Recent content by ziyan

Still have not learned my lesson apparently. I went against my word and allowed X to chew against me for the morning up to the highs, costing me a total of $510 before bailing right near the top. At $27.83. X then proceeded to head back down & closed the day at $27.47. The importance of...

Hey traders! I'm very disappointed in myself today. Got caught up in my analysis and forgot to firstly be a good trader. Trades: 09:50 -- Shorted X at $26.98 and held on for much too long. As you can see, I stupidly did not wait for any signal whatsoever and hastily entered a losing...

Hey everyone! No trades today again, just regaining my stride and watching. My short bias is still in place on X. Today's trading range did not breach yesterday's highs and lows. If the market does not turn over in the next 2 days, however, earnings will be upon us and I will not be...

Back to work today, fellow traders! The line-up for this week includes CHK - Looking strong all week on the dailies, looking for a break of the high established back in Nov. - Daily EMAs look strong - Was an idiot to sell the retracement 2 weeks ago FOXA - Looking for buy signal on dailies...

Okay, so I was wrong about the "market looking strong" yesterday. From the 1.5+% drop in the SPX, we see that there is clearly some weakness. I'm wondering if we will test the support at 1837.50, which was the low of the week, coming off the highs we made last week. Judging from the fact...

Entered WU yesterday, 4/8/14 at 16.05. Market looked strong today on the close so I left it open today at 16.40. Made a stupid trade in CHK today, entered at 26.07, watched it make a high at 26.34 and saw it break 26.20 so I sold it to cut the loss, only to watch it go back up and...

Good day, fellow traders! For the next six months, I will utilize this blog as my public trading room and here I will document a small segment of my path to consistency. I am developing a mechanical trading system using: - 3 EMA lines mainly on the - 30-min chart for US equities with...

Quantopian.com has a great online backtesting platform and provides you with plenty of stats. But you need to know how to code in Python & their timeframes are limited to days and minutes last time I checked. Still worth taking a look though.

Thanks everyone for the amazingly informative pieces of guidance. I've since tried out many of the suggested techniques, including entering on a stop, and setting a wider threshold for my stop losses. More importantly, I think the hardest thing for me to pick up is to know the difference...

I'm guessing that a gigantic weakness I have is that I try to squeeze every last penny out of a trade... and then balk to hit the sell when it goes against me... hot damn I'm such an amateur :( I suppose the intra-trade jitters and greed are like a novice set of problems that lead to a...

Thanks everybody for the insightful replies. I'm gonna look into the buy-stop orders, maximum adverse excursion, and for sure the trade targets, money management, and being real about my trade objectives. For runaway trades like this, does anyone have an opinion on whether it's better to...

Hi all, I'm still a novice trader. The market has been very good to me for the most part, but I keep getting shaken out of highly profitable trades prematurely (2nd straight time this month). I use discretionary stops based on daily profit loss percentages to around 2.5% (?which is...

Thanks to everyone for the replies. The discussions on this thread has given me a lot to think about, especially the importance of being flexible. To Dustin and piezoe: I sort of wish that the firm could do more to formally train me and show me the ropes, but I thought this trial by fire deal...