It's pretty clear that you and I, on the short-term, are not doing anything even remotely similar. I wouldn't think of even considering this kind of trade. We'll have to just compare P&Ls in a year.
Yes indeed it is quite clear that you are correct. Thank you for this interaction it has been a good learning experience for me. Rather than asking too many questions which have already been answered elsewhere, maybe better results come from a keep it simple stupid (KISS) approach? Trades which are barely viable are just part of trading - there are only probabilities after all. That means we cannot necessarily learn from our losses, as nothing is certain in the market and losses are part of trading. Makes sense to me, thanks. Continued good trading to you.
Zenmaster, thank you for your warning not to short the last couple days Finally I see you admit you are wrong for once and don't know "every move in advance" . That was funny while it lasted though.
Zen, All i know is that it looks a little fishy that you try to help all these people with very intruiging long posts of how you know the unknown. If you are truly a proficient player, why bother with the riddles and nonsense if your goal is to help "save" these people? It just seems like snakeoil.
Now, now, all market wizards write long-winded, mysterious posts alluding to the elusive "truth" about trading. He still has three trades to go; I would appreciate it if you didn't scare him away just yet...
" The aspiring trader needs to understand what is likely to happen in the future in order to place profitable trades. ........." more bull crap from the wizard of Zen. the Zenster long grease entry at the red arrow and no stop on his trade. price action indeed............. This chart is brutal . cheers, s