i would assume fear and panic. but who knows? these markets have been so manipulated and interfered with so much by the govt that i stopped tryna figure it out. i guess the mkt will go wherever they want it to go and it will do whatever they want it to do.
Yes the fibs and wave structure would of cought the eye of the Elliott Wave techical based traders on the 61.8%
You were trading to not lose instead of trading to not lose too much. The hardest part of trading is staying in winners. Traders move their stop into the noise once they have a small profit thinking that they will at least have a gain. This is not the correct way to trade.
First question: I deploy my assets outside the trading account into money earning instruments so that I am making money at the same time . Second questionlease give me credit for at least a 10 to 20 percent win ratio instead of the zero percent that you are giving me and then consider that those wins are let run for extended gains. Also, remember that although 2 percent is the maximum loss number, I am seldom risking the full 2 percent. This will give you a clearer picture of what I am speaking of.
It's the Bureau of Trader Statistics, there is an undersecretary to the the Dept of Labor who compiles and releases those numbers every Friday after 5:00pm est. I am looking forward to the next release, kind of like reading the obits.
i should know better. even the best of us are vulnerable to making rookie mistakes from time to time.