Life Is Short

Discussion in 'Journals' started by realtrades, Sep 9, 2020.

  1. Chart?
     
    #31     Sep 16, 2020
  2. Poljot

    Poljot

    Is this loss due to not using protective stop?
    Better safe then sorry. :)
     
    #32     Sep 16, 2020
  3. realtrades

    realtrades

    Yes, no stop, the thing I worry about with stops is, being limited to 3 day trades a week, if I set stops I feel like I could get stopped out constantly, and my trades will be used up, but a stop would have been really good today, as I'm really hurting right now.
     
    #33     Sep 16, 2020
  4. Poljot

    Poljot

    You should not worry if you place them wide enough to cover the noise but tight enough to protect you from a big loss day. Place them where you think your trading idea has been invalidated. Some people use recent highs or lows, in your case that would be somewhere above the recent high, because you are short only.
     
    #34     Sep 16, 2020
  5. realtrades

    realtrades

    Maybe the Fed could cause the market to selloff here in 10 minutes, I could use a miracle.
     
    #35     Sep 16, 2020
  6. realtrades

    realtrades

    Keep repeating the same damn losing pattern, might be time to quit.
     
    #36     Sep 16, 2020
  7. realtrades

    realtrades

    Didn't even cover, swing shorts are so dangerous, what am I doing? Trying to cover here, but the after hour games have me chasing, loss growing bigger and bigger.
     
    #37     Sep 16, 2020
  8. realtrades

    realtrades

    So if I use this method of looking at previous days movers, then the short I have now, would be a candidate to short tomorrow, so I might as well hold, and hope that it pulls back tomorrow o_O
     
    #38     Sep 16, 2020
  9. realtrades

    realtrades

    If I get out of this alive, I will start using stops, mental probably, because I'm paranoid with hard stops getting run.
     
    #39     Sep 16, 2020
  10. which position do u hold?
     
    #40     Sep 16, 2020