It's so nice to be insane... No one asks you to explain... You're a little touched, you know, Duref Mudgins... (With apologies to Helen Reddy/Angie Baby.) (But, if it helps you trade better...)
Finally! Someone who understands! I'm still waiting for the receptionist to call with my therapy appointment time.
Was wondering how that came out, Red. What were you trading, if you don't mind my asking. BTW...I can contact the OP for you if you are grieving too much.
If it wasn't brilliantly proprietary, mind saying what it was? Entry and exit time and price? No offense taken if the answer is no. But I do so love to analyze other people's trades. My system flashed "Do not trade. Waste your time irritating ESignal 11 developers on ET." I love my system!
This one is not a good example but here it is LVS The battle field = Monthly S&R = 44.05...51.24 The trade was the back end of a swing trade that started on Jan 25th , scaling in more on the 26th / (off a double bottom â Jan 20 & 25) That I have been scaling in and out of ever since I had 500 shares remaining yesterday â after the close earnings came out (which I knew about) then price proceeded dropped like a rock â whereas I thought?? price may try and test the monthly high I tried to work my way out of it today â Thinking it would see some sort of bounce to 48.67 / 48.44.which I would have been happy at 48.20 I exited at 46.81 @ 13.34 pm â then immediately reversed on the small pullback and rode the bitch down Look at the monthly, weekly, daily, 30min and 5 min charts â it will be pretty clear The 30 will tell you why I exited at 46.81 and reversed â (btw if you look at volume on the 30 min you will see a decidedly lack of interest while the flag was forming (I know volume sucks as an indicator - but I've found volume within specific context useful) ) My method is not too complicated â I trade S&R â horizontally and diagonally RN
Forgive my comments, you can shoot me when we go to the range. Do you have a boner for LVS? Lose a lot of money there recently? Only way to get even? How bad can they be? They hosted this year's SHOT show. You ARE a gambler, gambling on a gambling stock! Why not gamble on something staid like I do: oil, gasoline, gold? But IF I had a boner for LVS and wanted to get even, it was a good trade, IF you expected good ironings. Attached is my daily view of it. I know it is goofy, but if the price is going up in dollars, euros, gold, and oil, it's a wiener! I have highlighted on my chart in blue the day you entired, a cool doublebottomy entry. My "green light go" system said to wait until the 27th, but whose nose? I am going to make you a side bet, you buy the ammo if youse loose, that ya shuddawuddacudda held. That's whut my system says do.
Bingo. I've been trading for a while. And have had some great runs, only to give large chunks back. I have a strategy that I know works. I've always known that I get in my own way....when I let myself trade without judgment (good or bad judgment) I do very well. When I over-think it, or get too high or too low emotionally after a win/loss is usually the beginning of the downturn for me. Luckily, I hit enough big winners to keep my account green, but reasonable consistency remained elusive. Trading is my sole income, so I decided to see a therapist (non-trader) who does mindfulness training and hypnosis. It worked for a little while, but did not last. Also tried NLP, which worked for a little while, but no lasting results. I ended up finally working with a coach who is both a trader and a very experienced psychologist. Huge, huge difference. He draws from a large tool kit, not just one or two apporaches. He's been around the block a few times. I have learned a lot about myself, and am getting more consistent as I continue to follow his guidance. It's a work in progress, and it is abundantly clear to me that when I don't follow his guidelines and 'forget' to do the work he gives me, it's usually just a matter of time before I take a big hit. BTW, my coach has strongly recc. that I stay away from ET. But sometimes I can't help myself....am I shooting myself in the foot here? I hope not. But as my coach says, "hope is not an edge".....LOL.