Search results

Man, I don't wanna come across as preachy, but ($3,353.50) is HUGE for just 1 measly contract of MNQ. Imagine you did that for NQ? It's always better to cut your losses at the bud when it's manageable, before it gets out of control. That way, you give yourself another chance and another day to...

But didn't you say you were LONG and you believe the market will eventually head higher in the interim? :wtf:

So you plan to hold indefinitely? Well, we might get a relief rally in the coming days since we've fallen so much. But that's still a bad habit to foster as a trader. Dunno how long you've been trading but you need to kick the bad habit pronto or you'll likely go the route of 99.999999% of...

First, I feel your pain. But allow me to state the reason you got burned. It's because you placed too much trust in the fundamentals and not enough on the chart. As I told you before, on countless occasions, those fundamentals are already factored in the price. Had you followed the chart, you...

Short 31 SL 64 If I'm correct, it should rally up to 64 and reverse. Believe me, I'm your trusted contra-indicator. ;)

I don't mean to pour fuel on the fire, but why the hell did you not bail out earlier? Or use any stops?

Stopped out, and that usually means it will reverse now. (You know what I'll be doing, right? :))

Gonna take a small long here @ 31 SL 24

One thing for sure is that we bounced off of the June low today. And guess what? There will be a MASSIVE stops placed just above today's high. So the key is to go up and gun those stops and we should be bolting higher.

Seriously, you and Volente must be bed fellows.

How are you coming up with these strategies? If you personally created the strategy and know the formula intimately, then you have a good chance of improving it. If it were one of those codes mechanically cranked out by a machine, then the chance of improvement is less than optimal. Bottom line...

Had this been 2008, your head would have been handed to you on a shiny silver platter already. Just kidding. :D

But most reversals in the past had similar looking candles.

Not sure what to make of today's semi-inverted-hammer pattern. Looks more bullish than bearish, but that remains to be seen. In any case, I hope they repeat the stealth rally again tonight. Very stealthily...under the radar of bears... :sneaky:

Out 64 +10 Enough flipping. :confused:

Long 54 +5

Short 58.75 +6

Today's action took me by surprise. I thought it was going to be a very bullish day going into open. Well, that was short lived. Anyway, I left the trade on without a stop and got hit pretty badly. Never trade without a stop, folks! I have had my fair share of revenge trading. Automation have...

Long 53 +7

Short 60.50 -4