Quote from margo_trader:
I've decided to start another journal since my time has loosened a bit. As most of you know, I take a long/short strategy via the daily, weekly, and monthly charts. I seldom trade from the intraday charts so this journal won't appeal to most of the folks that frequent this site. Basically, I short resistance / buy support....stops on the other side 90% of the time......and I buy breakouts that have OBJECTIVE consolidation. I also trade options from time to time although I admit I know very little about them. Every trade I take is based on a simple chart pattern that a monkey could be trained to locate with a software package like TC2000.
Though I'm frequently wrong and lose money, my account continues to grow following simple strategies. I know nothing about fundamentals and don't care to learn. I often forget to watch the market during the day when I'm fully loaded.....since I'm not a tick trader. Instead, I'll focus on something else, such as a good porn site.
I really don't know what the point of this journal will be, but maybe it'll help a newbie learn a nugget or two. Since the last journal didn't go over that well, I would appreciate any suggestions how to proceed from here. I plan to post setups that "I" plan to trade....shorts and longs.....reasoning for doing so......again, it'll be some sort of chart pattern I think will make me some $. I may throw in a option idea every once in a while. I'm going to share my TC2000 scans with example of what I look for. I don't give a shit about commentary......first, I suck at writing (H.S. dropout) and it doesn't give me any ideas how to make $.
That's basically it. If you have any ideas before I start, feel free to let me know.
