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Covered short on PPO at $49.11. Profit of $1.14/share. Still in UYG. As for position sizing I stated above I follow Van Tharps methods with risking ~1% per trade on average. I divide the $ amount (here ~$1000) by the stop loss to get number of shares. Look at one of my first posts in this...

I must interject here because my "tea leaf TA" has told me to go long on some positions and short on others. Both are currently profitable. So again,...its all in how you use your TA that makes the difference. TA is NOT BS if used correctly.

Oh forgot to respond about volume. Yes I look at volume but find that in today's market people are very scared and you can have substantial moves on light volume. If I have heavy volume moves I get more willing to risk more money on retracements. Light volume I may commit less. But volume in...

Just woke up from nap,...Futures EXPLODED. LOL. Guess my UYG will do well in the morning. Moving stop of PPO to break even in case it gets a bid up on this. Our methods do differ. I just ask because I started out trading breakouts and found that ~50% of them were false breakouts when just...

Well what my system is based off is that 3 time frames must ALL show a trend for me to trade. In your case of THI,..weekly looks to be starting a NEW weekly uptrend but daily & 60 Min show you MAY be a bit late to the party. However, as you know a trend is your friend until the end. There is...

Well it took me 3 1/2 years and about $30K in tuition to Wall Street University before I got to be profitable. Now I have enough confidence and stats to show that I am profitable. So I am using all my assets and accounts at my disposal. I just dont think I feel comfortable telling my...

Deaddog, I read your journal. I also reviewed some of your trades. It seems you had a number of trades that were due for a reversion to the mean and you bought shares only to get stopped out. Have you looked at these at all? I used to buy high thinking prices will go higher but now I do...

Thanks, I will look for your Journal. I thought you said a journal was helpful to you. Do you think I am wasting my time here as no one seems to be discussing my trades and it seems it mostly buy/sell orders as well? or is my Journal just too new to get much feedback?

I had the same dilemma when I first started. What worked for me may or may not work for you. I tend to be more of a rules based discretionary trader. By that I mean my system comes up with hundreds of trades a day but I filter them manually if they meet certain criteria. If you do automatic...

Yes,...sorry forgot to say. 1st target = $51.66 then 2nd target = $54ish (estimate 54.30). BTW, I always have a target if I do not mention it. I take trade only that have at least 2:1 Reward:Risk but usually they are siginificantly more than that. Deaddog, I looked for your trading...

WYNN stop hit but filled at $126.38,...essentially breakeven trade or tiny loss once commissions included. New trade....LONG UYG @ Limit $44.90 with stop at $43.28....Just filled.

WYNN short not shaping up. Tightening stop to breakeven at 126.44. If hit I will lose commission only. PPO short still in play and doing VERY well.

Both filled Wynn short @ 126.44 and PPO short @ 50.25. Stops remain where I set them.

Thanks

First 2 trades are SHORT WYNN and SHORT PPO. WYNN is O.C.O order with Sell stop @ $124.76 and $122.76 whichever comes first. Stop loss (buy to cover) is @ $128.17. Target is $107 PPO is Sell limit order at $49.38 and stop loss @ $51.48. Target = $42 then $37. If the PPO order is not...

Now that I have your attention. This is a Technical Analysis Trend Acknowledgment system (T.A.T.As...for short ...LOL) I have debated whether or not to make a Journal and I have decided to give it another try. I have never posted one on ET but I have on other forums. When I have in the...

In cash waiting for a break either direction.

If we break through 1270 I may do that. For now just small long positions and awaiting confirmation as we butt up against 1270 as resistance.

LOL,...your stupidity never ceases to amaze me. Did you even read or comprehend that post where I spelled out proper position sizing for you?,...Doubt it. So what of the "instruments went down further"? I am not in them,...I had a stop loss remember? They were also leveraged ETFS so they...

LOL,...mindless and hopeless.