IncreaseNow's "Sell/Short" Futures Journal

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

  1. just came off a sweet SF trade and right before lunch (couldn't wait) went short the TF and Pow!...reversed and got spanked big time...
     
    #741     Mar 26, 2010
  2. TheMan

    TheMan

    how hard is "pretty hard"

    u cant take dumb trades

    u also cannot revenge trade

    this is a battle, you have to have a plan---- otherwise you will never win

    if i was you i would post your charts/trades so you can get some feedback---- in fact that would be the first thing i would do, if i wanted to learn something from others.

    you for some reason do not think that way, and i find it very weird.


    so whats it going to be?

    charts or no charts?
     
    #742     Mar 26, 2010
  3. TheMan

    TheMan


    stops should be based on PA

    not on a set amount per trade
     
    #743     Mar 26, 2010
  4. honestly, the charts are gone...I cannot access my trading platform over the weekend and the system clears it out and re-sets...gonna re-group and come out swinging monday morning
     
    #744     Mar 26, 2010
  5. so, you never take dumb or wrong trades?...never revenge trade even the slightest anymore?
     
    #745     Mar 26, 2010
  6. TheMan

    TheMan


    so you cant look at charts on the weekend?

    i dont have that data feed, as i only trade currencies-----


    someone post a TF 5 min chart for incy, then incy can mark the chart

    on what he did and then i can show incy what he did wrong
     
    #746     Mar 26, 2010
  7. TheMan

    TheMan

    i take trades that end wrong everyday

    i never take dumb trades

    i never revenge trade---- that is an emotional factor that you will have to overcome


    but i have a plan and you do not, and that is why i can do the above and you cannot
     
    #747     Mar 26, 2010
  8. PLEASE tell me you don't rely on a brokers charts for trading??



     
    #748     Mar 26, 2010
  9. You're not using 3-10 tick stops, so stop lying to yourself. Your 2 tick wins are probably taking 20 ticks in heat. You simply cannot cut your winners off on the first few positive ticks, it's insanity. Swiss is 1-2 ticks market and you're covering at what amounts to the spread!

    Trading one lots in fx is way beyond your comfort zone. You should be trading mini lots of 10,000 units to start. Watch how the majors trade and get your feet wet with 1-10k units.
     
    #749     Mar 26, 2010
  10. of course I study other charts but yep...can't access my trading platform over the weekend
     
    #750     Mar 26, 2010