Hooti's Journey

Hooti

Each time we have a loss, the “best” thing to do is move on to the next entry (trade)

Sans the dentistry..., or fretting over the loss (it's simply a part of trading)



Remember - every trade's outcome is uncertain

No need to linger on it... (only holds us back)



RN

 

Thanks for the advice, it is not always easy to move on, tho I was just joking RN....
no plans for being a dentist.
I have a relative who just graduated from dental school.
He will have extra cash before too long, I'm talking to him about trading and he is interested... after he gets settled in to the work, etc. He is far more interested in becoming trader than I am in becoming a dentist!

 

if you started those hand charts,you'll see 94 nip on thurs and 95.96 on fri,see if it holds for a high,it was a good short for the open

 

I apologize, my trading has been in abeyance.
We had a death in the family and I also discoverd I have an infected tooth and root canal coming next monday.
When it rains it pours. Mercy.
It was a hospice death at home. The hospice nurse said it was indeed a peaceful death. Nice to know.

Ammo, Saturday just before everything became busy here, I re-read the artical about the charting and set out my graph paper. I haven't actually begun, but I'm heading that way.

 

Root canal day.... *sigh*
but, maybe the symptoms I'd been attributing to the 'forever flu' will go away, which will help alot.

Since I'm not trading, I did work on the assignment Ammo...
did a few days worth of those hand charts. They were actually kind of fun. It did shift my thinking as I look at the data.

 

on a normal bellcurve with 1 nip,you sell the high or buy the low and cover at the nip,those highs and lows usually are found on a previous days nip,when it stalls there ,trade it back to todays nip attatched a chart, much easier to read on the hand chart

 

a 20 day cumulative with nip and cleavage drawn as pricelines denoting yesterdays high and low on the ym

 

Thanks ammo, working on it

 

So in concept

 

thats it,but on the double nip day you usually have a lopsided uvol/dvol and they sometimes extend, the normal bell curve is gravy for daytrading if there is such a thing anymore