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Stopped out. Taking a swing trade short with a stop at 2671 and calling it a day.

Short 2647, stop 2650

Yeah, have had a bad run these past 3 days, can't really feel the market that well anymore and getting a bit frustrated. Staying out the rest of the day, might even re-work my rules and go back to the drawing board.

Starting to make a big descending wedge there on the 15 min. Retest of the low before the week is over? Short 2641 stop 2649.

It's never okay to add to a loser, since a loser is a position held beyond the point of where the trade idea should have been proven wrong. Averaging down is a different thing, since you don't believe you get the entry right at once, you split your entry into different parts, allocating a...

Enjoy and take it easy. All traders deserve to relax on the weekends :)

Had issues with AxiTrader using MT4. Trading the S&P500 CFD, sometimes the market would freeze for minutes and I was unable to get a quote or even close my positions. Obviously I am now going to close my account with them and find another broker. Anyone have any good recommendations for CFD...

Of course, the fund industry is all about minimal drawdowns, below average returns and as high fees as possible. The fact that most funds put more money into marketing than they do research, nothing else needs to be said. The fact that people still fall for that shit is ludicrous.

Stopped out, turned a winner into a loser. Need to take more profits when its that much in my favor these days.

Short avg 2583, target 2570 & 2560 Edit Half off at 69 Edit2 Added back same amount at 76

Thanks, felt good not trading much since I broke my rule of not trading more yesterday less than 2 hours after I told you I was finished haha! Enjoy your weekend aswell :)

Just did my only trade for the day, went short from 52 to 42. Havent felt much like trading but that one looked easy so I took it. Probably wont look at the markets more today, nice job everyone in the green!

This should only be true if you are better at trading one side than the other, otherwise it should only mean more opportunity. Some may say more opportunity to make mistakes, but if you are a trader that has a positive expectancy more opportunity should only equate to more money in the end. I...

Why would also trading short at the same time rule out the possibility of riding the larger long trade later? As I said, I am not questioning why you are long, it makes a lot of sense to be long in an index since they are naturally skewed to the long side. My question is more why you are...

Is your point that the market has big up swings during those periods? Im not arguing with you there, in fact, it is also what I try to do. My point is that you can also try to catch the big down moves aswell. Especially during 8/25/15 the market is swinging wildy up and down and not being biased...

I wish I had gotten punched in the mouth sooner. Im still a newbie but Im learning. Long from 2602. Target 2610. We are making higher highs and higher lows overall since the drop yesterday. Will it lead up to another big drop? The living will find out.

No, I have never been long only. I got bull blinded and over confident. And I still dont think I was wrong to be bullish, my big mistake was being over confident and not being weary of the correction. Sometimes you gotta get punched in the face before you think straight again. Maybe saying our...

Its funny how similar our trading styles seem to be on the surface volente.

I respect that, I am guessing since you are a trend trader, whiplashing is your enemy nr1. Dont you think that in this current volatility the probability of whiplashing is much greater? Do you simply just keep taking the trades as usual and just hope to ride it out until you get those big winners?

I dont doubt that, I am still interested to hear why are you so bent on going long when the market is this choppy and there are great opportunities in both directions.