NOPE, but the bar part is CORRECT
If you want to fail as a trader, study TA
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NOPE, but the bar part is CORRECT
Quote from The Expert:
Stop using them
MK, how many shares are YOU trading at the moment:eek:
Well I wasn't going to tell you because I thought you'd stop answering my questions, but I don't have enuf $ for stocks, so I've been trying 1 contract on the NQ.
I can't stand swingtrading because I don't want to wake up to a position against me 20 points as I've experienced in the past.
Once I save enough I want to switch to stocks as I've heard more than once that they are much more lucrative, so for now I'm taking notes and watching.
BOB = Break Out Bar?
Have I sussed your method TE?
Play BOs with tight stops?
Then scale out as you go, contraction to expansion and all that, an excellent scalping method BTW, works best on instruments with reasonable volatility.
Have I sussed your method TE?
Play BOs with tight stops?
Then scale out as you go, contraction to expansion and all that, an excellent scalping method BTW, works best on instruments with reasonable volatility.
Tight stops on the NQ, and you wonder why you are losing:eek:
ES & NQ are very risky compared to individual stocks, and, you need a good bit of money to trade FTRS effectively.
Swing trading is OK if you do so with small size, but, as with all trades, every trade is a loser until you have the profit banked.
If you are unlucky to get caught with a swing in a wild panic day, like recently, then, you must question your ability to understand market direction, for, it was obvious that the market was not heading much higher for a few weeks, so, shorts were low risk and longs high risk, at the top levels.
Easy in hindsight, of course, but every trade must have a valid reason for entering, else, the odds are stacked highly against you.
With experience, the valid reasons become more easy to identify.
TE
Just to be contrary, you know me
If you'd taken a long Friday afternoon, you'd have cleaned up come Monday, high risk and you would have needed balls of steel mind.
If you'd taken a long Friday afternoon, you'd have cleaned up come Monday, high risk and you would have needed balls of steel mind.
The wind has been, but me not seen
It goes so fast, as in the past
If I but listen, I will but glisten
Then clear it be, for me to see
TE
Quote from Fibbin-Archie:
Just to be contrary, you know me
If you'd taken a long Friday afternoon, you'd have cleaned up come Monday, high risk and you would have needed balls of steel mind.
If your Aunt had balls, she would be your Uncle
What you been on the baked beans again?:eek:
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