Quote from AA48:
Hello Geez,
thanks for your reply....If I can comment on your yesterday's trades,I would say that if you had wait for the violation of the daily bars' low and then proceed to work in the intraday chart,you would have avoided all of your losses.
Anyway,mistakes occur from time to time and I believe that the lesson market taught all of us yesterday was more valuable than having just a few more winning trades....And the lesson is :first,a strike of losing trades can happen and will happen....If you keep your losses small and respect your risk management strategy,this losing strike won't hurt you much....
Geez followed his plan yesterday....That is very very important....I am sure that a winninig strike is waiting around....Geezs' system is fantastic and it has worked very well till now.Losses are a part of doing business.I am sure that,starting today,winning trades are on their way.....
Geez,don't bother with the flammers...All of us,who watch your effort from the first day we support you 100%......
I believe that you were not in a good mood yesterday,and this is the reason you didn't post your setups.Will you please do it today?
Andreas,
Actually, if you look at the 5 min chart of RIMM you can see how weak it was early on in the morning and I had a short order out on it that never got filled that dropped well over $1.00.
I really like having a stock I like for a short gap up a bit in the a.m. and trying to be aggressive in shorting it. If I waited for all my setups to break the prior low I would have missed over 85% of my trades so far this year.
I have said in here before, I usually come into each day with a bias and try to stick to that bias for as long as I can. Is that 100% right....no, but as long as the trades I take fall into my trading plan I have no worries.
As for yesterdays trading, I have 1-2 days like that every month that do about the exact opposite that I would like. It happens..like you said, just part of trading.
As for not posting the patterns, I am going to post the first one right after this post. But this is what REALLY happened (and you can't make stuff up this good):
My boss and one of the leads on the project I am working on came over to my condo, which is about 2 blocks from the main office, to have a talk about the project. What I didn't realize was they came over to talk "office politics" and why they didn't get any of the raises that were issued. Oh yea, and she brought in a bottle of bacardi (she's about 5 4" 105lbs). As the day progresses and I am working (hard to believe, but true) she is talking with the lead (who has opened a very nice bottle of wine of mine) and the bacardi is setting in. By 5 pm, she's begging for a ride to the local afterwork hangout so she can talk (more like slur)to the head of the division about her raise. I proceed to get said lush ,eh, I mean woman into the car, but take her to where I tell her "I think all the guys are going to THIS place instead". As we wait for others to arrive (who I know, are not coming) she continues to make her mouth into a distillery. Fast forward a few hours and she is ready to drive home (she tells me she's fine as she stumbles walking) So I take her back to my place, seat her on the couch to call her a cab (I offered a ride home, but when I found out it was almost 45 min away I said CAB!) and within 2 mintues she is passed out. I wake up about 4:45 each morning and I got to go into my living room to see this little ball of a woman (my boss) on my couch. We have a VTC at 7:30 this morning (video teleconference) and she still hasn't moved.........
A day in the life of Geez.
Believe me, days like yesterday do not get me down. Flamers do not bother me one bit. It takes ALOT to rattle me, I dropped a grill full of beautiful fresh rockfish and soft shells into the Chesapeake Bay off the side of a sailboat over the weekend and didn't even flinch. If that won't rattle you,what will!?!.....-G
Ok, on to the first pattern
