Hey, Net Loss -$384, not sure what is going wrong right now....seems like everytime I try to add to a winner the trend ends and a nice winner turns into a small loss or b/e.....possibly market conditions, we shall see....tomorrow is another day but quite a few larger losing days over the last few sessions.... No equity trades today. Cheers
Stay positive and review trades. Market has been using me as its punching bag for the last week or so myself. See numerous opportunities, unfortunately the ones I have been taking have been backin up after a few ticks and alot of the ones I don't seem to do well (not all obviously). Seems streaky, but at EOD I see the chart, and am like "wow, you must have miffed because there were some good price setups!!". Maybe a nice weekend is what we need Raz . Skipping witching, hope everyone has nice weekend! ~Cx
Razor, Post your trades and let's see if we can find where you went wrong. I managed just above breakeven today after a couple of dumb forced trades during the morning quagmire. opm8
Yea not too worried, gonna review trades and see if I am doing anything major wrong or just market action. Thanks for the motivation and enjoy your weekend Cheers
Razor, Not everyday is optimal for averaging up. FOMC was the last one I can think of. The trend must be indisputably strong without a shadow of a doubt. Hope you refocus soon. Anek
I did not get to trade today. Although I've done an end of day analysis on NQ. I'm trying to look as macro as possible. I find this could really help me decrease my itchy trading finger. Anyway, it boiled down to 3 trades. Easy to see after the fact, I know. One thing I've noted were all the long confirmation bars. Most the moves were half finished by the confirmation time. White arrows are the entries. Yellow arrows are the exits. -Tech
Tech, I have this noted in my notes/txt file, but I want to confirm - when you see those longer bars, do you generally assume that the move is exhausted, even if it is from the start? Would you stay out or would you try to enter on the retrace? How would you handle the longer bars?