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Thanks Satchel for your understanding. Let's let it play out a bit longer. That is exactly what I meant.

Riffraffpatrol, You finally mentioned an example of a black swan example or one that you can think of. I looked up the chart for SP500 5/6/10 Flash Crash by Google. It just looks like a severe overshoot. Of course, it corrected itself later as it went back up to a point below where it...

Thanks Handle, It was too choppy. I kept thinking that after it finished its move down, that it was going to go back up. It was making higher highs and lower lows at the time. I got in trying to time its move up after it just finished going down. You've made a good point about fading the...

Why are you the most negative guy around? You're pointing out another FALSEHOOD. My biggest pet peeve is someone accusing me of doing something I didn't do or exaggerate something that I did. It's highly offensive. Rarely do I get out with .01 on a trade. When I do, I note it with an...

I made this as an exception for scalping. I don't post positive results often as being important. This shows where scalps can help. Scalping out is not my goal. Bad trades are generally shown here as negative reinforcement for learning. Here is a scalp that saved me. Had I not scalped...

Here is the -100 loss trade of the day. I didn't use the signal bar as a support stop. It came real close. At -100, I took the loss as I didn't want it to go any further. The lesson here is to not use a large signal bar to get in on a trade. The support held. As the pullback can go a long...

I have to disagree with you here about this. Information always shows up on charts first. News means nothing. News shows up on charts first as long as you're not holding over night. Charts first.. News later. You make trading sound so easy. It's not. Just sounds like you use completely...

+4 One bad trade. I was up early so I was being more aggressive. I gotta run now. No trading for the rest of the day as I have to attend a gig. Will post the chart of it later as well as one of a scalp that saved me. Bought 118.10 10:11 Sold 117.595 10:15 It did turn out to be...

Zr1Trader, I appreciate your advice here. My stops are .5 to 1% of my equity as I've mentioned. I don't hold overnight. I've done it before and learned the hard way. My biggest loss have come from holding overnight. The last time I did it was last week was that I had a hunch based on the 1...

I recall halts being done but not until it was well into a trend like some down move. The news hits the charts first. Nothing is impossible. So since SPY is not one stock of a company and being an ETF of many, there won't be an intraday halt? If I went to trade the SPY instead of GS, I would...

I can see if a small cap stock will go down 25% in a minute but it won't do that with the SPY or GS. Most of those are all computer driven. I've seen random gaps in prices that come out of no where but they always get corrected from what I've seen. That's why if brokers want to dump shares...

Just curious in terms of a black swan event, what's the most slippage you've seen for a stop market order for a stock like GS or the SPY? The most I've seen so far is 0.10 and that is usually in the early morning. I don't have as much experience as some others here but I definitely like to see...

+40 Not much to report on. Opting to get out with a gain today. A lot of overlap which I'm trying avoid. Bought 116.10 Sold Short 115.57 Bought 116.22 (100)* Sold 116.16 Bought Cover 115.50 Sold 116.35 (100) Sold Short 116.48325 Sold Short 116.39 Bought 116.80 Bought Cover 116.45...

Riffraffpatrol, It's been said before. Generally I do 200 shares. Sometimes more, sometimes less but generally 200 shares. Like I said, I understand that I need to hold longer. You mentioned that I even talked about it. Again, I need some breathing room first. It's barely above 25K...

Thanks for your hard work.. you're right.. the losses need to be controlled. A -35 loss is ideal. Not a -75 or -90 loss. You guys all make valid points here. I'll take good note of them. I will wait next week for a good setup... hopefully. LOL Funny that your first chart looked like...

???? I don't get it?? Isn't that what I am doing already?.. 0.5-1% of 25 K is 100-250. 100 is the max I would be willing to lose per trade as I have said. None of the trades exceeds 2% of my capital in the account. I don't have any trades beside one that I held over night for a big loss...

Well said.. one large gainer will make up for all my gains all week. This last week was a rough one but I did end up in the green but only slightly. My estimate of the big losing day was over estimated. I should just wait for it. That's one of my problems. I'm really impatient about it. I...

No need to get upset over this?? I understand what you're saying about the risk/reward ratio. Some trades don't have that. Some days do not offer a high reward to low ratio (ie trading ranges where you have to scalp out). Not everyday is a trend day. I often do scalp out because I do not...

I really considered going short on the setup to the EMA like you said later on but I just couldn't change gears fast enough. I thought for the day that it's going to go down again later too but for some reason I just thought it had to reach its measured move which was tunnel vision. Gotta set...

You have some good points. The problem for me is that I can't seem to wait for it. Often I can't tell if it's going to be a all day trend or a trading range day. The guessing is what makes me lose. Sometimes I get stuck in thinking that the pattern has to fulfill itself and can't reverse my...