Wonderful post yourself. :) As far as "This is where nervous traders grab their 15-20 ticks, call it a trade, then whine when it runs further without them." The first part did describe some of my trades on Friday. Being new to trading this contract and considering the volatility this last week...
I always use this example when I'm trying to explain to people some possibilities of trading futures. :) I tell them that crude oil spiked up to $147 in 2008 and then 7 months later sold off to $32 per barrel. If you shorted 10 contracts at the high and didn't even trade it, but just held it and...
Thanks for the monthly chart. Not quite as parabolic just yet as that move to 147. But if you look at it, that move looks possible. Will it make that move? Stay tuned. :)
http://www.elitetrader.com/vb/attachment.php?s=&postid=3112867
I've done that. But the reverse of that is a couple of times a while ago I had some bad losses and when I closed my position and then checked my account the losses weren't there. Then I realized I was using the SIM account instead. Can't tell you how good that felt. :) It was like God was...
Sounds very good. "backpacking with the scouts" sounds great. Brings back many memories. :) And as a result of that maybe, when I was in my 20's I spent a lot of time backpacking in the Sierras. Also fond memories. :)
I've been seriously thinking about creating a children's foundation portal...
Sorry about that bro. Damn. That's always tough to swallow those kind of losses. I was thinking about you several times in the last few hours. I had posted "Are we having fun yet?" earlier as I was having fun today and aim to. But I was thinking of you later and tuning in to the fact that when...
Hi :)
I really like the way you present your trades and I see you have the embedded video issue figured out. Just wondering if you use Camtasia to record the screen or some other software. I was recommending it to tlow and I didn't get a chance to see his response yet. I'll look in a minute...
For any of us, when we're on the wrong side of a trade, all the pleading, begging, pumping, rationalizing, explaining, etc. does no good at all. The market isn't listening to any of us individually. Doesn't care at all what we think or what we want.
Wishing you all the best. What can I say? Maybe someone will off Gadhafi over the weekend. Not looking good though. You have to be really careful making long term projections in this type of environment.
They killed a dozen civilians this morning...