Any long term strugglers out there?

Had a break and then thought I had an idea about the market participants and took 2 more trades. New equity high for the day, and won't trade any more Dax today. Best day in a month or so.
Not sure about tomorrow though, as I have to go to the hospital.
 

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After yesterdays amazing day, it was kind of a certainty that the market would look to take some money back, and it didn't disappoint! :)
24 trades, 16 losers on dax. Lost about 1k
Luckily my skype friend came online and I absolutely killed the ES by copying his 1901 Long.
Been starring at the charts for the last 5 hours trying to work out why every trade failed. Eyes are nearly bleeding!
Hopefully better tomorrow!
 
Eddiemorra said:
stopped -20
Turns out the informed market participants were actually short I guess
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Here is some colour for you. The larger players who collectively move the market typically trade without a hard stop in the market. They have a PNL stop, risk manager has access to individual and overall exposure. Say an instrument is trending one way on the longer term time frames. The larger players are likely to be participating in this however the situation can rapidly change and they can be smashed offside. The strongest hands are not bothered by this, they might view it is an opportunity to reload. Of course some may bank prior to being smashed offside, other lighten up. We are talking about price here not time. Time is very important as you need to understand who is playing and why for each time period that your market is trading.

Isolate behaviour, design edge to capture, execute edge, rinse repeat.

GL
 
pauk said:
Nothing serious, I trust.
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Unfortunately it is. I'm only in my 20's, but I reckon there's a good chance that lots of the older guys here will outlive me. Let's put it that way, lol.
Still, onwards and upwards!
 
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