the last downtrend started with the first day of 2008. that was a trigger and that trigger activated even the most shy-to-cover mechanical systems.
from that point the dow's been plunging. it's clear why and it will be plunging still because positions do not fully unwind. it takes time and...
donna: i only trade fx futs and scaling in is my way of operating. i have left feelings behind some time ago. i was just telling what i would do here. i have been watching for a meltdown as a mean of entertaining myself :)
ok, maybe i would wait for a swing low to form on the dow and then...
if you ask me, i think a trader does not have time for a blog and recorded videos...
but again, that's my opinion....
i deleted my blog a while back. it felt useless. :)
the humiliation will not go away... not to mention the pain.
donating will only make him feel bad.
you have to let him be and if he learns something good, if not, well, here goes another one.
and what? are you going to play an "maybe rally" scenario ???
Does it really pay off!? I don't really think so.
Just sit on your ass until there is a topping out intraday and that's it. go short.
geez
i think most longs have lost their common sense. if this is a chart to go long (even if it's daily and you are acting intraday)... then i am speechless and you who lose your shirts, you surely deserve it
yes. because there, on a longer timeframe, the real factor comes into play with a heavier weight. YOU. YOUR LIFE, YOUR INCOME, KIDS ETC. You can't break even on a yearly basis ...
good observation
:confused:
everyone would pass those tests. everyone knows what they are puttin up against, only they don't want to accept the risks.
it's just like trading....
no. that's averaging down. stay away from that.
when buying, you buy ever higher and when you cover you cover most of your accumulated position at once and let a small fraction run just in case.
Put it this way...
How would you like to risk just 50% of what you normally risk and pull out twice as much as you normally pull out...
... and here is another bombshell: you exit faster than you would normally exit. now this has got to be some shit! :)
scale in people! scale in!
i do use candle charts but only for the appearance :) i find bar charts a bit dull and there is much more clutter because the space between the bars is smaller than the space between candles so swings are easier to spot for me ... :)
Money management and the interaction between price in...