I'm not talking about support holding, I'm talking about making moneyQuote from college ruled:
Seriously? :eek: You don't believe in SUPPORT/RESISTANCE? Why? Surely there are historical prices that attract buyers and conversely attract sellers? At this price the former is called SUPPORT, the latter RESISTANCE. Just makes sense doesn't it?
College trys again
- Thread starter college ruled
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almost nobody, myself included, ever made money trading day to day on some kind of strategy. We all made it by getting lucky. And to get lucky you need to be in the market all the time. And to be in the market all the time you need to have a decent day to day strategy. And support and resistance isn't one of them.
I don't have any lines on my charts at all. No pivots, trendline or any other indicator or shapes. I flip thru a few time frames see where price has been and what happened there, where it might like to go. That's my trade.
1.2991 High
1.2878 avg price [full leverage]
113 pips x2 = 223pips x$10 = $2,230
Down a few pips?
No auto liquidation? Margin Call, Warning? Nothing?
As your buddy OT pointed out even a demo account would produce warnings. This Paper and Pencil account of yours is a joke. You aren't fooling anybody.
Intuitive ROFL, ya, sitting there numb for two days staring at price, with zero action other than hoping price retraces. Laughing so hard, need to take a piss.
What's next? College trys again one more time?
RESET pip counter to Zero?
Mulligan?
My picture above says it all. I responded intelligently numerous times, Directly asked for clarification on last loss. Response: Ancient History in Pip time. He buried it and ignored it as if it didn't happen, then RESET the pip counter.
Boo Hoo the first thread was closed after a dubious loss. The second was abandoned also with a dubious loss, this one is effectively finished. If more pictures close the thread, I welcome back TheMan, his pictures were quite eloquent and descriptive.
Seriously?? :eek: I thought daytraders can be wildly successful? Almost everyone HERE, for instance, is a daytrader. You hear stories all the time about great trading and thousands of dollars being made each day?
Golden, this journal goal to 1000 pips in a month reduced my size too.
I realized might be better for my learning to focus on PIPS rather than $ at this stage as a nweb trader.
I realized might be better for my learning to focus on PIPS rather than $ at this stage as a nweb trader.
too bad there was no internet when I started out trading beans wheat cattle and swiss francs. I kept it going 13 years before it finally blew up. And raised three kids and got them all off to college. How is that any different than the factory worker who got laid off? If you are going to find fault with a trading plan, why not find fault with a business plan where hundreds of peoples financial lives are at stake? At least when I went down it was only me. And it didn't really matter, by then my kids were mostly raised.
My rules set at beginning I'm allowed ONE ADD to a trade, winner or loser. I added at 2916, and there's been no significant pullback yet. So I have no choice but to wait this out a bit more. Or as you say "stare numbly at the charts". Should this go much higher I will take that loss.
Actually I'm not staring numbly my mind is working overtime flipping thu charts trying to figure out best solution.
No Transparency
You were asked Broker used - ignored
You were asked exit price of last catastrophic loss - ignored
Last stated size was 1 lot $100K - so now what is it? $100 micro lots - actually using responsible leverage? doubt it
Full leverage is full leverage - one entry one add only was stated 200 pips full leverage any account would see some broker action if actually an account.
We don't have much to go on, but what you said. Hence the disbelief
30 pips off the high today so far that's got to be a good sign for those of us that are short.
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