
    #175     Oct 31, 2005
  6. lkh

    lkh

    How come this reminds me of the poker players on tv where they go all in?
     
    #176     Oct 31, 2005
  7. lkh

    lkh

    Did we cover this or are we holding a goog short 18 points down? What is your game plan here?
     
    #177     Oct 31, 2005

  8. rofl!!!


    no response?
     
    #178     Oct 31, 2005
  9. Game plan is to hold. Not pleased with it, thats for sure.
     
    #179     Oct 31, 2005
  10. What you think this is, a real time chat channel?
     
    #180     Oct 31, 2005