I will be watching GMXR as a long
- Thread starter NY_HOOD
- Start date
guys,i post this stuff because i enjoy helping others. yeah,it feels good to be right but you all know i only post when i am 100% confident. every now and then i am wrong but i immediately sell and NEVER let the loss get big. you also know i take the quick and easy money. QMXR flew today and it was a calculated trade but i had it in my head that i only wanted to take a quick .50 cents for a days pay.,i did and i shut down my computer. look what the market did! i enjoyed a stress free day and did'nt give back a penny.
My feedback is that you should have set a trailing stop and let the machine do the trading. You set an arbitrary number which I believe is a mistake. On a breakout like this one, then a 15 cent trailing stop would have made sense.
It was a positive trade, but one that could have been better managed to maximize profit.
You can see from the chart below this was a classic Bollinger band trade. The price was good up until the middle line.
You also turned away from the market, shut the machine down and then left for the day. This is a mistake. Even if you had no intention of trading, you should have kept by the machine looking at the market until 5pm. This is not a part-time job and you have to keep analyzing and studying what is happening in order to benefit.
If you had kept by the monitor, then you would have seen the ES not make it over its last high and then a price collapse as a direct result.
I would be looking at the BGZ, 3x large cap bear. Im expecting that to double in short order and revisit its 130 price fairly soon...
It was a positive trade, but one that could have been better managed to maximize profit.
You can see from the chart below this was a classic Bollinger band trade. The price was good up until the middle line.
You also turned away from the market, shut the machine down and then left for the day. This is a mistake. Even if you had no intention of trading, you should have kept by the machine looking at the market until 5pm. This is not a part-time job and you have to keep analyzing and studying what is happening in order to benefit.
If you had kept by the monitor, then you would have seen the ES not make it over its last high and then a price collapse as a direct result.
I would be looking at the BGZ, 3x large cap bear. Im expecting that to double in short order and revisit its 130 price fairly soon...
