Bad trading?

AngryBull · Aug 7, 2003

I have a rather tight stopp/loss with normaly between
50-75 USD per ES-contract with a "Dead mans Hand"
of 100 USD per contract.
When I`m in a trade I read the "tape" all the time
and that means I can cut my losses quick.
IÂ´m also a big supporter of posionsizing which for
me means if I pass R2 I double but normally take
these contracts out after 2,5 points.

dbphoenix · Aug 7, 2003

Quote from futurecurrents:

It is interesting that the ones misspelling loser are always characters.

I like the "winebootle" part, too.

In any case, if he's trading support and resistance, he's not trading trend, he's trading counter-trend, unless he's trading breakouts, though if he's range-trading, he's not trading trend at all.

I doubt he'll clarify.

Ditch · Aug 7, 2003

copycat is on the prowl again

AngryBull · Aug 7, 2003

Please forgive if I don`t understand you right because IÂ´m
not a native ennglish speaker.
For me a trend starts when breaking a support/resistancearea,
normally two-three points up.
Everything less is "noise".
If the attack "fail" I take the countertrend when it is
3,5 points back, less than this(up to three points) can
be a pullback and should be traded when it reverses,
look at todays action!

dbphoenix · Aug 7, 2003

Quote from AngryBull:

Please forgive if I don`t understand you right because IÂ´m
not a native ennglish speaker.
For me a trend starts when breaking a support/resistancearea,
normally two-three points up.
Everything less is "noise".
If the attack "fail" I take the countertrend when it is
3,5 points back, less than this(up to three points) can
be a pullback and should be traded when it reverses,
look at todays action!

This is a more-or-less trend-trading approach, but it's also pretty standard stuff. What sort of advice do you have to give that hasn't already been given in all the other trend-trading threads?

Incidentally, native English-speaker or not, calling everyone in your audience "losers" is generally not the best way to encourage discussion.

OddTrader · Aug 8, 2003

Quote from AngryBull:

I have been trading full time since 1 year.
The first six month cost some seminarfees.
After that I have had no losing day.

Any opinions?

Is it becuase you have placed no orders at all so far after the first six months

?

OddTrader · Aug 8, 2003

Quote from AngryBull:

I have a rather tight stopp/loss with normaly between
50-75 USD per ES-contract with a "Dead mans Hand"
of 100 USD per contract.
When I`m in a trade I read the "tape" all the time
and that means I can cut my losses quick.

It seems you when using your current trading system would have experienced "cutting loss quickly" for at least once, haven't you

?

dbphoenix · Aug 8, 2003

Quote from OddTrader:

Is it becuase you have placed no orders at all so far after the first six months ?

Perhaps he's been trading for six months and one week.