Rewind Back 15 Years

Discussion in 'Journals' started by padutrader, May 1, 2019.

  1. padutrader

    padutrader

    closed at breakeven
     
    #371     May 10, 2019
  2. themickey

    themickey

    A coupla days ago Padu wasn't trading for money he said, but today he changed his mind. :)
     
    #372     May 10, 2019
  3. themickey

    themickey

    :banghead: o_O
     
    #373     May 10, 2019
  4. padutrader

    padutrader

    yes that is true...
     
    #374     May 10, 2019
  5. padutrader

    padutrader

    maybe Brooks was right...do not trade M1

    you can put tight stops but unless your strategy is right .....
     
    Last edited: May 10, 2019
    #375     May 10, 2019
  6. themickey

    themickey

    Padu padu padu, at this stage of your develpment you should know with no shadow of doubt how to trade a system which you have honed to a fine edge after all these years.
    Every day we hear "I'm now successful" and 5 minutes later "I've gottanuther new idea..."
    Ohhhh, what the heck are we going to do with you....???
     
    #376     May 10, 2019
    padutrader likes this.
  7. padutrader

    padutrader

    i think that is the problem with discretionary have to be very careful with trades....like i did well one day trading .02 lot size
     
    #377     May 10, 2019
  8. Consider using a client position index to inform your trades. I've started tracking this information yesterday and you can see the % long (black) is almost directly inverse to the price (red). This is the hourly timeframe.

    cc @dozu888

    upload_2019-5-10_9-20-30.png
     
    #378     May 10, 2019
    padutrader likes this.
  9. Another recent example (blue line is % long, orange dots are price). See the trend is for people to go more short, yet price goes higher.

    upload_2019-5-10_10-31-51.png
     
    #379     May 10, 2019
  10. padutrader

    padutrader

    ult
    ultimately it does not matter if you watch clients positions or macd or rsi or porno....you have to make money.
     
    #380     May 10, 2019
    nooby_mcnoob likes this.