Just found no place to jump on the trend today, I'm looking at a 1000 tick bearish signal that I'm going to be taking in sim. I'm going to try using a 4 point stop instead of 8 point stop on my sim trades this afternoon and see how it goes.
Funny how those non emotional sim trades seem to work out.. SIM Trade 2:01PM Short 2 ES - 973.50 Cover 1 ES 972.50 Have stop at break-even with one runner contract.
I think he means there is no hurry to get in. Take your time and don't rush things. The market will be here tomorrow.
here is my trading journal numbnuts! boilerroomtrade.com and you can download it all on a spreadsheet!
all of this crap about stops is such BS! all of this crap about having mroe winners than loser is BS. I think I have had only 4 losing days out of the last 100.. becaseu I am always adding to my winners and my LOSERS.. as my positions go against me i decide if i was rigth or wrong in my initial assumption of the stocsk direction.. if i still think I am right then I buy or sell more..thsu reducing or increasing my total average cost!!!!!!!! this is how money is made in these markets... it is not about 3:1 stops etc.. it is about position size and average entry and exit.. duh duh duh duh .. get this down and you will make money
Glad to see you have found the strategy that allows you to print money. Nobody has ever got into trouble by averaging down. Why haven't I thought of that?
B/E today, not much to post about... suppose it's better then being red for the day... Thanks for all the replies.
Keep at it Kylash...dont ever give up or let anyone smash your dreams.. But one of the other posts whom mentioned u should go to stocks is a a great suggestion-only because u can bet much smaller and last much longer why your learning or if u want trade the spy.. ah yes, i just remebered, u cant day trade without the 25k for stocks,, In that case , your best choice is the mini- nas futures... good luck Kylash