Never have liked it. I just make notes on the fly on my charts and will sometimes look at them at end of the day. In another life...on another forum I did journal one time. What I do now is make comments on the fly and try to make them before they happen but sometimes while I am typing the action takes place and by the time I am done and actually post the comment it is over. Sometimes I get lucky and get it done in time and viewers can see it unfold live. I cannot type well. I peck. I am not very smart and I confuse people with my writing ...etc. Neither am I very well liked because I have a tendency to focus on the negative and failure or at least try to point them out and that kills peoples aspirations and they just want me to go away. I really do wish the best for all traders. But I apparently don't come across that way. Fortunately I have never been banned from a forum but I have been reprimanded. It is embarrassing. I will leave now. Got other things to do. Maybe one day I will journal but really even that can be faked so only real trading shows reality. PS I have never started a thread on any forum that I can remember. Even my journal years ago was in someone else's thread. Not even sure how to start a thread.
Will you take some profits? That mean mean mean reversion is ugly? This thing could head south again from bar 12:55. Or it could be a great long opportunity depending on the close of bar 12:55. I would be ready to go either way.
Please don't tell us you are riding this back down. If you can get a good bar you still might pull it off but things aren't looking good. If bar 1:15 closes low i would say adios to any profits on the long side and make haste and cover. Actually, I would have already covered.
Staying long here. The 15 now has joined in and should the hourly stay the way it is it will have come along as well. Price currently 2261.00
I never went to school to learn to program, I started with Tradestation back in early 90s, when I got stuck, they had many folks on a forum and I would ask for help, then onto Ninja etc. Market makes same patterns each day, goes up, goes down, times it equals, makes triangles, angled lines, after awhile your beliefs can change of what it was 10 years ago. Those who go for homeruns want bungee cord to expand, those who play reversion to mean want cord to contract. In most of my trading from scalping to long term commodities I am reversion a mean of sorts-long term commodities unlike stocks seems to have contained extremes much more than stocks. I wish I could feel warm and fuzzy playing for homeruns in day trading, but I only know like a handful who are very consistent. When one finds something that works, trade it as much size as possible and should it stop working, find out how to adapt it. Here is what some seldom look to make money on, some will say it is "new PA" but what is changed for some is not for others. I watch where Friday's close, next week will try to touch last day of week's close, so if we gap away from it, I will have GTC to enter so many ticks away to close the gap. I, also, check what ES has done overnite in UK, if it moves 7-10 points down since their open, I will look for buy signals after US open but will increase size I trade to close some of the distance, looking for 1-8 ticks per signal.
I agree I agree. Homeruns for day trading are extremely hard to pull off. The key is to get really good making 1 to 5 points at a time with a win rate of about 60 to 70 percent. Occasionally, one can tap 8 points in one trade but that is rare. That is why if the market gives me 3 or 4 points but i think it will have another leg i will lock in the profit and then wait for PA to show me the next leg is indeed coming. I don't mind the extra comm. i don't like the roller coaster rides like buy1sell2 does. I had rather miss the second or third leg. But that is me. I only day trade so i am flat before the close. Get really good at just making even 2 points per day with trade size and some decent money can be made without all the up and downs.