I agree, demo or not, this was not a good trade. Still something to learn from if you're new. A stop in on this trade would not have provided edge here.
any number of trades placed without a stop amounts to the same "edge" namely... unacceptable just stop and reflect upon trading for a moment and count up the number of inputs that you have some control over.
Sure, you're correct, but then what is the point of this thread? Perhaps he's been making poor-expectancy bets and not experiencing any outliers. Maybe he's risking 2:1 at a hit-rate of 80%. All we do know is that this trade sucks balls and it was likely a trolling exercise.
Probably, but we still can make the thread educative/entertaining. Let's assume it is real, had he got out in the money with a decent profit and let a SMALL position on, that would be fine. He is still way too big and the market doesn't seem to be going his way.... P.S.: I am also curious if he can keep up the consistency about the pretense...
OK I'm sort of over this thread because since 12/3 Saxon has had a multitude of opportunity to scale out/down and reduce exposure. Problem appears to be a stubbren adherence to some predefined target. Its great when a trade works but at some point you have missed the target. We very well could get back down to 1200 before exp but at this point how much pain are you willing and able to take? At least no more whinning.
The whole thing is just an ego trip IMO. It's easy to impress 10K accounts folks with a 30/60 cars trade. It's a loser trade - he impressed the newbs and gets some sympathy. It turns out to be a winner - he impressed the newbs and becomes a hero. It pretty much sums it up.
#3 most viewed - Index Futures http://www.elitetrader.com/vb/forum...r=1&perpage=20&sortorder=desc&sortfield=views Should reach #2. Too bad for the OP but #1 is unlikely.
1217.25 was the low, so why the target of 1217? If it breaks by a tick, then the next support would suggest a much lower price. It went up 10 handles after hitting 1219 on the pullback, so not sure why you did not scale out at that point. In any case, best of luck.