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Well that was a quick, dumb loss. Out .98.

shorting .86, stop .96, target .40 EDIT rather stop .98

Moved stop to .86 and stop triggered to the tick, out for -2.

Shorted .84 on the break low, targeting .60ish, stop tight at .92..

I was reading "Trading in the Zone" and really took to heart Douglas's advice on "accepting the risk," which he defines as basically, not only taking on the trade, but also having complete comfort with the possibility of a full loss; IOW, no emotional discomfort from being shaken out, missing...

Which one you referring to, 15m or 60m (or neither)? Using "PB" lingo, were you a J16 guy?

Out at .47 for -22 .. that one hurts, because I saw the potential for this shakeout and tightened my stop to .60 initially only to move it way back. Now a good push back up looks quite possible as well. This same thing happened yesterday, and I knew that, and should have waited for a better...

Stop is at .48, just barely survived this push low, I fear a deeper correction or sideways movement may be impending. The ideal stop would be under .34 but I can't do that big for the potential I see.

Buying .68, target .20

Shorting .06, target .85 EDIT order cancelled

On a side note, where the heck is everybody?

Man, I was hoping for so much more than that on the break... looking for Y-high at 97.50.. went long on break at .94 and closed at .08 -- it may try again though and I will look to re-enter.

Here's my brilliant *cough* hindsight analysis. Actually, I don't think the long is a bad idea, maybe not the best, but not the worst either (I'm sure a couple of my trades today qualified as much worse!). From a bullish perspective, we were on the longer term channel line, there was a...

As long as it's quick and painless. :D

Remind me to shoot myself later.

Thanks bro-- By the way, when I post stupid trades or mismanage my trades as posted, will some of you guys and girls who are better than me PLEASE call me out and say, "WTF are you thinking?" I do need to trust my own analysis, but my analysis and ability to manage particularly will always...

Even in black swan type selloffs like 5/5 this year, there were pullbacks. I understand what you're saying though, the question of when to take profits and when to hold is IMO the hardest part of trading. When will it pull back? And how much? The answer to those two questions is the hardest...

I have to leave in 15 minutes and don't want to sit through a pullback, took profit for +6 at .79 when it hit the upper TL connecting across prior two highs... it looks more up than down, but I don't want a deep retrace to take me out for -30 and then a move up, while I'm not here... so I'm out...

In that example let's add commissions and make it 15% of profit. Your logic is like saying, "I'd rather make $50K a year rather than $250K, because I'll only pay $10K in taxes, versus $100K" ... I'd rather net $150K and pay 40% taxes, than $40K and pay 20% taxes--who cares how much I pay in...

Buying .73, stop .43 or so, target .18