ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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According to AP, a US Airways plane headed to Charlotte has crashed into the Hudson River, sending passengers fleeing for safety in the frigid waters. According to MSNBC, the flight was US Airways 1549 headed to Charlotte/Douglas International Airport from New York with 164 people aboard. A flight manifest said the flight was due in Charlotte at 5:16. The network said the pilot reported hitting a flock of birds. New York City firefighters are responding to the crash. It was not immediately clear if there were injuries.
Thanks, but I actually got spooked into covering. But it's better than nothing, I s'pose.
I dunno how long you've been trading, but flipping trades ain't easy at first. A good way to overcome this problem is to practice trading 1 lot. Just filp and flop until you're able to shake off the fear. These days, I'm only all too trigger-happy.
Quote from saliva:
Thanks, but I actually got spooked into covering. But it's better than nothing, I s'pose.
I dunno how long you've been trading, but flipping trades ain't easy at first. A good way to overcome this problem is to practice trading 1 lot. Just filp and flop until you're able to shake off the fear. These days, I'm only all too trigger-happy.
You gotta flip when it flops and flop when it flips. Just go with the flow. Be like water, you will always be there in the right direction. Net positive is all you care about.
RTH only.
I track the AH pivots too.
Remember all statistical bias you read from books are based on the RTH one.
I used to post my 4:00 pm based pivots here. It is confusing for some, so I post the regular one instead.
I thought you pretty much nailed it on the head when you wrote this yesterday. I see nothing wrong with having a personal belief about the market. It's only when the ego gets mixed with your belief does it cloud your judgment.
For example, suppose you believed the resistance should be at 40 but it turns out that it isn't. Well, as they say, don't fight the tape. Admit you (or your belief) were wrong and get out. You'll never regret taking small losses. By the same token, this also applies when you're in the money. If you believe the price target is at 25 but it fails to get there, don't linger around only to lose all your profit. Any profit is better than no profit. If the opportunity shows itself, you can always re-enter at later time.
Sorry if this came across as cocky. I have no intention of preaching to anyone.
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