Crazy paper trading day

Discussion in 'Trading' started by farmerjohn1324, Jan 6, 2023.

  1. p0box4

    p0box4

    No you did not, you told me just a few posts ago what you did back then was watch the price change and then manually enter based on what you saw, that is not the same ...

    How can you know so little after so many posts ...
     
    #281     Jan 12, 2023
    FTDK likes this.
  2. spy

    spy

    Reality distortion field... or, magical thinking. Your call.
     
    #282     Jan 12, 2023
  3. I had one major loss of $31,000 where I had to admit it wasn't going to turn. This was in early October and it hasn't hit those lows since. It would be impossible with 100 contracts because that's only possible with the day trading margins.
     
    #283     Jan 12, 2023
  4. Perhaps "market sentiment" would be a more accurate term than "trend." I wasn't using any TA. Just a qualitative analysis of the current mood.
     
    Last edited: Jan 12, 2023
    #284     Jan 12, 2023
  5. Ok so I "straddled" using my eyeballs and quick reflexes because that's all that was available to me at the time.

    You don't offer useful advice so it's not worth my time to explain to you. You are free to continue hearing what you want and/or misunderstanding me. Makes no difference to me.
     
    #285     Jan 12, 2023
  6. For example, after the Fed Speech in late August, I held a short position for I think 2 weeks even when it was over $10,000 in profit because I thought sentiment was still bearish.
     
    #286     Jan 12, 2023
  7. rb7

    rb7

    What the hell does that mean?
    Is it a synonym of 'feeling'?
     
    #287     Jan 12, 2023
  8. Overnight

    Overnight

    Oy vey, and you were right, because it was still bearish! It just took a bit longer for the turn south. 2022 really fucked up a lot of swing traders, including me. Nasty nasty stuff going on, and still is. Powell is the master market manipulator. Never again will I fight him or the FOMC. THEY are the rulers of the trend, and nothing else.
     
    #288     Jan 12, 2023
  9. How can you swing trade as a strategy with so much leverage involved?
     
    #289     Jan 12, 2023
  10. Overnight

    Overnight

    The key is to not use much leverage. You are in control of said leverage. If you want to get into swing trading, you are the one that dictates how much pain you can assume. The lower the size, the less leverage you are using, and thus the larger the opposing swing you can survive.
     
    #290     Jan 12, 2023
    murray t turtle likes this.