the groupies convinced me..........nice is okay.....i give.......buzzy bee is winner............porgie loses contest........happy trading today.......could anyone give me one valid reason other than ego stroking to enter the trading contest? Just one and I will leave here forever.........?
So they were all long trades ? My personal advice is your stop is so tight the is no room for the trade to work and it seems like you are overtrading. How many of those trades would you have been stopped out on with a 20 point stop ? Also that chart you posted is an inverted head and shoulders that foretold the upward movement that followed.
Last trade was a sell, and I personally believe I'm doing horrible because i'm undertrading extremely. This is not my trading style and it's costing me big. If I would have taken the 25 trades in paper trades I had, I would have been up over 1k easily. Just have to find the balance.
Focus on what YOU did and did not DO. Not on coulda woulda shoulda. 25 trades intraday with 3 point stops are only going to make your broker money.
Stops are 5 points, don't know why they were at 3 points, I guess since CQG doesn't allow mechanical stops... I just set them tighter. On brighter news, on 4 papertrades with 5 point stops, I'd be up over 125 dollars right now on opening trading. Just haven't pulled the trigger yet. EDIT: make that 250 dollars.
Today is going to be a papertrading day. I already missed well over 300 dollars in profits from paper trading which I did not take. My fault. Still haven't pulled the trigger. Volente see, my trading method, I should be firing off trades at every opprotunity I think of, and not think about it. 5 trades right now, I'd be over 300 dollars. I just need to develop the courage to do it. Here is the chart of papertrades... needless to say, why can't I just pull the trigger. I just shorted, so I didn't mark the arrow yet, I'll maybe update the chart later.