CL Redux

Quote from Visaria:

stopped out of that 415 for a 50 pip loss.
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Sorry about that. Damn.

I see now I just wasn't awake yet I guess following your trade. That 415 short was about 2 minutes before I was looking and by then it was down another 50 ticks or so. Oh, well. At least I'm not losing money, just missing a lot of trades. Some days that's what's up.
 
Quote from ZEAK:

Sure. I use sell and buy stops to enter long or short. And use the same for targets and stops, but I always seem to get slippage when my stops are hit, but never when my targets are. Makes me wonder.....
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I don't think you get it.
 
Quote from BCE:

Sorry about that. Damn.

I see now I just wasn't awake yet I guess following your trade. That 415 short was about 2 minutes before I was looking and by then it was down another 50 ticks or so. Oh, well. At least I'm not losing money, just missing a lot of trades. Some days that's what's up.
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I just screwed stuff up today, should have gone to b/e, was up 70 t at one point.
 
Quote from JoshDance:

I don't think you get it.
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Ahhh, yes, I was not getting it. I did NOT have a sell stop as a target, because a sell stop can only be below the market. I had a sell limit, hence why I got filled at my exact price.

Thanks.....
 
Quote from Visaria:

I just screwed stuff up today, should have gone to b/e, was up 70 t at one point.
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I was thinking about you last night and thinking about myself. I noticed that a lot of times you don't take significant profits, like this morning, which I sense is because you're clinging to some idea you've formulated for that particular trade about where it's headed and even how far. Not taking a $700 profit isn't good obviously. You need to work on that. It's good to let trades develop, but at some point you need to take significant profits and not let them disappear when the trend reverses.

Now my problem, or weakness, or what I have to work on, is not letting trades develop enough. I get up $300-400 and take it and then it may run another $600-700. So that's not so good either. I usually have solid entries, my strength maybe. I just get out too soon too often. I'm working on it and getting better. But I was shaken out of my .00 long at b/e just a few minutes ago. And it only dipped about 1 or 2 ticks below that. And then it ran up 95 ticks. How dumb was that? :) That didn't work.

We just need to keep learning - which we are. We're getting better.
 
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