Losing Trades Archive

No, Price closed above the 20ema and made a higher high (that's 2 of 3 criteria needed to change direction, the other is a trendline break) My next trade was long @49.97.My target was 50.31 but I had to close for +7 ticks because of my inside bar rule for moving my stop. No trades for me after that as I didn't have any more valid setups before 12est. (that's my cutoff time for new entries)
Have a great Easter I'll be back at it on Tuesday
 
TRADE1 - BLUE CIRCLE - LOSER - -3NQ POINTS
(was looking for a breakout of the little flag. Stopped me out violently at around the market open)
TRADE3 - 2ND RED CIRCLE - LOSER - 5NQ POINTS
(was looking for a similar trade to the red circle trade before this one that DID work)
 

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stillgrinding said:
No, Price closed above the 20ema and made a higher high (that's 2 of 3 criteria needed to change direction, the other is a trendline break) My next trade was long @49.97.My target was 50.31 but I had to close for +7 ticks because of my inside bar rule for moving my stop. No trades for me after that as I didn't have any more valid setups before 12est. (that's my cutoff time for new entries)
Have a great Easter I'll be back at it on Tuesday
More...

I follow you, good job on staying with your plan.

And Happy Easter!
 
Brianharvey said:
TRADE1 - BLUE CIRCLE - LOSER - -3NQ POINTS
(was looking for a breakout of the little flag. Stopped me out violently at around the market open)
TRADE3 - 2ND RED CIRCLE - LOSER - 5NQ POINTS
(was looking for a similar trade to the red circle trade before this one that DID work)
More...


Brian, thanks. What days was this? Can't identify.
 
I have losses every single day, it is frustrating, but it is one of thousands in lifetime and by next day I forgotten it. As to my Trading Plan, I didn't do anything wrong, so the Plan lost. Maybe not buying much in October is the answer, :D. I normally only trade Dow30 (love the dividends and must have decent volume options and several ETFs). I would have done same exact trade again just as I did.

I was buying trendline bounces-trend up, Protective stop is August lows good support, first trade bought on limit and did Put Credit Spreads, each day after I sell Calls when price hits BB, next couple days selling Calls, 2nd stock entry another trendline bounce, oh boy it open lower so better price and I will do better on doing the Put Credit Spreads, positive by close and sell more call options and heavier volume-profs accumulating, next day opens on BB, sell more calls, but......bath day, lose on stock, lose on Put Spreads but made on Calls. Over all loses, calls saved me a bit.

Happy Holidays All
 

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Brianharvey said:
TRADE1 - BLUE CIRCLE - LOSER - -3NQ POINTS
(was looking for a breakout of the little flag. Stopped me out violently at around the market open)
TRADE3 - 2ND RED CIRCLE - LOSER - 5NQ POINTS
(was looking for a similar trade to the red circle trade before this one that DID work)
More...

Brian,

If you don't mind me asking, on the trade3, were you taking the break of the trendline because trend was down for you?
 
Handle123 said:
I have losses every single day, it is frustrating, but it is one of thousands in lifetime and by next day I forgotten it. As to my Trading Plan, I didn't do anything wrong, so the Plan lost. Maybe not buying much in October is the answer, :D. I normally only trade Dow30 (love the dividends and must have decent volume options and several ETFs). I would have done same exact trade again just as I did.

I was buying trendline bounces-trend up, Protective stop is August lows good support, first trade bought on limit and did Put Credit Spreads, each day after I sell Calls when price hits BB, next couple days selling Calls, 2nd stock entry another trendline bounce, oh boy it open lower so better price and I will do better on doing the Put Credit Spreads, positive by close and sell more call options and heavier volume-profs accumulating, next day opens on BB, sell more calls, but......bath day, lose on stock, lose on Put Spreads but made on Calls. Over all loses, calls saved me a bit.

Happy Holidays All
More...


Hi Handle,

I feel your pain on that one but like the Tom Basso approach re 1 in 1000. Very nice using the calls to hedge your bullish spreads. Let me ask you this, if price hadn't moved down, where would your exit have been? Would you have trailed your stop higher?
 
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