tip: you can click on post number under each name to read all posts by that person and draw your own conclusion.
Its about T28 sending abusive racist PMs. While he does this I plan to keep letting people know what sort of Troll we are dealing with in T28. Same old boring flame tactics. And sadly he never put up an argument to counter, just a little new age anti-science babble. He is one weird guy. Not worth debating because he isn't rational. For anyone who might be interested in understanding Trader28 a few quotes might help. "Jesus was a kabbalist, like every other jewish rabbi/essene of the time, he'd be horrified by christianity" "The deification of Jesus (by a mad roman emperor) has taken divinity out of man, it is the greatest crime of organised religion to feed the lie that we are not divine, that god is something seperate, that we must feel guilty... it's a tragedy" "The fact that you are attacking me reveals your insecurity and that you dont really understand probability... as for the pipe reference... it is so old and hokey I actually feel embarrassed for you" ... funny how t28 always feels he's being attacked? "And once and for all if you allow emotions into the equation as you said you do then you are nothing but an amatuer, meditation and trading are acts of discipline, if you cant control your emotions then you are a perennial loser... but I guess someone needs to be on the other side of my contracts" "I know everything about you, I knew the minute you told me you couldn't control your emotions while trading, and then set about proving it in this thread" "You called down the thunder so it is a little late to piss and moan about the rain, trading is also about taking responsibility for ourselves and our actions, but if you must play the victim then also admit it about your trading so we can feel extra sorry for you" "Thats a very eastern centric view of meditation, a western occultist would disagree with most of that even though the basic goal and path is the same, for instance morals are an illusion from a higher perspective. Much of the eastern tradition has come to the west polluted with exoteric rubbish and is certainly not what the true adepts would be practicing. The entire concept of transcendence smacks of escapism when it is obvious we incarnate for a definite physical purpose" "There is exoteric Buddhism and then there are the Buddhist adepts of the inner school... milk for babes and strong meat for men" "Quantum physics is in it's infancy and barely understood by it's own experts, esoteric lore is millenia ahead of science, for instance the knowledge that the universe is an expression of the absolute's own awareness is thousands of years old, but only in the past few decades have scientists been heard to claim that the universe begins to look like a giant thought" "Science does a good enough job of misrepresenting itself without any help from us, the minute they can all actually come to a consensus on a theory it is superseded by another... dont look to science for ultimate truth... you'll just get another temporary theory" "And of course it is in it's infancy, have they explained the nature of reality? do they even know what electricity or gravity is yet? todays theory is tomorrows flat earth!" "I guess you missed the 122 page thread I started entitled simple profitable method that everyone keeps congratulating me on winners win... losers like to deflect from the reason they lost, like you did above" .... grandiose delusion? "come back again anytime you want your arse handed to you again... and ps... those sheep are for wool... not for lovin " and a few old gold quotes: "They warned me over at trade2win not to come over here, nothing but bad jokes and bad traders... should have listened" "I have never seen so many morons that couldn't answer a simple question... the bad jokes are obviously a defence to cover up the fact that you troglodytes simply dont have a clue" No more abusive PMs please T28. I guess my desire to leave you to your obsessive insanity isn't being respected so I'll keep coming back and letting everyone know why you were banned from Trade2Win --- maybe the moderators here will get sick of you too.
Well more of a re-entry if the MACD is already crossed, price will pullback, dip below the 3SMA then pop above again when it resumes the trend... but make sure you have a nice trend going
First trade today. A good example of why you should stick to your rules. Yesterday I wanted to hang with the trade but exited at 20 pts. and it ran up all morning. This morning I decided to let it run and it turned on me and stopped me out. I made 10 instead of 20. I know the 20 pt. rule is a pretty good one on average and I know I should stick to the game plan. This is where we new traders run into problems.
What just happened to you is why I always put my full position size on at one time and scale out 1/2 or 1/3's. At my profit target (based on some basic statistics I compile about typical swings in a given market) I pull off some of position and I reset my stop on remainder. The key to making this work is not getting stop too tight. I always place the stop on the far side of nearest tight "island" congestion (this would be just to left of your entry bar I think). If this scenario would make for too big a stop, then I just close the whole position at my target. I also keep in mind where we are in the day's range and how that range has shaped up. If it's early in day and we are still at less than 50% of recent avg range, I'll be much more likely to try and hold a portion.
Bear, believe me, I understand. For what it's worth, when I upped to two, my pyschology changed like you wouldn't believe. The fear didn't go up by 2, it went away. You might not have the same experience, but you might. I have been fortunate to interact with a true profitable pro, and his opinion is that it's almost impossible to make $$$ consistantly on just one contract. I've sort of come to believe that. It doesn't make me right, but my experience suggests it's true.
I agree. Its not by choice believe me. Im lucky I can trade at all. I started awhile back with $2500 and slowly worked up to $3700. Last month was profitable but this month got off to a bad start and I went back on the sim before I did any real damage to my puny account. I want to get to 5k before I jump up to 2 contracts. I am sure I will get there eventually but it is a slow grind. I just need to stick to the rules but I have a bad temper and it is hard. As soon as I get my confidence back I will go to cash again. I know what they say about paper trading but I take it very seriously and find it very helpful to get over the bumps in the road.