So u weatherd an 11 point drawdown to break even on a trade? If you are taking profits to the tune of .5-1 points on average.. you are trading illogically. I'm surprised no one else comments on this. I am not trying to be rude or derail your journal. This is my last post on this thread... --MIKE
I think I know where you stand. I'm guessing that by your above post, you don't fall into the category of those "making consistent money every week daytrading." Also, I don't have to trade the way you think is best. It infuriates me that you have the audacity to continually lecture me. If there's one thing I don't do, it's debate my opinion. At this time I think it wise to reiterate something I said at the beginning of the journal.
May the Lord answer you when you are in distress; may the name of the God of Jacob protect you. May he send you help from the sanctuary and grant you support from Zion. May he remember all your sacrifices and accept your burnt offerings. May he give you the desire of your heart and make all your plans succeed. We will shout for joy when you are victorious and will lift up our banners in the name of our God. May the Lord grant all your requests. Now I know that the Lord saves his anointed; he answers him from his holy heaven with the saving power of his right hand. Some trust in chariots and some in horses, but we trust in the name of the Lord our God. They are brought to their knees and fall, but we rise up and stand firm. O Lord, save the king! Answer us when we call!
This and the fact that the tape was pointing up were the only things that kept me in Trade 2. I told myself that it at least had to come back to 1484.5. I should note that there really was no entry for Trade 2. I saw that the tape was pointing up and got in because I was afraid I'd miss out. Not the greatest of ideas. It almost seems like I was chasing the market, which in a way I was. I was under the impression that the fast up move would occur directly after the fast down move, not over two hours later.