IncreaseNow's "Sell/Short" Futures Journal

You're like a scared little rabbit out there

:)

Fear dissipates when you really get to 'know' a market well. Currently you can't see this.

Quote from increasenow:

today so far...

-2 points YM
+.01 points Sugar
+2.2 points mini-Gold

...Yes!

somebody tell me to 'be done' trading today to preserve this humble profit!!!
More...
 
Quote from increasenow:

can someone explain here why Sugar soared?...glad after my short trade...closing the intraday gap?
More...


Using a chart for price analysis and thus entries and exits it TA - TA is not a study of why. If you want to know why check the fundamentals of supply and demand. This chart does not tell you why it simply tells you what.

Assuming that is a 20 ema or ma, based on how I trade off of one, your entry looks sound. However you missed the next trade at somewhere around 10:30. My analysis say you have a full bar back above the ema a one bar retrace then an immediate one bar back up - that to me is a long entry above the high of the down bar, somewhere around 19.50.

If you are going to use TA, DO NOT worry about why - just watch out for reports and think about what is going on, on the chart.
 
Quote from increasenow:

I am actually going to agree with you...but...I am getting there and LEARNING a lot even with my losses...
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It took me a few years to figure out I don't learn much anything from my losses, but what I needed to do was learn everything I could about my profitable trades. It is better to mimic winning trades than concentrate on losing trades.

Why not just concentrate on one market?
 
Quote from increasenow:


somebody tell me to 'be done' trading today to preserve this humble profit!!!
More...

You got it backwards my boy

You want to quit when you have losses and give er hell when you are winning.

Guess where your account wil be if you limit your wins and let your losers run.
 
Quote from DblArrow:

Using a chart for price analysis and thus entries and exits it TA - TA is not a study of why. If you want to know why check the fundamentals of supply and demand. This chart does not tell you why it simply tells you what.

Assuming that is a 20 ema or ma, based on how I trade off of one, your entry looks sound. However you missed the next trade at somewhere around 10:30. My analysis say you have a full bar back above the ema a one bar retrace then an immediate one bar back up - that to me is a long entry above the high of the down bar, somewhere around 19.50.

If you are going to use TA, DO NOT worry about why - just watch out for reports and think about what is going on, on the chart.
More...
thanks...yea, getting a lot of comments on the 20EMA...that is what I am using...there are 'secrets' there...thanks
 
Quote from Handle123:

It took me a few years to figure out I don't learn much anything from my losses, but what I needed to do was learn everything I could about my profitable trades. It is better to mimic winning trades than concentrate on losing trades.

Why not just concentrate on one market?
More...
good insight...yea, one market...heading that way...
 
For any future readers, I guess this journal will provide a 'what not to do' or 'how not to approach trading'.

INow will actually be helping people out as his accts runs to zero. Sorry Inow, but at least something good will come of it :(

Quote from deaddog:

You got it backwards my boy

You want to quit when you have losses and give er hell when you are winning.

Guess where your account wil be if you limit your wins and let your losers run.
More...
 
officially done with trading for today...on radar...

YM
Sugar
miniGold

...today was a very encouraging day trading...was actually down $16 before the +2.2 miniGold trade...thankful
 
Quote from increasenow:

can someone explain here why Sugar soared?...glad after my short trade...closing the intraday gap?
More...

Just a hunch

53n6er.jpg
 
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