I'd like to become a better trader

  • Thread starter Thread starter PO
  • Start date Start date
It was a false break down and new lows didn\'t last long. The original trade would still be valid, had I been at the screen, but I was away from the screen and missed it. Pull back to 2300 was a second buying opportunity.
 
BL,

Once you get it set up – keep it real – please

Also set it up with the same $ amount you have access to..., if you were live…,


You know the mantra – practice like you play :)


RN


Quote from Best Loser:

I\\\'m still hear, was taking a little break from trading, still setting up my new trading software,
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Quote from Best Loser:

stopped out. -$270
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BL

Track price’s direction off this trade

Did it end up being

A false breakout – where reversing would have worked

A head fake where you were shaken out – so a failed failure – and reentering in the original direction would have worked
Or
Possibly more room on your stop – careful with this one though (I would rather take 10 losses in a row, than increase my stop size, but I also know my optimal stop size for what I’m trading)


Always know your environment – is it a ranging/ trending day… and how strong - and expect price to act accordingly


I’m trading a meandering day, with a downward slant… for now

Talk later
RN
 
Quote from Best Loser:

long 3@2306.5 on break out above of the bar that made new low for the day. stop under LOD
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stopped out again. -$420
 
if you are going to trade 3's real time,then fine,but i think you'll be trading 1,so trade 1,work on entry /exit...enter on supp/res for now,your batting avg will go up and commissions down,master that and work your way into the middle ranges
 

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