I'm getting killed today in the YM.
- Thread starter lynx
- Start date
If your system has your shorting in an uptrend, it might need some work. I enjoy shorting at resistance confirmed by momentum divergence on stoch or MACD or whatever, but limit my losers on such traders to two losers in a row...
But that fits in well with my objectives, and maybe not yours.
Godo work on following your system though. If you continue to have losing days with it, then take a good look at it and what its doing for you.
Systems should simply cut losses short and let profits run, but remember that you are your system.
Just my two cents!
Anyway I'm also looking for some people that want to do msn chat during trading hours
hit me up at the_future_ismine@hotmail.com
I will also do gotomeeting mid day eventually.
But that fits in well with my objectives, and maybe not yours.
Godo work on following your system though. If you continue to have losing days with it, then take a good look at it and what its doing for you.
Systems should simply cut losses short and let profits run, but remember that you are your system.
Just my two cents!
Anyway I'm also looking for some people that want to do msn chat during trading hours
hit me up at the_future_ismine@hotmail.com
I will also do gotomeeting mid day eventually.
Nice work this week. You are clearly on a good path, not over trading and only taking the best setups.
you don't get this trading thing after a few weeks. Add 3 to 500 years to that and you will be more correct.
works too. Keep them stops tight.
Quote from Cheese:
You can't lose any money on sim testing which is why I recommended that Lynx "demo test thoroughly whole day sessions". YM currently has lower volatility than previously which is why I refer constantly to NG (in various of my posts).
For you, your learning is incomplete.
Nah, my learning isn't complete and yours isn't either. But I know what you mean. Statistically that works until you have a 6 sigma move that blows you out. There's a way to catch 80% of the move. But your arrogance isn't going to get you there.
Your problem is accuracy, slippage, and no clue where the hell to put stops. I know your system fails under loose guidelines by how cocky you are about it I've got a good feeling your not smart enough to fix it.
Show me your P&L from your system. I want #'s. PM me if you desire.