Quote from Lawrence Chan:
Elliot Who? =)
Learning from others is fine. But it is important to take a step back, investigate the methods yourself, and decide if that fits your trading profile (i.e. risk tolerence, time frame, temper, etc.)
every one has one best setup,mine is the nip.cleavage or ledge,trade into it as it approaches one or away from it after it touches,if its not at one sit on hands,the sit on hands is i think ,the most important rule,it's easy to make money,hard to hang onto or not give back,so sit on hands and wait for the setup..p.s. it's a lot easier to give advice than to heed itQuote from mastacoli71:
I'll be the first to admit that the market the last 2 months has eaten me alive. Every time I think I have a great entry it proves me wrong. Every time I puke it turns around. Pl wise it is not all that bad but damn psychologically it hurts to grind this long.
I signed up in this room where the guy that runs it is pretty much a long trader only so it messes with my head. I lean short so it is probably just copounding my problems in the market right now.
Any suggestions? I am really struggling right now. Thanks in advance.