I'm getting whipsawed, and I need advice/opinion

S2007s ain’t printing shit. I have seen so many them dumb shorts in recent years. ForexIG is filled with shorts. Also some other trading sites i visit also full of shorts.

these people been losing their shorts. Or shirts. For so long. Only to get a breather for a couple weeks here and there.

just look at a long term chart. It will be a surprise if them not living in mom’s basements
 
Volatility isn’t always a great thing for a longer term trade unless you size right. Flats also a position.

My strategies are all swing trading/mean reversion over multiple days. I’m hanging out in cash. Work for a living, can’t watch account all day.

Other thing is panic is a different game then market slow down. People start pulling out cash and correlations to to 1.

Crypto’s down, gold down, those that were down go up as shorts cover, longs sell those that are up.
 
trdes said:
I see you used some key words "instincts" "think". You have to trade what you know first off, not what you think.


......... Get some kind of indicator that you know and understand very well. NOT what someone else teaches you or shows you. You PERSONALLY need to understand, know and therefore BELIEVE it work........
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You basically replaced his keywords with your own keywords to try and make a point.

  • understand = instincts
  • believe = think
 
El OchoCinco said:
You are trading in a week of 1000 point Dow swings, if you planned to hold then your stops need to be football field wide. If you planned to scalp you should have closed them and not held overnight. Easy peasy
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Yes, I made a point of really going for it this week. A market this turbulent is rare, and the experience gained trading it is priceless, win or lose.

Livermore said:
A man needs an education, and man has to pay for it.
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OptionsOptionsOptions said:
You basically replaced his keywords with your own keywords to try and make a point.

  • understand = instincts
  • believe = think
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I think that's a fair argument and technically what you're saying is right. I should of been more clear and probably typed less. My main point is to trade what you KNOW not THINK. Those are the key words I would like to pare against each other.

To me believe is stronger than the word think, but I understand they can be used interchangeably and it doesn't matter what I "think", you have valid points.

Hopefully I have cleared up the confusion and expressed my main point.
 
kmiklas said:
It's been a humbling week for me. I'm getting whipsawed, and I'd really appreciate your opinion on how I can improve, and what I need to work on.

I feel like my analyses are correct, but my timing is wrong? What weakness do you see in me and my trading that I should address? <3 Keith

A few examples from this week:

- I went short on UAL, DAL, and AAL. The next day, they had a good day, and swung up. I got out, took the loss... and then T announced the travel ban. They plunged at market open... and I lost out on a big hit.

- I went long on MSFT, thinking that Uncle Sam would provide a stimulus and form a floor--especially for a heavily-weighted DJIA company like this. It drifted down... I got out, and took the loss. Next day, stimulus package announcement, and it bounces.

- My instincts were screaming to short DIS at 140, thinking that they would be forced to close parks, but I refrained, thinking that T would step in and bail them out... you can see what happened.

I think what frustrates me the most is that this is the kind of market that I love to trade.. I should be killing it with shorts, like the Plungers of old.
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%%
Looks like your stops are too tight on DAL, KMS, but I would not want to be short today with the huge drop past month.
I've lost money on my tech ETFs+ [+SSO, cut a loss] this week but feel pretty good about it, based on past profit+ past history + the unusual big drop.
MSFT has been/was holding above 200dma + its a major holding in most tech ETfs/QQQ.[I never pay much attention to gov stimulus, or most of the news media] I tightened up stops on SDOW profit; but been in much of the week.
No offence intended, but when it hits your stop, it does not matter what it does then;AAR + DAL have gone bankrupt + MSFT could also -even though not likely.
Shorts+ SDOW.... have done unusually well this week; but time is never a friend to bear trends even in a bear market.............................................................With 55 minutes til close DAL has not even taken out yesterdays highs or has MSFT taken out yesterdays low.
 
kmiklas said:
It's been a humbling week for me. I'm getting whipsawed, and I'd really appreciate your opinion on how I can improve, and what I need to work on.

I feel like my analyses are correct, but my timing is wrong? What weakness do you see in me and my trading that I should address? <3 Keith

A few examples from this week:

- I went short on UAL, DAL, and AAL. The next day, they had a good day, and swung up. I got out, took the loss... and then T announced the travel ban. They plunged at market open... and I lost out on a big hit.

- I went long on MSFT, thinking that Uncle Sam would provide a stimulus and form a floor--especially for a heavily-weighted DJIA company like this. It drifted down... I got out, and took the loss. Next day, stimulus package announcement, and it bounces.

- My instincts were screaming to short DIS at 140, thinking that they would be forced to close parks, but I refrained, thinking that T would step in and bail them out... you can see what happened.

I think what frustrates me the most is that this is the kind of market that I love to trade.. I should be killing it with shorts, like the Plungers of old.
More...

This is a great time to learn how and when to sit on your hands.

(After washing them.)
 
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