Traders Gone Wild: Another thread got me thinking about the Wilder's, PSAR today. It was actually @murray t turtle that mentioned it. Hmmm. ***I would still have to wait on the trend*** ***stop is well defined*** ***playing momentum***
I am not really sure if mixing cranberry and vodka with your morning coffee on a trading day is a good idea or not. However, with enough sugar it does taste like cake! Short QM. Cover at 3:30 est if stop is not hit. I better set my alarm - just in case I pass out. (Paper trade under live, drunk-like conditions to simulate real world experience when suffering a draw down.) [48.95 is not the stop. My stop is based on the trendspotter indicator from barcharts on the USO]
Haha...I've noticed celebrating the wins and mourning the losses both have very similar outcomes when the bar tender says last call.
Wow! You are right. I had not noticed that pattern before, but it does ring true now that you have pointed it out.
It's a lot like leveraged trading. The bar tab is always the same, but it hurts so much worse on the down days.
Hey Johnny I see from your profile pic you made enough trading previously to buy a laundromat (which is cool). Why are you not trading those options now?