Just 22.5? You must of dumped all within the first 90 sec. With those LOO size orders you typically throw out I would have thought to have seen a 100+. I blew out at 2 min. I expect Don Bright to get a few recruits out of what happened today.
Mostly I just try to identify what parameters for entry or exit are producing most of my profits and where most of my loses are coming from. I try to improve or add size to what's working and cut back, modify or eliminate what isn't working.
I trade alone from home. My "assistant" is my sister in law who I taught some of my systems to. She helps me cover the news pre-market. Assistant just sounds fancier than sister in law. My "operation" is a Dell pc, 4 screens, a laptop and a desk. Nothing special at all.
Lescor, can you describe the process of figuring it out? I presume, as no one mentored you, you had to go through forums, websites, what else? You didn't read books a lot as you said, what other sources of information did you use? For instance, as I understand, the OPG strategy was invented before you started in the beginning this century, how did you know about this particular strategy? I'm mostly interested in the thought process. Usually they say about toil, blood, sweat, etc. Was it like that in your case as well? Thanks.
i was just looking at the chart of the emini which tracks most stks and the mkt had been flat the hr into the open and the mkt actually opened near its highs. i don't see any indications in there to get short off the open as most of the week when we opened like that we spiked first. so my question is you said you were heavy short off the open and that worked on friday. my question is if we spiked hard first were does you system stop you out? you said you manually trade these positions so how much do you let something run against you? if we spiked 5-10 emini pts would you have lost 10-20k?all your loses seem to be small.
were you at all hesistant to tell people (especially family) about your success? and in trying to teach them the way, were you afraid for their financial risk/responsibilty etc, and what that could do to your relationship? -due to this being a game that is extremely difficult for all beginners. i think you see what i'm getting at, yeah?
The market flat into the open and shortly after defined a range. Trading in the direction of a breakout is a good way to catch an intraday trend early. Price broke through the bottom of the opening range and that's a top notch short signal. From the break out of the range through the end of the opening hour was my best trade of the day.