Daytrader's Only

Discussion in 'Professional Trading' started by The General, Jul 6, 2009.

  1. The General

    The General Guest

    For now-No.

    Just watch and see what happens as the trades are posted-but they must be live calls-with small size-as mentioned twice now.

    We will ignore the dim wit posters-as they will surely continue-as surely as the market will move each and every day it is open.

    The General
     
    #11     Jul 6, 2009
  2. The General

    The General Guest

    Trade 2 - High Risk of Losing

    Market = Dow

    Order = Long 1

    Entry Level = 8283

    Stop Level = 8263

    Profit Exit Level = 8330 or less

    Result =?
     
    #12     Jul 7, 2009
  3. I have yet to see anyone trade "any market" with much success. On the other hand, all the successful traders are in fact, to a large extent, specialists. They don't trade the cash futures one day, then bonds the next and the pork bellies the following week, not to mention 5000 stocks in between.

    But what do I know, I'm just a noob.
     
    #13     Jul 7, 2009
  4. The General

    The General Guest

    Valid point saliva-

    The point is that the market of choice does not really matter-sure one can become an expert in a certain commodity market-or tech stocks-or fx-or whatever-but when an opp is not showing in one market-it may well be showing in another.

    If you are to trade fulltime-what is better-to trade an opp when it is there-or to sit and wait for an opp?

    As always-most will have their own answer-the one that is right is the one that works best.

    Trading is a mugs game really-and most have the idea that you have to call winners most of the time-when the reality is that you must trade the opp when it shows.and try and not loose too much money-with that-I must review Trade 2-as I was interrupted and missed entry by 2 pts-so now I will re-look and see if I will leave trade-or switch to FTSE 100-either way-my risk will be kept to a level that will not bother me if I lose-in fact-I can lose the next 5 trades in a row and it will not bother me-not one little bit.

    As for the dim wit experts who will post links to "losing trades"-it shows what they really know about trading-SFA :D

    The General
     
    #14     Jul 7, 2009
  5. The General

    The General Guest

    Trade pulled due to not paying attention and missed adjusting entry up by 2 pts-look and see time again-possible switch to FTSE 100 for new trade.

    The General
     
    #15     Jul 7, 2009
  6. The General

    The General Guest

    Trade 2 - High Risk of Losing

    Market = Dow with limit orders

    Order = Short 1

    Market Now = 8316

    Entry Level = 8338

    Stop Level = 8348

    Profit Exit Level = 8295 or better-depending on market and if I am at PC if market moves to this level-which can-or can not-happen.

    Result =?

    Order In - do not copy my trades unless you are prepared to lose-as losing does not bother me one little bit.

    The General
     
    #16     Jul 7, 2009
  7. The General

    The General Guest

    Maybe < > Maybe Not :D

    Trade 3 - High Risk of Losing

    Market = EUR/USD with limit orders

    Order = Short 1

    Market Now = 1.3961

    Entry Level = 1.4022

    Stop Level = 1.4032

    Profit Target = 1.3928 or less

    Result = ?

    Trade In = only trade if you want to lose
     
    #17     Jul 7, 2009
  8. The General

    The General Guest

    Now the fun starts:D
     
    #18     Jul 7, 2009
  9. The General

    The General Guest

    Look and Learn-you dim wit:D

    The General
     
    #19     Jul 7, 2009
  10. The General

    The General Guest

    Always look for the unknown unknowns

    http://fidweek.econoday.com/

    Trade review for Dow Short may be in order-holding for now.

    The General
     
    #20     Jul 7, 2009