This statement is as correct and useful as saying "buy a stock and sell it at a higher price then you make money". I have a system (whether it's good or not I don't know, that's what I am trying to find out) and it says I should trade with a down bias. Is this not what the market is giving me? Either you are talking at too high a level or you are assuming I haven't read 5,000 trading books.
All advices are welcome and subject to discussion. There is nothing personal. However, we do realize that comments like and and are more valuable than comments like "don't overtrade" or "trend is your friend".
The market was expecting good initial claims number and got good number. Not much reaction after the release. Waiting for leading indicator.
Cannot see leading indicator number but from the market reaction I assume it's good. Getting close to my stop point. Will honor it and stop somewhere in this area. Prefer not to do it on a day with many economic reports. Friday seems a good day for this.
If all you can offer is some rules extracted from the 5,000 trading books, I will not respond. If you post harrasing messages, I will not respond and will ask the moderator to remove your message. This journal is primarily a record for myself. Secondarily, I would like to attract some intelligent and unique insights, ideas, and experiences for discussion. If no one can offer anything valuable, I wouldn't mind being the only one posting on this thread. Do not waste your time if you don't have anything intelligent to say.
What one needs to follow my thread is patience, lots of patience. What you will not see on this thread is pain and frustration. If the reason you read journals on this board is to find bigger losers so that you feel better for yourself, you can skip my thread. I am trading with a small percentage of my assets, as a result, you will not find what you are looking for.