five years later (the previous 5), still struggling!

Discussion in 'Journals' started by momoNY, Feb 26, 2011.

  1. I agree that you should pick one shorter time frame chart and one longer term chart for support / resistance and that's it.

    It really sounds like you are overtrading in a big way. I had 2 trades all morning!
     
    #131     Mar 1, 2011
  2. momoNY

    momoNY

    I'm definitely going to do just that. Stick to 5 minutes only. In a down day like today. I get killed at every pivot of every time frame. There was a reversal in the 5 minutes and trend down how can I expect the market to go up FROM THERE? I was misled by the 15 minutes, but then even that one was down. I think I'm too biased to the long side.
     
    #132     Mar 1, 2011
  3. momoNY

    momoNY

    I need to stop trading! another huge mistake
    Long 20 out 18.75 So fat down $955.
     
    #133     Mar 1, 2011
  4. Seriously WHY are you long, cut it out!!!

    Now we have had a solid two waves down, so if you are going to continue to hammer away at a long, now is your best shot.
     
    #134     Mar 1, 2011
  5. momoNY

    momoNY

    That's what I'm saying, I don't know! long again 1315.75 out 1315.25.
    At the reversal on the 5 minutes I went short 1323.25 and closed it.
    Lunch and breath.
     
    #135     Mar 1, 2011
  6. MarkBrown

    MarkBrown

    1.) madness
    2.) proprietary
    3.) unprepared
    4.) unwillingness
    5.) unprofessional

    this is y ur failing. m
     
    #136     Mar 1, 2011
  7. Eddiefl

    Eddiefl


    That's what I'm saying, I don't know! long again 1315.75 out 1315.25..................................


    dude, just stop. go demo while you waddle through the marshes. Its almost painful to read these posts.

    Demo may save you. Your current mental setup and trading setup is sinking you.

    Ef
     
    #137     Mar 1, 2011
  8. Yeah, it's kinda like one of those horrible car wrecks, where you don't want to look but you can't help yourself.
     
    #138     Mar 1, 2011
  9. Eddiefl

    Eddiefl


    so true, prob cuz lots of us have been there at one point or another. Maybe not to this degree.

    At one poing we listened to others, maybe this OP will too,

    EF
     
    #139     Mar 1, 2011
  10. MarkBrown

    MarkBrown


    of course we have all been there me more than a dozen times ten! it's all part of discipline and this guy has none so far. m
     
    #140     Mar 1, 2011