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Here's another: It's important to have your exit plan in advance and never change your stop, except in your favor. Today I shorted ORLY @ 32.72 and it moved into the .90's where I missed a second entry to add to the short. If you were shorting at 32.72, where did you set your stop...

Hi NoDoji- glad to hear you had another profitable day. I posted these questions/replies to you in my journal, but they've gotten pushed back, so I'll post them here: ------- Thanks for your reply ND I have a bunch of questions at the moment- so forgive me for all of them- but...

Thanks for the links guys- i will definitely check them out- looks like I've got some reading for tonight :) this is also an extremely difficult period to pick to try and be successful in the markets... That's actually good to hear, because it explains a few things. Looking back at the...

agree with trading the direction of the market (to the short side), so keep following the indexes and sentiment of each day/week. other than that, try trading smaller, like 500 shares instead of 1000 of SPY with a wider stop. dont be afraid of the L2, maybe watch it to get a feel of how Price...

I thank you all sincerely for your posts. Please keep them coming :) "QT, You took the correct first step by putting a hold on trading(and losing). Alot of trades try to "revenge trade" and get back at the market....thinking the market is "out to break me"." I know what you mean! Yes, I...

Thanks for those links and your input- I will definitely look into price action and read the threads you posted ;)

Here's another: It's important to have your exit plan in advance and never change your stop, except in your favor. Today I shorted ORLY @ 32.72 and it moved into the .90's where I missed a second entry to add to the short. If you were shorting at 32.72, where did you set your stop? If...

Thanks for your reply ND I have a bunch of questions at the moment- so forgive me for all of them- but I do feel that I'm closer to "getting" this than ever before.. Do you see what's missing? You had an entry all set up, but no exit. You must know your exit before putting on the...

I was able to subscribe to your journal, by the way :) Oh great :) That solves that one I have two choices: 1) Change the stop order to a sell (or cover) order. 2) Place a bracketed order with a stop and target (i.e., I short @ 20.00, stop @ 20.20, target 19.60) I usually only use...

I use QuoteTracker- so far I havent seen anything that does that- but I'm not sure if the studies you are referring to are during live market hours. Thanks for the tip- i will look for those things you mentioned and see if I can get something similiar going ;)

Thanks for the reply ND- Quote from NoDoji: Hi QT, I tried to subscribe to yours, but it came up with a registration error. I will look into that :) Do you see what's missing? You had an entry all set up, but no exit. You must know your exit before...

Thanks for the reply ND- Thanks for that advice. I am going to look further into using actual entered stops. I avoided using them for a number of reasons: 1) As far as I can tell, at TDAmeritrade, I can only have one order in at a time. IE: If I'm long SPY, and I set a stop at say...

I like how your charting software points out the higher highs/lower lows, etc what charting software is that, and what do they refer to that feature as? I'm wondering if mine can do it as well- there's about 10,000 indicators in there, and I'm only familiar with a few of them

Hello NoDoji I've been following your journal for some time now and have been enjoying it. It has inspired my to start a journal of my own- becuase I havent been doing well lately and could really use a good critique. My journal is here...

PART 2 (I meant to post the original entry last week, but had to do it today due to a forum-related problem not allowing me to post.) So here's the continuation: After some time doing daytrades in my 401k, I got tired of only being able to do a couple roundtrips per 5-day period, and...

Hello Everyone- I am new to the EliteTrader forums. I decided to start a journal here in the hopes that I may get some help from experienced traders.. to possibly point out my mistakes and bad logic and get me on track. Last week marked a bad point in my trading "career" My...

Hello Everyone- I am new to the EliteTrader forums. I decided to start a journal here in the hopes that I may get some help from experienced traders.. to possibly point out my mistakes and bad logic and get me on track. This week marked a bad point in my trading "career" My...