What you do will determine what you get, if you do nothing, you will get nothing, if you do something wrong, and you are wrong, then you must change the situation so that you can be right! J_S
I hope this will help some of you and I feel it’s something that’s been long overdue on my part. This is my first post on ET (been a member since 2010). I want to say thanks to nysestocks and everyone that’s contributed. Thank you for both the positive and negative posts as both were needed. Without this thread I do not believe I would have been able to figure out what I needed to know to make money.
No SC, I was talking about something that shows 1888.25 was/is a key level to watch.! Was/is as it will obviously change as price moves! Note how IB charts can accurately show the price level on the chart, unbelievable for such a large broker J_S
If aapl breaks to the upside then this person will make a nice few $$ at $200 a tick..but it needs to happen fairly quickly, as they will be worth nothing tomorrow if no sizeable rally! J_S
As you can see from the model price, the aapl options mentioned are worth nothing, but if aapl does a nice rally, which is unlikely, then that person will be smiling, if not, then the money risked is obviously gone. J_S
And yet why you "didn't get it" in the Pullback/Reversal thread is beyond me. Because it was essentially the same question: is it a reversal or a pullback? If pullback, you buy; if reversal, you sell. Don't worry, I won't hold it against you.
Another take on control SC, as I believe it really is very important. Some useful information. I have an idea of how he came up with the 3R's ! When you read the last few pages about breaking bad habits, here is one for bad trading. If indicators are causing you to lose money trading, then get rid of them J_S http://jamesclear.com/wp-content/uploads/2013/09/habits-v2.pdf