Thanks for posting another interesting chart. I don't mean to pry regarding your methods. I'm here to learn. When I traded it was purely discretionary driven by assessing three vectors - fundamentals (s/d) - psychology - technical. I was working at being a position trader. I stopped trading because the rest of life just got too much in the way (other priorities). I've been waiting for things in life to settle to a point where I can return. I had good money management skills but feel like I left too much on the table in my old approach. I want to become a good swing trader for now ;-). (perhaps not so easy or modest goal) BR/ FMR
It means that ever since you assigned special meaning to the number, you make it a point to recognize it whenever it appears. The mere act of noticing it adds gravity to your original choice to see it as important.
This is true. Most would agree that the markets are fractal in nature. As traders we walk a balance beam between heavy and light bias. Grounding comes only through experience. At any point (always located at the right edge of the chart) only so much can be known. Maybe that is the attraction? Clearly that is what generates the risk premium's which effectively fund the business. BR/ FMR
Milestone day. Account is over $1000. Up $40 on one trade. Had a good entry but exited too soon. Didn't get another good setup that I wanted to take. Still being cautious with entries. Once I can become more confident with taking risks I can start aiming for the bigger gains.
Years ago, I met someone who had taken finance classes with Richard Teweles while he was still a professor. He said Teweles made the point over and over that trading for small spec's was a "game of inches" not swinging for fences. Be careful how much risk you take on. Kudos for the patience to wait for your best set ups - That is key in building up your capital. As your account grows you can take less proven set ups. BR/ FMR