I'm confused, where and how did you scratch it? You never reported an exit, and today should have been the day where you were perhaps moving your stop higher to lock in profits.
I didn't post the exit because I accidently closed the trade on my phone whilst in a small profit. I immediately reopened it with a smaller stop and that trade I got stopped out on. It was a complete mess up, I didn't post that I closed the trade accidently on my phone as it would just feed the trolls. All in all the exit was superb but I netted out zero and it doesn't count as a live call as the exit was not called live.
Thanks for the explanation. I find this thread incredible because in a very short time, the difference between real trading and simply calling trades has already been clearly shown. A few times now, some of the posters, you and others, have gone long with tight stops, and been stopped out. Clearly this doesn't happen when a person only makes some random statement that "its only going up". And now we can also see how technical issues, or fat finger errors also mess up very well intentioned trades. Now obviously its a very tricky trade, shooting for over 2500, given where you have to enter, as opposed to close to the lows of that range where you did. Thanks for the full transparency.
leaving this scalp running overnight happy to let it hit stop or target, likely expansion to downside in next few hours imo. sleep beckons.
Hey @propwarrior , I read this article and thought of you. Unless I'm mistaken, you're always saying that its stupid retail that is shorting every high and stuff like this. I never really had any proof against this other than doubting that retail traders have enough fire power to make much of a difference, even if they all shorted at once. But in the past few weeks as I read all these articles about how certain firms aren't doing so well, a common theme comes up, which is that they were short, and the author's always compare their performance to how the S&P performed in the same period. Anyway, my point is that there are very many firms out there that were short going into 2017, and here it at least one article that shows that. There are many more, and when you take a firm that has billions of dollars under management, well, how many retail traders does that account for if we are to compare the numbers? http://www.businessinsider.com/lee-...-usa-makes-no-money-in-first-half-2017-2017-8
aha. retail traders are currently 86% short the Dow. retail traders as a group are classified as a losing group of gamblers, sounds rough but that's just fact in the industry. retail traders as a group do not have the power to move price in any meaningful way and they are a subset of a larger losing group. Yes a lot of larger market participants will be short and in the long term lose, this defines the market as liquidity is cycled through it. it's a competition, not everyone can win, it's a negative sum game (that should trigger a few). In summary just because I have stated retail are heavily short this doesn't mean they are the reason that the market will keep rising. It's an indication given they are a subset of a larger group of losing traders. this book really has some great information on types of participant.