I Got this one wrong guys.....

hafez50 said:
Ken i have a motto i use and its served me well for 31 yrs for the short side . " Take your short bacon or somebody will !!!!!" . Yes tomorrow we could gap down and continue down but 80% of the time we don't and you kick yourself for not taking your short bacon. How i don't get angry when we continue down is i look for long trades for scalps if we continue falling . But i will say its game on to short the big bounces now for trades
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Great point... especially true with vix etns like TVIX, it's "buy the dip, sell the rip" to take the money and run. Like when I sold it for long term swing at 940 earlier, takin' that bacon.

And you're exactly right, I routinely kick myself when I don't book early profits, only to see it reverse. Gets tricky swing trading with unpredictable gaps.
 
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formikatrading said:
Love this. Part of it is just mental capital preservation.
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Something's dancing every damm day . What i try to give back to trading is to teach people concepts, principals and rules to live by. If i posted all my trades and show i have 90% accuracy what good does it do you? I know i would get a lot of pats on the back and some attention. Rule #1 is the only thing you control is your loses . If you control your loses you should succeed in time . Controlling your loses allows you to stay in the game and eventually hit the big winner. When you let the losers run not only does it mess your head up but it takes you out of the game for the time the opportunity arrives. This is nothing but a game of probability's .
 
KCalhoun said:
Great point... especially true with vix etns like TVIX, it's "buy the dip, sell the rip" to take the money and run. Like when I sold it for long term swing at 940 earlier, takin' that bacon.
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Speaking of bacon, have been watching Hog charts? I do not but have been peering at the live cows (futures), and they have ripped up 10 points over the last five trading sessions. I bet hogs have done similar if not better over that timeframe.

As you seem to do only stocks, look over the meat processor companies if they are public?
 
Max E. said:
I was short all in...... long before the biggest bounce..... then i added and added and added... I got smoked...... Dead wrong!!! Fully willing to admit it.
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orbit23 said:
You short all the way up and when it will reverse you will take profits too quick.

.
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Max E. said:
Damn i called this thing before i entered, was looking for a 2900 break, I'm running out of contracts now.... wish i had held everything. :)

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ET gold.
 
KCalhoun said:
Great point... especially true with vix etns like TVIX, it's "buy the dip, sell the rip" to take the money and run. Like when I sold it for long term swing at 940 earlier, takin' that bacon.

And you're exactly right, I routinely kick myself when I don't book early profits, only to see it reverse. Gets tricky swing trading with unpredictable gaps.
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TVIX is fun to watch but dangerous. Traded it many times but waiting until the VIX drops alllllllllll the way back down to 12 to touch that again. By then TVIX will be under $15 or so. Until then who knows how high the vix can jump back up to.
 
Man.... this market is something else..... castrated me the whole way up on the short side.... taught me to take profits then it puts in a fucking 60 point move... and I wasn't willing to chase....... if I had held that position I would have had to hold through 65k of pain before it turned lol how do you trade that move?

The Joy's of trading hahaha

Hardest and most frustrating fucking job in the world

Hope everyone is doing good today!!
 
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Max E. said:
Man.... this market is something else..... castrated me the whole way up on the short side.... taught me to take profits then it puts in a fucking 60 point move... and I wasn't willing to chase....... if I had held that position I would have had to hold through 65k of pain before it turned lol how do you trade that move?

The Joy's of trading hahaha

Hardest fucking job in the world

Hope everyone is doing good today!!
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Tranquilo. Take a break if you have to. Good Day Sir.
 
Trade smaller size.


Max E. said:
Man.... this market is something else..... castrated me the whole way up on the short side.... taught me to take profits then it puts in a fucking 60 point move... and I wasn't willing to chase....... if I had held that position I would have had to hold through 65k of pain before it turned lol how do you trade that move?

The Joy's of trading hahaha

Hardest fucking job in the world

Hope everyone is doing good today!!
More...
 
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