My hypothesis is that the FTSE100 will revisit the 6800-6820 area longer term to 7000. I will be looking for dips to buy on 15m/H1 timeframes with solid risk management.
oooof thats why you don't FOMO trade. NG flushed hard like a stale turd. I still think there is an opportunity to ride it up to 26.00 but it needs to stabilise first and be a solid dip setup.
cutting for a 23 tick loss. will sit on the sidelines now until it shows me is still on for the long. this is where you must listen to what the market is telling you, it wasn't ready to go up. a losing trader mindset here would be to let it run into a bigger loss or FOMO into another trade...
I love small cap, so many opportunities, as long as there is enough volume to get in and out I'll trade it. Another thing I really like about small cap is many of the plays are uncorrelated to the overall risk flows. small caps are inefficient and that gives opportunity. That said I will trade...
my experience tells me shorting small cap stocks in a bull market is a bad plan. your loss is unlimited. The 10%-30% ROI from a bounce is where the juice is.
over the years I have had my fair share of headaches and upset stomach due to trading. It took me so long to break that loop. I learned a lot watching traders with larger accounts. one guys had finessed his account up to 500k, if anybody asked him for advice on a position he would normally just...
here is another opportunity. Daily NG widow maker futures. I am not in this yet, I am looking for shorter term buy opps with a view to price moving back to $3. Again very volatile but price is so low you have firepower to get out of trouble if needed. definitely an adult swim this one.
anything can happen. this is why my exposure as a % of my liquid is low. It could drop to 80c and I would load up on the sucker. there is a very small chance the stock goes to zero. watch me bank, might take a while but coin is coming. bear in mind I have zero emotion involved with this trade...