Happy to, I’ll see if I can dig out a chart tomorrow. What makes the trade even better was that I already held a few longs, market gapped down so I hedged with a big short. Realised I had been bear trapped then went 3x heavier with the long. Bought some Apple separately to boot - same deal, I’ll hold that fucker until the market takes me out. You know you have a chance of making it in trading when you have the ability to act decisively when you’re wrong. In my first few years, I’d have sat there panicking watching the market bleed me dry on either side, hoping for a turn around. And we all know the story thereafter, stop out on stress, watch the market reverse and hit your target...
I love how your story changes. LOL... You go on and on about how awesome of a bottom you called. But not the real explanation is that you thought long was the direction, but decided to hedge with shorts (meaning you didn't really trust your longs), and then you changed your mind again to say you went long some more after realizing you were bear trapped. Tell you what, next time tell us at the moment you put on a swing trade and we can evaluate you in real time versus this hindsight bullshit.
Here’s the evidence as requested over a H4 chart. There’s a 4% gain in one move, still running hopefully to 4k and above, we shall see. I make a habit of not arguing with internet trolls. Came here to help the kid. I do not require evaluation by anyone. Go about your day. I hope you have success with your trading.
Entry on Apple, also. I think have I caught the bottom and this will go to new highs. The market will surprise you and turn on its head without notice. I bought fear and I’m prepared to sell greed.
Dude, in your post, you made it sound like you had put on an excellent trade. But all I see in your chart are two long that took on a significant drawdown before you sold them for a tiny profit. Then you have 2 shorts that you entered on essentially the low. And it was only that last long where you finally made money. (not sure how you could have entered those shorts while still long, but whatever) I'm not saying trading is easy, and I commend you for sharing, but you came into this thread talking as if you were an expert. The reality of your trading is that you took on heavy losses before the first trade finally recovered. Then the second trade was a total bust, and only the third trade worked out. So I call this more of a struggle than obvious trading expertise.
Mmm ok you weren't trolling - fair enough! Context is key. Could show everyone my easy trades if anyone cares also, but you won't learn anything from those. Edit: conversely, my entry on apple caught a precise bottom with no hedge/mistakes. Boring, right? I've made the most money there and we didn't even bother discussing it. What kills every trader? After a few years I'm sure you will be able to generate some profits, but you keep blowing up. That's what the casino counts on. The ability to correct mistakes is what really makes a trader successful. That's why I showed my trade. Cutting losses and reversing, or correcting mistakes, to me, are the most exciting trades to see. There was no struggle or bust there. 1. Opened first longs, market dropped. Was confident kept them, didn't hedge 2. Market gapped down on open, tricked into thinking the sell off was on (mistake). Shorted 3. Closed short hedge 4. Entered long with 3x more leverage than the short 5. Closed initial longs to reduce risk, knowing I had better entry below 6. Closed some partials along the way 7. Still in and shooting for 4k, with good profit in the bank and no risk Not only was the leverage 3x bigger on my long, it's also provided me with 3x the points. I usually read here for entertainment and to develop some dumb money sentiment. I'll get back in my watching box
Totally agree with this. And the trades you show clearly weren't easy trades. But lets not forget that this quote below is what you shared initially, as if you caught the bottom. That by itself sounds exactly like something the fake gurus would say, but the reality of the trade was much different. Thanks for being so honest to explain it all though. It actually is a much better lesson that just saying you bought the bottom and banked the profits.
Oh, one more question though. If the chart that you show is from your platform, how is it that its able to display entering a short position while still in the longs? Also, what exactly do you mean when you say you hedged your longs by going short? It seems like all you did was enter short. How is this a hedge? Usually a hedge would be buying a different instrument.
Oh I'm not a fake guru, I want to be completely anonymous to the internet. That's why I am mostly a lurker..