I'd like to become a better trader

Discussion in 'Journals' started by PO, Feb 2, 2011.

  1. PO

    PO

    It was a false break down and new lows didn\'t last long. The original trade would still be valid, had I been at the screen, but I was away from the screen and missed it. Pull back to 2300 was a second buying opportunity.
     
    #321     Feb 23, 2011
  2. Redneck

    Redneck

    BL,

    Once you get it set up – keep it real – please

    Also set it up with the same $ amount you have access to..., if you were live…,


    You know the mantra – practice like you play :)


    RN


     
    #322     Feb 23, 2011
  3. PO

    PO

    SIM long 3nq@2313.5 on break out bar, stop 23.09. target 2328
     
    #323     Feb 24, 2011
  4. PO

    PO

    stopped out. -$270
     
    #324     Feb 24, 2011
  5. PO

    PO

    congestion for now.
     
    #325     Feb 24, 2011
  6. Redneck

    Redneck

    BL

    Track price’s direction off this trade

    Did it end up being

    A false breakout – where reversing would have worked

    A head fake where you were shaken out – so a failed failure – and reentering in the original direction would have worked
    Or
    Possibly more room on your stop – careful with this one though (I would rather take 10 losses in a row, than increase my stop size, but I also know my optimal stop size for what I’m trading)


    Always know your environment – is it a ranging/ trending day… and how strong - and expect price to act accordingly


    I’m trading a meandering day, with a downward slant… for now

    Talk later
    RN
     
    #326     Feb 24, 2011
  7. PO

    PO

    long 3@2306.5 on break out above of the bar that made new low for the day. stop under LOD
     
    #327     Feb 24, 2011
  8. PO

    PO

    stopped out again. -$420
     
    #328     Feb 24, 2011
  9. volente_00

    volente_00

    Is this sim or real ?
     
    #329     Feb 24, 2011
  10. ammo

    ammo

    if you are going to trade 3's real time,then fine,but i think you'll be trading 1,so trade 1,work on entry /exit...enter on supp/res for now,your batting avg will go up and commissions down,master that and work your way into the middle ranges
     
    #330     Feb 24, 2011