It takes just a couple of those lucky plays to make some serious bad habits. I know better................... :eek:
yeah me too - it drove me wild as I chase 1 contract short all day (added to 17 other "swing" contracts) Used 10 point stop - it goes up 20, I jump back in with 7 point stop it jumps 15 - and again the same and now entered at 1775 with 7 point stop, lol. In the end I'll end up losing an extra 1k-1.2k in a 50k account, but the madness?!? NOT good for the psyche - and I know better than to chase a buck or two. Too much testosterone or something!!! p$ Had me up since 5:30 am locking in gains only to watch my them "swing" higher. <b>Still with a short bias,</b> however.
FRI. 9/12 9:48am dow -101 The mighty "Ball" is NEGATIVE calling for further WEAK Market action the morning. SELL ANY RALLY ATTEMPTS, SHE'S GOING DOWN. Rennick out
Well the 25-30 point drop from the highs for NQ - helped me to close those (mild but unwanted) short covering losses - Phew!! Stick to the plan G - follow the market, do not try to predict the market - even with <b>only 1 extra contract!</b> Your psychology is more important to remain intact than scalping an extra buck! pay$ <b>GO Ball!</b>
Unfortunately the ball is losing some street cred. Has had fairly poor performance as of late. Hope it turns around.