5min/1h TrendFollowing on ESTX50, SMI, & GBL

Quote from KS96:

GBL stopped out @ 01, -70 pts.
ouch...
More...
Playing countertrend is difficult. I have a friend always fading the trend.
After getting stopped out at the exact high/low a couple of times, he took the next trades without stops. Guess what happened...
 
Quote from Vince1:

Playing countertrend is difficult. I have a friend always fading the trend.
After getting stopped out at the exact high/low a couple of times, he took the next trades without stops. Guess what happened...
More...

I shouldn't be playing countertrend anyway,
it's against the title of the journal :)
Got caught with my pants down on this one,
due to the daily grind...

As I said, back to basics again. A few trades,
and I will forget the shit.

I am currently still in a drawdown of around $600
from my last highs (that was 2+ weeks ago).
The waste of time hurts the most.
 
Quote from Vince1:

Playing countertrend is difficult. I have a friend always fading the trend.
After getting stopped out at the exact high/low a couple of times, he took the next trades without stops. Guess what happened...
More...

In the end it is always a bet. You bet a point will be hit before another point gets hit. If you move the points you change the bet.
Trend or countertrend: Most difficult is discipline (and persistency balanced with flexibility).
 
Quote from me1969:

In the end it is always a bet. You bet a point will be hit before another point gets hit. If you move the points you change the bet.
Trend or countertrend: Most difficult is discipline (and persistency balanced with flexibility).
More...

Countertrend it's a bet against the odds though.

(btw, I printed a top. You can all short now with
no fear :D )

I am taking a walk for some fresh air, etc etc.
Be back in 1h+.
 
Quote from KS96:


I am currently still in a drawdown of around $600
from my last highs (that was 2+ weeks ago).
The waste of time hurts the most.
More...

Take your time. Do not force anything. If you have an edge time plays on your side. Everything has value and sometimes you have to pay in order to play and grow. (ok., now I stop talking like a damned know-it-all ... :D )
 
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