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7/16: Open positions: SPY: $2,312 SH: -$594 Net for this trade: $550.64 (estimated dividend payment) $1,718.00 (net SPY/SH position) ----------------------------- $2,268.64

Cool. I am a fan of buying pullbacks. What is your exit strategy? Did you discuss it and I just missed it?

:cool:

I never feel confident on direction. I trade as if the market were random. It may not be random, but I cannot predict it. If I could predict direction I would just open a position in the correct direction with my entire account. Instead, I trade the S&P long and short (SPY and SH)...

So basically you are waiting for a retrace after a buy signal, correct?

I don't know, because price can reverse at any moment, so what if you define a breakout as x units and then price moves x + 1 units (confirming a breakout) and then immediately reverses and goes the opposite way even further? I've yet to isolate conditions where I can confidently say "because...

7/13: Open positions: SPY: $2,568 SH: -$660 Net for this trade: $550.64 (estimated dividend payment) $1,908 (net SPY/SH position) ----------------------------- $2,458.64

^ I just realized I made a typo in that post and it should say 7/12 instead of 6/12, and it's too late for me to edit it now.

Oh man we posted at the same time! See my post right before yours.

Good question. Let me answer it directly. I don't believe price can be predicted, but I still chart patterns for fun sometimes (outside of my actual trading). In other words, this triangle pattern I posted has no effect on whether or not I will buy or sell anything. Sometimes it's fun...

lol. WAIT UNTIL HUGE SPIKE IN THE MORNING PRICE IS PROBABLY GONNA GO UP BASED ON THAT CHART FROM YESTERDAY

Can you draw a pic of the box you're talking about using? I'm just curious. It sounds slightly similar to what I do.

Pizza and beer must be expensive where you live.

6/12: Open positions: SPY: $776 SH: $11 Net for this trade: $550.64 (estimated dividend payment) $787 (net SPY/SH position) ----------------------------- $1,337.64

lol @ people arguing over what constitutes a triangle and how to draw trendlines. Actually, the "how to draw trendlines" threads are some of the best when everyone is discussing how to do it. I know this kind of thing is subjective, so if you have a method that works for you, keep using it!

Not that I think price can be predicted, but hypothetically speaking... A trendline by definition has two touches. And if they last, they don't usually last past 3 touches. So at best it touches twice and then you can predict where it will go after it touches again (assuming price can...

What is a gaming trendline? Here I redrew it using the low of the 25th:

Here:

7/11: Open positions: SPY: $1,296 SH: -$176 Net for this trade: $550.64 (estimated dividend payment) $1,120 (net SPY/SH position) ----------------------------- $1,670.64 SPY closed 2 cents higher than yesterday and SH closed at the same price as yesterday so only the SPY position...

I am enjoying reading this journal. Question: Why are your losses larger than your winners? I'm not criticizing, just wondering. It seems like you have a bunch of +$50-150 days and then a -$300 day. Are you averaging down? Is your stop loss further away than your target profit? What...