You got chopped up, are you going to deny that? witnessed it…and yes, alot of it was flipping positions in the middle of the night…you wouldn’t be swing trading if scalping were going well
I told you before to take the 1K profit at 4089 in your swing. You took a loss and flipped, and are now looking at 3K net profit on your short. Dude, take the PROFIT NOW! You went from 1K profit to 3K profit by flipping, and are holding short into the FOMC meeting minutes?!? Dude, gift horse in the mouth! THREE THOUSAND DOLLARS PROFIT YOU HAVE IN YOUR HAND! Take the money and run, you fool! Pardon my French, but you are fuking with luck. I'd post a video for that, but am not allowed to any longer. Think Gandalf in Lord of the Rings during the Balrog scene.
I think he was referring to leverage. If you trade 10 ES contracts with a 30k$ account you would have lost 100% of you account - OUCH. With a 200k$ account that would have been a 15% loss - NOT THAT BAD.
My first reaction to your post is "why are trying to swing trade a day trading instrument?" Try it with individual stocks you don't mind holding for much longer periods.
First, I should clarify that I got stopped out of the trailing stop and made 46 points. On second thought, I shouldn't have listened to @Overnight and left the trade alone. I think ES will eventually move down to my original target, which was 3950, and that would be another 57 points left on the table. Grrr
Just initiated another swing trade. This time it's a long @ 3988.50 with PT @ 4078.50 and SL @ 3938.50
I was thinking the same thing when this thread began... why would schizo think the grass is greener elsewhere? What reasons would lead to questioning the self-developed knowledge and processes of a successful trading style or methods? Mind-boggling. Honing and enhancing existing skills makes for even greener grass! And @schizo... be very careful of who you take advise from. Overnight has trouble trading his way out of a paper bag! Isn't he currently long and an atmosphere or two underwater right now? Im sure I'll now be attacked for not posting my trades or whatever, so who am I to call out anyone? Well tuff poop and boo-hoo.