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in DOW long .... managing

Ok. Back at it today. Time to put some new money in the account. I looked at yesterday's trades and outside of rn's observation about time of year I couldn't see anything I would have done differently. All charts have been noted, captured and journaled.

Very interesting. I didn't think of it like that but I certainly agree that it is how my stocks are moving.

As I wrote that I got stopped out. 5 losses. All small and according to plan. Will be reviewing them EOD.

Active day today. 5 trades. 4 losses. no big deal. In one now. Holding until the plan says to get out.

Ok....... So back on the journal track then. I have my stocks and charts marked up and planned for tomorrow. Let's see what price has to offer this week. Trade well Rn. Put some new money in the account , hopefully not mine :). If it is, no hard feelings.

There is no right or wrong answer to that but I use simple price action and have guidelines based around it that I am comfortable with. From your last few posts it doesn't seem like hard stops are easy for you. I mean this in the nicest way. You are spinning yourself in circles and don't know...

I'm unclear with what the issue is then?

Bd I don't see a wedge on the chart that you are speaking of but then again I don't have the same view of the market as you. That's ok though. Again I would really reread rn's last post and every one before that. It was a game changer for me .

Bd I really think you should read all of rn's posts starting with the one he just did. Really study them and understand them. I'm not avoiding your question but it's not the part needed right now. Rn s last post is too important too dismiss.

I don't use points or cents. I use price action to tell me where my stop, exits and management are. Really basic price action. I don't think about what I want the market to do. It is more about take what the market will give you and don't let it take from you as best as possible. I used to try...

BD These 3 traits are good that you identified them. 1. No accountability My experience- Needs to be a full 180 degree turn around. You need to truly understand and believe you are 100% accountable for your own account and trading. At least for me, I found that it was not even an...

No problem bd. I look at my plan as the only way to give myself orientation as to what I am actually doing. With out it I am just floundering around and wasting time/money. Another note - I have had and probably still will have tough times in trading. I have found my passion for the markets...

Noted my friend. I feel the same pain I used to feel about losing money as now that feeling comes on if I divert from the plan. Keeping to the plan is almost the same feeling as having a winning trade. I'm not sure if this message conveys what I am trying to say.

There isnt enough time in the day left to give me a setup. I know RN has his eyes open on one now so hopefully it allows the beer to taste better tonight. This week just didnt offer a lot of setups. Lots of close calls, but my oddly peculiar rules kept me out a lot. The week was modestly...

Bd I learned not to get too excited about 1 specific "ah ha" moment. I lost money in the past by getting over excited. Trust me I know the feeling. I have found thus far that it is a culmination of a lot of little moments and not one big one. At least that's how the road ha been for me.

Same to you

MA gave a picture perfect short today. It was the only trade I would have taken if it wasnt out of my price range. Some other close calls but no trades.

Same to you. That whole page of posts by xspurt is great. I like that chart on the very last post he made on the page. I actually wouldhave probably missed an entry if that was a 5 min chart. Regardless it looks nice.

Ha. Sounds good