a loser's journal......read at own risk

Discussion in 'Journals' started by padutrader, Feb 26, 2021.

  1. Overnight

    Overnight

    Why do we care? You don't have the guts to pull the trigger on a live trade, and you tell people that they should not read any books, because it will not help them.
     
    #271     Mar 17, 2021
  2. padutrader

    padutrader

    i made that clear in the beginning of this journal and many times through it, so it is clear you are not reading it. why pretend you are?

    and you do not have the guts to fight with your wife so you fight with me
     
    Last edited: Mar 18, 2021
    #272     Mar 18, 2021
  3. padutrader

    padutrader

    my strategy is simple

    sell and put stop above swing high.

    buy and put stop below swing low.

    target is not fixed at time of trade........that is subjective to how the market behaves after entry.

    i used to get out before my stop hits but i found all the times i did that, my stop would not have been triggered.....
    so i realsied that is how markets make you convinced that it is going definitely in a direction.

    so i found out how futile it is to figure out market direction....i tried and tried for 13 years....

    so now just put a stop and think of something else or nothing[!]

    i am looking for at least one times risk.....since 'most' of time market is in some kind of a range
    but if it misbehaves i get out.

    for example this is my gold trade.....

    https://screenrec.com/share/qTMzaDHdub
     
    Last edited: Mar 18, 2021
    #273     Mar 18, 2021
  4. padutrader

    padutrader

    #274     Mar 18, 2021
  5. padutrader

    padutrader

    #275     Mar 18, 2021
  6. padutrader

    padutrader

    #276     Mar 18, 2021
  7. padutrader

    padutrader

    #277     Mar 18, 2021
  8. padutrader

    padutrader

  9. maxinger

    maxinger

    what?!

    When the European market just opened, gold, bonds, NQ ... went down due to
    Fed news.
    Those who used fibo, trendline , wave count or something similar
    wouldn't be able to catch this signal.
     
    #279     Mar 18, 2021
  10. padutrader

    padutrader