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I hear you RN, respect your stance and understand where you're coming from.

thanks VPhantom. you cut your losses quickly on that, so that's the main thing. I wonder: would others such as RedNeck or Brian or Turvey have taken the same trade long that you did? If not, who's right? Maybe no one is right and it all varies with the trading plan? I have my own view but would...

First, great chart annotations, make it a pleasure to read, so thanks for that. Did your plan say that trend was up at the moment of your long entry? Or does the short term trend not factor into your thinking? If you don't mind me asking.

Re the quote above, "Soros' trading ability"... It's interesting to see this highlighted, since most everyone thinks of GS as really great with understanding the fundamentals and then some. But even his son said that a lot of the returns had to do with raw trading ability. Brings to mind the...

cool RN. Interesting that you don't have your stop behind the previous swing high, looks like you play it very close to the vest. Good job keeping the losses small. Seems like the guys who thought double bottom against earlier morning lows were the cause of the spike.

No wouldn't want to do that :-) I think we can learn from the losses, after hours. Regardless of whether they are with the plan or not with the plan trades. Sort of why I started the thread.

super strong intraday uptrend right? 60, 30 min trend is up, and loks like consolidation right now. You expect a deeper correction?

bump

Hi Brian, Would you consider posting some of your losses with a chart to the "Losing Trades Archive" thread? Would be great to keep the thread going. If you're too busy, understand completely.

no need to apologize, appreciate the post. That makes more sense, i.e., having some kind of framework in mind before applying the tool. What I like about the forks is that they allow for entries that fly in the face of typical TA... Any other losing trade charts to share?

I think we learn a great deal from our losers, wouldn't you say? Thanks for sharing some of yours, look forward to others chiming in.

You a Tim Morge follower? Never understood the rationale for objectively drawing the fork lines.

I like how you kept the loss to a minimum and then carried on calmly. Must have been at least a good 4:1 on the 7:25 trade, very nice.

Hi Handle, I feel your pain on that one but like the Tom Basso approach re 1 in 1000. Very nice using the calls to hedge your bullish spreads. Let me ask you this, if price hadn't moved down, where would your exit have been? Would you have trailed your stop higher?

Brian, If you don't mind me asking, on the trade3, were you taking the break of the trendline because trend was down for you?

Thanks, got it.

Brian, thanks. What days was this? Can't identify.

I follow you, good job on staying with your plan. And Happy Easter!

Hi stillgrinding, Nice job on keeping the loss small. Did you try again a bit higher around 50 and change? (around 11 am)

RN, Meant to ask, was this a "with the plan" trade that you would do again?