#@!$#@#@#!!!*^ Was up $6500 but felt bad for the shorts so gave all but 1500+- back. If you look at the attched pic, I carried 2long at globex close last night. Thats why when you do the math I am not flat, +thats were the 1500 came from
K, although I'm finding a bit hard to understand your trading on the fly from your blotter (will see it later with a chart, though), I don't really see why you're beating up on yourself. If you had 6 grand in open profit and held, I take it you must have had a reason to believe we were going to gun for the overnight HOD and then be up 10 grand or whatever. It didn't work? So what? Next. If you had broken your rules/discipline, etc. then oh, yeah, I'd beat the crap out of you, tranny D j/k) 99% of people in ET would sell their mother to sex slave traders for a +1,500 day (I'd ask at least for EUR 2,000 ) If you could tell us more about your thought process while you were in the trade, that be great.
Np, Ill explain. For the past week I have been trading es to the downside along with crude. I kept getting the same results everyday in es. Then when it finally tanked yesterday. I closed out all my shorts in es between 1097-1094. Turns out I would have made double what I made yesterday if I would have done nothing. Guess it comes down to a mental issue for me where I am hard on myself if I don't capitalize on 100% of the move. Going to the reason that I stayed long now. See attached chart. 75.95 was the weekly TL support. We got within .08 of it so I went long. I use my own blend of Fishers method which never produced a sell signal, but tried to produce a buy signal when we went to 77.00. The only part were I went against my signals was around the 12.30 mark, action told me I had a 50% chance of being wrong, there is were I should have lightened up. Plus by my method the indexes were a buy signal. Some of the single buy and sells were to lower the cost of the outright position so if I got stopped out I wouldn't be negative.
Does anybody else have a TL as SK, I draw it near 75 see attached chart and same on my chart package. As for your trading - Even a blind pig finds an acorn every once in awhile
Thanks for the explanation, K. Still, I have seen you take quite large adverse moves against your position (don't know USD-wise, but easily 0.5-1.0 points) without flinching and I assume that you're trading a reasonable size for your account, so while I can understand that you're upset about leaving 5,000 on the table, I don't see why we should put you down, you stupid son of a gun For what is worth, I have a rule that if I'm up on any trade over 15%, I either lock in a good chunk, reduce to 1/3 or exit all take a deep breath, reassess and re-enter with 1 unit. Unfortunately, I haven't had to implement it in a good while... so stop whining!
I look at volume at price (horizontal lines), rather than trendlines (<del>vertical</del> oblique) and 76-77 was the last buy zone. IMHO, either it turns here or it's gonna go down quite a bit (hey, WTF, this is top-MSNBC-analyst stuff: "if it breaks resistance it will go up, but if it breaks down support it will go down"). :eek:
K, we understand totally, no explanation necessary. It's hard to hang onto profits when this oily contract is so damned slippery!! EDIT: Wait minute, I just looked at your blotter. As ET's resident mom, I must say, you're not getting enough sleep!