No you did not, you told me just a few posts ago what you did back then was watch the price change and then manually enter based on what you saw, that is not the same ...
How can you know so little after so many posts ...
Crazy paper trading day
- Thread starter farmerjohn1324
- Start date
No you did not, you told me just a few posts ago what you did back then was watch the price change and then manually enter based on what you saw, that is not the same ...
How can you know so little after so many posts ...
Reality distortion field... or, magical thinking. Your call.
I had one major loss of $31,000 where I had to admit it wasn't going to turn. This was in early October and it hasn't hit those lows since. It would be impossible with 100 contracts because that's only possible with the day trading margins.
Wait ... if you are trend following intraday, waiting days for a red position to turn green means you are not trend following, refusing to be wrong and getting lucky, or following swing trading trend in which case drawdown should be expected and or statistically represented.
Perhaps "market sentiment" would be a more accurate term than "trend." I wasn't using any TA. Just a qualitative analysis of the current mood.
Last edited:
Ok so I "straddled" using my eyeballs and quick reflexes because that's all that was available to me at the time.
You don't offer useful advice so it's not worth my time to explain to you. You are free to continue hearing what you want and/or misunderstanding me. Makes no difference to me.
For example, after the Fed Speech in late August, I held a short position for I think 2 weeks even when it was over $10,000 in profit because I thought sentiment was still bearish.
What the hell does that mean?
Is it a synonym of 'feeling'?
Oy vey, and you were right, because it was still bearish! It just took a bit longer for the turn south. 2022 really fucked up a lot of swing traders, including me. Nasty nasty stuff going on, and still is. Powell is the master market manipulator. Never again will I fight him or the FOMC. THEY are the rulers of the trend, and nothing else.
How can you swing trade as a strategy with so much leverage involved?
The key is to not use much leverage. You are in control of said leverage. If you want to get into swing trading, you are the one that dictates how much pain you can assume. The lower the size, the less leverage you are using, and thus the larger the opposing swing you can survive.