LOL.. hmmmm.. either a man wearing a skirt or a woman with balls... I tell you.. once you taste the Futures speed of taking or giving you get hooked... I am on futures "detox" and stocks are sooooo sloooow.. Your first day of take it and run the best in my opinion.. profit and leave, especially in the current I don't know what to call it action.. The small stops will drive you crazy so bigger stops make sense but better have your trade location right. Small stops sometimes have an insidious effect of encouraging careless trades knowing your risk is soooo small. Big stop and you know the pain due is huge so you think better or... you freeze. Medium stop the best then?
LOL Hmm, interesting, coming from you. A day or so ago there was a discussion about averaging in, and I got the impression you had concluded "all in" was best for you. (???) Anyway, no matter. By the way I noticed your trade today was basically a fade of the ORB trade .... hope you weren't fading bighog!
Hey Rashid, I'm subscribed to your new journal and all the best trading to you! After many simulated battles I've come to the conclusion that I will patiently wait for my best entries and use a wider stop. If I'm putzing around in the doldrums, I'll trade small and use a tight stop. It works well that way for me with stocks, too. That's my comfort zone! (As for my balls, well, I discovered I had at least one this morning, haha!)
OK, I put on my first ES swing trade, 1 car short @ 1109.00, stop now @ 1107.50, but man am I itching to just take this $350.....
Such a clean TL break on NQ... Much messier on ES... One could build a trading strategy on this but the wait for it to build is intolerable.. The points come out of nowhere when least expected..
I couldn't do it! I just couldn't! This freakin' market's been buying up every dip at higher and higher lows and I HAD TO TAKE PROFITS! I covered @ 1099.50 (at the 20 EMA on the daily chart and a deep channel line overshoot on the 5-min intraday chart) for +$470.20, 960.60 on the day.