...And They Have a Plan. (Live.)
- Thread starter Overnight
- Start date
In a word...
WTF (Well, that's like 3 words)...
Continuing from last trade number detail...
So I have this bad trade in NQ on a Monday. The insanity of what happened on trade #13 rattled me to my core. Go plot it out on your charts with the time stamps, and note how literally a minute after I manually exited that trade for the loss, because I have to "cut my losses short", it hit my initial target of like 10 points, after festering below my entry point for TEN HOURS. So I spend the next three weeks trying to resolve my issues in MNQ? This is a road to ruin. I took some mini trades, but I did not take ENOUGH of them. All those MNQ should have been NQ.
Ugggg!
+$2,285.
That's the number I get if all those MNQ trades were NQ trades (including the lone NG and NQ trades after the initial NQ loss) were added to the two losing NQ trades at the top.
The fuck is wrong with me? Indeed, it is not a good record for 3 weeks worth of trades, but it is better than fucking $30. Why am I so reluctant to stick with NQ after a loss in it, and "decide to see if I can still do it in the micros with less risk since it is only 1/10th the size?"
Good grief!
WTF (Well, that's like 3 words)...
Continuing from last trade number detail...
So I have this bad trade in NQ on a Monday. The insanity of what happened on trade #13 rattled me to my core. Go plot it out on your charts with the time stamps, and note how literally a minute after I manually exited that trade for the loss, because I have to "cut my losses short", it hit my initial target of like 10 points, after festering below my entry point for TEN HOURS. So I spend the next three weeks trying to resolve my issues in MNQ? This is a road to ruin. I took some mini trades, but I did not take ENOUGH of them. All those MNQ should have been NQ.
Ugggg!
+$2,285.
That's the number I get if all those MNQ trades were NQ trades (including the lone NG and NQ trades after the initial NQ loss) were added to the two losing NQ trades at the top.
The fuck is wrong with me? Indeed, it is not a good record for 3 weeks worth of trades, but it is better than fucking $30. Why am I so reluctant to stick with NQ after a loss in it, and "decide to see if I can still do it in the micros with less risk since it is only 1/10th the size?"
Good grief!
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In a word...Magnetic Whale Art. (Well, that's like three words)...
No trading during the holiday week aside from a toe-dip, even though it was mostly LONG action.
Not much this week either, even thought it was mostly LONG action.
I am still on the mental block of going back the e-minis. When will this block break? When the trade war is resolved perhaps? I just dunno'
Ahh, lame is the word...
Flom.
No trading during the holiday week aside from a toe-dip, even though it was mostly LONG action.
Not much this week either, even thought it was mostly LONG action.
I am still on the mental block of going back the e-minis. When will this block break? When the trade war is resolved perhaps? I just dunno'
Ahh, lame is the word...
Flom.
Well, now that the trade war is resolved (we think), I suppose I have no excuse to not go back to the minis.
I am trying to remember to just "trade what I see."
And I have an open 2 MNQ long on March at 8531.5, because really, how bad can it get with everything behind us? Trade war, rate decision, X-Mas rally. Can I get 40 points on it before expiry in middle of next March? Heh.
I am trying to remember to just "trade what I see."
And I have an open 2 MNQ long on March at 8531.5, because really, how bad can it get with everything behind us? Trade war, rate decision, X-Mas rally. Can I get 40 points on it before expiry in middle of next March? Heh.
Bailed on the trade at 42.25 for ~11 points instead of original 40 point target. I wanna' refresh my head tonight, be able to sleep without thinking about this trade. Get more in tune with "scalping" rather than swinging, because as I thought about it over the weekend, the phase one deal being "agreed to", but not yet "signed" by both parties, is not the same as the trade war being "resolved.".
And we've seen how these "agreements" can fall apart. Still not a safe place to swing for me, but damnit I know the potential is there. The possible risk is simply too rich for my blood at this time.
Good read on the "trade deal" and staying out IMO. No way to know which way or when the cookie will crumble.
What if it is a chewy cookie? They do not crumble. They just kinda' congeal, hehe.
I've been looking at how stocks move throughout the day and it almost seems like trading indexes is a waste of time. I can't say they are manipulated because it's tough to manipulate ES/SPY given the sheer volume of the components but it feels so manipulated. I especially liked Trump's attempt to push to new ATH today with his tweet about the trade deal with Xi.
I honestly do not think he was tweeting that one to try to push markets in a direction, because we were already at ATH. And the market's knew it. My paranoia is stemming from how flip-flop Trump and that China guy (not Xi, the other one) have been in the past.
If one of those two dotards tweets something even remotely bad about trade, like, "we have changed our mind" on something, the markets are going to cry foul and drop a bunch. It has happened too many times before for me to feel safe with a swing. It really really sucks, because the world economy wants to keep driving north.
But until these two fuckers go away, there is way too much headline risk.