Quote from Lawrence Chan:
I said this morning once 910 is breached I have no idea where the low is.
Indeed, I do not even know why it bounces off that level.
Very puzzled.
Quote from pulsescan:
the part that really gets me is that im a systems trader so this was a big swing trade sell signal. these types of setups can take days or even weeks to set up. i waited for this and i blew it with stupid stop losses ( i did not stick to my volatility stop) instead i allowed fear to grip me. i was afraid that the mkt was going to retrace hard and i would have to hold the position for a few days until it turned around. i did not want to do that and instead i allowed my viewing of the chart to dictate the trade. i was afraid that i might be selling an oversold chart pattern that would bite me hard. sometimes the "ST signals" i.e. swing trade signals will trigger during the end of a cycle/ overbought or oversold condition.
bottom line: i second guessed myself and my system and it cost me big time $$$. not in cash but in oportunity loss. i still made big money on the trade in normal standards i.e. the national average daytrader makes $62-$100 per day if they are lucky. well i made several times that but still i hate the fact that i messed this up.
yes i made my daily goal of trading i.e. $500-$1,000 per day but i could have made $6,000 today. instead i settled for $700.00
I THINK I WILL PUKE NOW.
Quote from pulsescan:
i can't believe how i blew this trade today.
short @ 923.50 target 883.75
instead i got stopped out @ 915.00
this has to be my worst trade execution day EVER!!!
Theres nothing worse than making $$ but not what you should have made!
i'm so angry with myself!
i think i might puke.
First question: I deploy my assets outside the trading account into money earning instruments so that I am making money at the same time .
lease give me credit for at least a 10 to 20 percent win ratio instead of the zero percent that you are giving me and then consider that those wins are let run for extended gains. Also, remember that although 2 percent is the maximum loss number, I am seldom risking the full 2 percent. This will give you a clearer picture of what I am speaking of.Quote from Buy1Sell2:
You were trading to not lose instead of trading to not lose too much. The hardest part of trading is staying in winners. Traders move their stop into the noise once they have a small profit thinking that they will at least have a gain. This is not the correct way to trade.
