First: What goes up must come down. Should take a breather so if I do not have a position I will wait and see. If I do, I will take profit. Second: Taking a breather, so if I am not already in I will wait and see. If I do I will also take profit.
I don't know where the two markets are heading, up until now they have been moving up, but tomorrow is another day and anything can happen. I would not enter a trade in neither of them at this time.
I see your point, there is not much to delete as the only things that I keep are snippets from this and few other threads, for the rest I have a clear enough picture of what I need to do to move forward and it is not in any text book (I think, since I never read any). As I said in my previous post, I am working on doing what I need to do, being that taking a profit or a loss when I see that it is time to do so.
As for RN I guess he got fed up of all the rumbling and fighting in the forum by so many people with the truth in their pocket...
the 2 charts are completely different..first is clearly going up for now.. second has stopped going up..so..if you were prepared..and not thinking silly and ridiculous things about nothing..shorting the down break was an obvious play!
not to make it sound too easy..just in case some fools decide to start throwing away money trading the ES for a few ticks..it really does require a lot of trading experience before the mind fully grasps what really makes the difference between winning and losing it is like all other areas of our life..we neglect the simple things that can make a big difference..why..well..it really has a lot to do with habits..as changing a bad habit is far from easy..as we all know only too well you need a catalyst..some very strong reason to make you do something that you currently find very hard to do..once you find it you will know..as it can allow you do anything..within reason and ability of course..give up drinking or smoking overnight..stop fooling around with women..stop wasting money on silly and ridiculous things when other things are far more important.. some call it faith..a new understanding..a new found love..whatever it is..as long as it works for you and gets the desired results.. you can call it what you like
Inherently, the market is competitive. Someone has to lose on a trade for someone to win. In most cases.
an edge is not something you find..it is something you develop..as a result of many experiences intuition is an edge..but unless you know about how intuition works..and then learn how to make best use of it..it will just become more dejavue moments!!! making money is easy..just buy and sell..but if you don't understand why it is you win..and lose..then you really don't have a clue what you are doing..how can it be any other way!!
most experienced traders know when they should bank and when they should cut the key is actually doing both in real time without hesitation. Losing traders tend to hold for the moon instead of banking at key points after a swift move in their favour. They also like to hold onto losers and revenge trade. It's a tough game to master. Covering up the open PnL can help as long as risk management is solid and it doesn't become a head in the sand mentality.