Got back on the horse today and really glad I did. Woke up late this morning started watching the market an hour after the open and made 5 winning trades and two losers with 2-3 cars for net gain of $985.
Today was a zen like day. Even after the depression and crippling loss yesterday I came...
I'll bet you pat yourself on the back and reward yourself with a cookie each time you come up with theories like that huh.
I wish I had it all figured out like you.
It took me a long time and a lot of money to learn that the economy and the stock market have very little correlation in the short term.
A famous Bobby Fisher chess quote:
"Play the board not the man".
Play the market not the economy.
Thats spoken like someone who's been around the block. I've been trading stocks for about 4 years successfully and now futures full time for 4 months. I get nailed by an anomaly and told to get out of dodge. I was not trading today. Just being stupid and got caught in a squeeze. I've made way...
Exactly right I got away with it last time so I did it again!! I knew I deserved punishment. I'm ok with that. It was a bit of bad luck today was so strong.
The second I abandon my plan I cease to become a trader. I wanted to be long all day today but couldn't do it. I felt I HAD to make back...
Yup I am.
I was up $1100 trading 3 contracts of the YM yesterday. I was short at 13640 with a stop at 13650. I thought they were going to pop it before a dump at the close so I removed my stop loss planning to cover about 5 minutes after the cash close.
From 3 minutes before the close to...
Oh yeah... I forgot to never test your theories with an actual trade!!! They only work when you have no money at stake!!! I have literally been laughing about this trade all morning. Didn't know exactly how to play it just KNEW that every time it popped or tanked at the close the fade would have...
Never ever respond to any post I make ever again. You are total waste of space space and add no value to anything you do or have ever done. I'm sure you post to annoy traders and you do a great job. You should think about why you are alone in life. You have a repulsive being and personality and...
I would have guessed follow through would be 10 to 15 points above closing price in the most extreme cases.
This was a hell of a move but I'm wondering if it's based on a trade imbalance and why if that's the case is it usually so fadeable if planning to cover the next day.