Thats where “ trader intuition” comes in and that is hard to teach. In my original post, i stated traders need to be aware of false breakouts.
I'm not sure of what trader intuition is. All I know is that you'll run into all types of situations that will tempt you to give a trade a little more wiggle room and that sooner of later it will cost you more than you want. Have plan going into your trade and stick to it.
People should learn options. Trading from far away from the current price with spread trading will make life easier than this 1980s day trading.
Good trade there, thanks for sharing. Good to close when you did, people can get so caught up chasing more profit that they can end up losing. Nicely set up.
so you basically risk $48,672 to make $424. that's 0.8% ROI. did you have a plan before you enter the trade? what was your stop loss if it didn't go your way?
don't put words into my mouth. i'm just stating facts. one thing i learn is there is no sure thing in the market. just curious if the op had a plan and a stop loss before he place his bet.
it seems like you did not track / monitor reward : risk ratio. and it seems like you are just being content with a meager profit. RR ratio ought to be better than say 3.
i actually traded xom today....thx to you. don't worry i didn't buy xom cause of you. i traded xom so many time in the past and it hit my signal today 10/8/21. if you have been watching oil stonks these last past weeks, you can see the trend that big money is moving back into oil company stonks. you may ask why? i don't care the reason. i just follow the money. watch and learn.