225 death watch
- Thread starter trader225
- Start date
First of all, 1550 is resistance and plenty of opportunities were given to sell at that price. At the very least 1549.75 was very doable....that was about an hour ago, I looked again and 1550 was too much for the current bearish momentum so it's now back to 1548.25, not looking good.
I sincerely hope you can escape this trap you have created on yourself because this is method of trading is a one way ticket to disasterland.
If you can't resist buying falling knives then I suggest you do the following:
Buy 1 car at current price, and only add size as the trade reverses, confirming your prediction. This way your losses are small when you are mistaken and splendid when correct.
It's possible that you end up making money from this massive mistake but it's much more important than you learn your lesson whether you lose or make money tonight.
Good luck but this is crazy trading bud.
I sincerely hope you can escape this trap you have created on yourself because this is method of trading is a one way ticket to disasterland.
If you can't resist buying falling knives then I suggest you do the following:
Buy 1 car at current price, and only add size as the trade reverses, confirming your prediction. This way your losses are small when you are mistaken and splendid when correct.
It's possible that you end up making money from this massive mistake but it's much more important than you learn your lesson whether you lose or make money tonight.
Good luck but this is crazy trading bud.
I am sure this is another handle of the poster previously known as Trader28 it is the right time zone and he is I feel just setting you yanks up again while he plays his silly little games.
Think about it if you long and offside would you really start a thread like called "Death watch" and would you have a long position of such a size and comment like he does?
He has also done this before
Think about it!!