I've been following your posts to see if I can learn something. (for free of course ) My take is you have a bear bias and that's what you are trading. The question you have to ask yourself is why you are over trading? My guess is you have to trade to keep clients happy. PS I'm not getting enough info to learn anything new
Agree re inverses and low volatility, will try to avoid inverses until VIX gets back over 35. Markets have 2 headwinds next week, China trade war rhetoric and Friday NFP, I'm thinking markets may sell in anticipation.. should be a volatile week... note midday reversals are common
I'm overtrading bc I still anticipate a market selloff and I've got fomo. Nothing to do with clients, I just want to make big $ if inverses bounce. Re posts try my free webinars 6 days a week instead, I'm posting from a cell phone which is tough lol
That's a bear bias. Don't you teach to trade what the market gives you not what you think the market should give you?
Hi, of course, in my live room we focus on daily gap runners and strong momentum breakouts. Here, a lot of you are smart and experienced so I ask for ideas to help improve where I'm struggling..... I'm grateful for the ideas, it's a journey
Back on topic, anyone else combining both hard and trailing stops for daytrading? Example: buy 100 shares of gap runner, use hard stop on 50 shares just under lod, and 30 cent trailing stop on remaining 50 shares
Can you explain that a little clearer? Enter at 20. Is the first exit at 19.70 or 19.50? OR Enter at 20 first exit at 19.50 then trail to 19.20? Why 2 exits? FOMO?
Stock opens at $19.8 I buy 100 shares at $20.3 I put hard stop at just under 19.8 for 50 shares and use 30 cent trailing stop on remaining 50 shares. Reason is to keep 50 shares alive from lod stop in the money in case trailing stop gets taken out. Also to manage midday reversals...... say it runs up to 21.7 then back to 19.5 later, the trailing stop wins vs hard lod stop. There's a lot more to it, ask me in a webinar for details