IncreaseNow's "Sell/Short" Futures Journal

Discussion in 'Chit Chat' started by increasenow, Feb 22, 2010.

  1. okay :p
     
    #141     Feb 28, 2010
  2. NoDoji

    NoDoji

    IncNow, something of great concern is that you haven't yet answered brocklanders' question.

    Did you place a hard stop? Mental stop? At what price?

    It's these itty bitty details that will eventually wipe you out if you don't solidify them from the start.
     
    #142     Feb 28, 2010
  3. on that trade...had a hard actual stop of 1 point for the GC...equals $100.00...not willing to do more right now...
     
    #143     Feb 28, 2010
  4. A buck in GC is noise. You need to be out at a dollar-gain if running a dollar stop. You will be stopped left and right.

    You realize that you're going to need to sit on your hands and not take plays that risk 5 to earn 1. Your timing on that trade was random. It seems like you're desperate to prove something here, which is a recipe for disaster, or at least a slow grind to zero funds.

    I would suggest you attempt to quantify your edge on each signal and run Kelly to determine bet size, or stop placement if trading one lots.

    To be honest, you should be terrified to trade the way you are. Random is not a methodology.
     
    #144     Feb 28, 2010
  5. Mav88

    Mav88

    but I want to to see him increase NOW
     
    #145     Feb 28, 2010
  6. Of course it's why this thread has so many eyeballs on it. The majority can't wait, and will readily admit, that they are waiting impatiently for IN to blow-out.
     
    #146     Feb 28, 2010
  7. Hopefully at 8:14 PM EST he is in bed getting his rest for live trading tomorrow.
     
    #147     Feb 28, 2010
  8. nkhoi

    nkhoi

    he who rushes into enemy fire gets shot - old proverb.
     
    #148     Feb 28, 2010
  9. NoDoji

    NoDoji

    IncNow, read this a few times! And then tomorrow take no more than 2 trades. Trade only the best setups, and use a profit target:stop loss ratio of at least 2:1.
     
    #149     Feb 28, 2010
  10. Mav88

    Mav88

    Doji just let the dude trade, he didn't start a 'help me' journal he made a 'i'm gonna show you' journal
     
    #150     Feb 28, 2010