Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Long Long Long!! 2360.50 (Day trade call) Initial stop 2351.00
Haven't said this in a while but a trader should never risk more than 2% of Total Liquid Net Worth on any one trade/idea and when right , let the trade run to maturity. That's the real key to successful trading.
I assume you measure the maturity of a trade according to a personal risk management criteria rather than some technical common principle/s.
Yes-- with one caveat. Each person defines their own technical principle so that's why it's not common. Maturity is different for each trader. If you define maturity as 2 points, then don't pull the trade or any part thereof at 1.5 pts. If your maturity is 4 points, don't pull at 3.75 etc.
Not tremendous yet. Pricing is 2357.00
We've got a short term bottom now in at 2354.75. A confirm of bottom will be a print of 2358.25
--and there it is. Short term bottom confirmed. We should head up from here.
I hope market won't be going up this time.
A. Counter trend pattern present on daily;
B. Other analysts are seeing counter trend signals;
C. I'm short Naz
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