Yes, revenge trading is a big problem. I have decided on 1 trade per time period, and if in the morning I have lost money to wait till the next time period to trade.
hey there..please do explain more your 1 trade per time period strategy...what is defined as a time period?...meaning 9:30-10:30am new york time etc...thanks
has anyone ever felt like crossing a $$$ level threshold in their account would be key...in that it would be more "relaxing" to trade with that much in their account...I am about to cross a $$$ threshold in my account that I believe is key...whether it is: $3,000 $5,000 $7,000 $10,000 $15,000 $20,000...differnent levels give a different sense of "confidence" when you hit them in your trading account...thoughts?
Well whatever works for you. Thats what counts. I agree with The Swordsman. You should change the Name to "All I want to do is keep trading until I make a few dollars each day or until I blow up."
I trade what I feel comfortable with. By the way, stock is already future. As you may remarked that when a company reported its quarterly result with big earning but its stock price went down. Why? Because the outlook (future earning, not the current earning) is bleak.
ONLY TOOK 1 TRADE TODAY!!!!!.... Does anyone "HIGH SPEED" trade the CL, QM or ICE Brent Crude Oil? ...I am very thankful to have netted $440.00 USD in 1 ICE Brent Crude Oil trade today (July 31)...the trade took approx :25 seconds...no hype or anything...very thankful for the profit... It seems as if the best contracts to HIGH SPEED trade per 1 contract are CL and ICE Brent Crude Oil...and perhaps the DAX?(not sure about the QM mini Crude Oil)... Thoughts and experiences?...also a preffered timeframe to do this?
Go for your dreams, but I've made a lot of CL trades, many go against you for no reason that anyone will ever figure of. High speed taketh what it giveth. You should explain at least to yourself why that trade worked. If you cna post that reason, even better. If you cna state why, then you didn't know why you chose the entry and didn't trail to the maximum profit. Be careful out there, the number of contracts are thinning out and 50 cent changes happen in just a few prints.
Bad typo, if you cannot state why you chose the entry was my intention. If you can't state why, you got lucky.