But surely that's not the same as having an opinion on the outright direction of the mkt?
Attention: I am now short!
- Thread starter chaosclarity
- Start date
But you DON'T trade. Why do you keep trying to pretend you do?
People come here all the time completely clueless and inexperienced. There is no shame in admitting it. You on the other hand keep trying to act like you know what you're doing when your posting history shows otherwise.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=218121&perpage=30&pagenumber=4
http://www.elitetrader.com/vb/showthread.php?s=&threadid=218121&perpage=30&pagenumber=6
http://www.elitetrader.com/vb/showthread.php?s=&threadid=221311&perpage=30
EEV stopped out....obviously. So looking to go long at next opportune time.
No shame in being on the wrong side of a trade. Unlike some people that do not trade I actually understand that I need to cut my losers quick and let winners ride. All part of the business of trading....next trade right around the corner.
No shame in being on the wrong side of a trade. Unlike some people that do not trade I actually understand that I need to cut my losers quick and let winners ride. All part of the business of trading....next trade right around the corner.
They got you with a big loss in less than one trading day!
Do you realize that with the two trades, you may need ~ 14% just to break even. In fact you need at least the double of that just to break even. Do you know why?
Quote from tradingjournals:
They got you with a big loss in less than one trading day!
Do you realize that with the two trades, you may need ~ 14% just to break even. In fact you need at least the double of that just to break even. Do you know why?
OMG,...You seriously are a MAJOR LEAGUE Dumbass. I have lost 1.8% NOT whatever ridiculous number you think I have lost. You have NO CLUE,....seriously. It is just unbelievable the level of stupidity out of your posts.
Let me spell it out for you,....
If I have a $100K acct and I want to limit my risk to 0.9%/trade that means I can risk $900 each trade. With me so far?
I then calculate my stop loss,...in the EEV case it was $2.00 away from my purchase price. In SMN it was $1.70......still with me?
THEN,....heres the HARD part,...I divide 900/2 = 450 for EEV.....to get the mumber of shares to buy. So I can buy 450 shares of EEV and (900/1.7 = 529) 529 shares of SMN. Get it now?
So when my stops were hit I lost $1800 out of a $100K acct. WOW,....such an OVERWHELMING DEVASTATION. 1.8% loss is hardly remarkable to me. I now have $98,200... so I now need a $1,800/$98,200 = 1.83% to BREAK EVEN
I know it must be hard for you to comprehend basic elementary school math that is also part of POSITION SIZING 101. You can make up whatever ridiculous things in your little mind that make you feel like a bigger man but the fact remains that I need only 1.83% to make it back to even from 2 days ago which is up 51% in 1 year. Again,...all part of doing business in trading.
Quote from tradingjournals:
They got you with a big loss in less than one trading day!
...you DON'T trade. Why do you keep trying to pretend you do?
You do realize this is a public message board? When you avoid a question everyone sees that you avoided it. Even someone sympathetic to your foolishness eventually has to ask themselves why you would avoid a simple straight forward question.
Stock bulls are running the show now and further upside probable next week.
USDCHF downtrend continues $$$
USDCHF downtrend continues $$$
Attention whore gets squeezed. News at 11.