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MACD/Trendline Swing Trader
- Thread starter retire45
- Start date
Stopped out of RYL, Sold MTH.. losses in both.. RYL and PHM report tonight so not holding long, neither are others.. Didn't do my homework earlier.. Triggered into STP Long but quickly and violently stopped out.. Solar stocks.. was 1/4 position but still.
Holding HES, JRCC, HMY, GNK.
Holding HES, JRCC, HMY, GNK.
Should have stayed in Bed. It's been while since I got involved in the early morning madness so I was overdue for a shellacking.. Stopped out of everything except HES.. Losses galore! 4 to 5% average. Rebought HMY and SLW (how many red candles in a row can it do?) as some signs of stability... still this is bottom fishing.. not my game. The day I buy a "strong" support line is when it will be broken. Played RYL within it's trading range (32 to 34) to my chagrin.. it's movement nauseating me now.. porcelain bus here I come..
Reversal of the commodity stocks so swift barely time to short them.. A bounce next few days probably the ideal short op..
over and out..
Reversal of the commodity stocks so swift barely time to short them.. A bounce next few days probably the ideal short op..
over and out..
Not a good week... It felt worse than the result. Good thing is weeks like this refocus the mind but I'd rather not have them. They happen primarily when I don't stand aside and do nothing.. instead I go seeking trouble..
Errors..
Went outside system for trades..
SLW.. Will be a profitable trade as soon as it shows a reversal. Still, not what I've been doing. Sold it today as they report Monday. HES.. should turn out ok BUT bought a flagpole with no defense nearby.
Trading for an expected event LONG before event..
Trading events is lazy and risky as the outcome is a gamble of varying degrees o risk. This put me in BZH and RYL though they are not technically ideal.. not horrid but not ideal. And these are full positions, RYL at the top of it's box. You could sense this coming at end of last week as I intended to get them.. my mind was made up... This cause me to relax loss control on RYL. Well I have no mental power over the market.
The unfortunate adventures with STP and JRCC capped the week..
Enough.. Week over.
Rashid
Errors..
Went outside system for trades..
SLW.. Will be a profitable trade as soon as it shows a reversal. Still, not what I've been doing. Sold it today as they report Monday. HES.. should turn out ok BUT bought a flagpole with no defense nearby.
Trading for an expected event LONG before event..
Trading events is lazy and risky as the outcome is a gamble of varying degrees o risk. This put me in BZH and RYL though they are not technically ideal.. not horrid but not ideal. And these are full positions, RYL at the top of it's box. You could sense this coming at end of last week as I intended to get them.. my mind was made up... This cause me to relax loss control on RYL. Well I have no mental power over the market.
The unfortunate adventures with STP and JRCC capped the week..
Enough.. Week over.
Rashid
Attachments
Quote from retire45:
Not a good week... It felt worse than the result. Good thing is weeks like this refocus the mind but I'd rather not have them. They happen primarily when I don't stand aside and do nothing.. instead I go seeking trouble..
Errors..
Went outside system for trades..
SLW.. Will be a profitable trade as soon as it shows a reversal. Still, not what I've been doing. Sold it today as they report Monday. HES.. should turn out ok BUT bought a flagpole with no defense nearby.
Trading for an expected event LONG before event..
Trading events is lazy and risky as the outcome is a gamble of varying degrees o risk. This put me in BZH and RYL though they are not technically ideal.. not horrid but not ideal. And these are full positions, RYL at the top of it's box. You could sense this coming at end of last week as I intended to get them.. my mind was made up... This cause me to relax loss control on RYL. Well I have no mental power over the market.
The unfortunate adventures with STP and JRCC capped the week..
Enough.. Week over.
Rashid
Sorry to hear that. I thought you must have surely nailed the week with that UAUA call.
Neke,
You would think so but the UAUA position was not a full one and I could have managed it a bit better. Underscores how much I sucked the rest of the week..
You would have cleaned up on UAUA with options which I still don't do. Do you mind if I bug you for an options strategy in the future?
Hope you did better this week.
Rashid
You would think so but the UAUA position was not a full one and I could have managed it a bit better. Underscores how much I sucked the rest of the week..
You would have cleaned up on UAUA with options which I still don't do. Do you mind if I bug you for an options strategy in the future?
Hope you did better this week.
Rashid
One amazing trait I have, for better or worse is how I handle down weeks.. By Sunday I am super excited!
Here's the source of the excitement this Sunday: Very rarely have my winning trades started life with more than 2% losses. This is very exciting because it removes the source of reluctance to put in mechanical stops, the fear I'll get kicked out and the trade will take off after. The very style of my system (when used <ggg>) creates immediate green most of the time and masks my flaw of using hard stops only about half the time. Conversely, losing trades have usually gone bad and stayed bad, at least in my trading time-frame. At the very least the 2% loss level gets worse before getting better, offering the chance to get back in should the stock change it's mind.
Granted I may not have enough data but I will act on this and see how it goes. It simply has the exciting potential of reducing the damage of draw-down weeks even though they are generally the result of discretionary, silly intraday trading.
Ideally there is an Ameritrade app out there that automatically places stop losses on all trades but until I find that, the plan is to immediately place the stop once I see a confimation e-mail.
Here's the source of the excitement this Sunday: Very rarely have my winning trades started life with more than 2% losses. This is very exciting because it removes the source of reluctance to put in mechanical stops, the fear I'll get kicked out and the trade will take off after. The very style of my system (when used <ggg>) creates immediate green most of the time and masks my flaw of using hard stops only about half the time. Conversely, losing trades have usually gone bad and stayed bad, at least in my trading time-frame. At the very least the 2% loss level gets worse before getting better, offering the chance to get back in should the stock change it's mind.
Granted I may not have enough data but I will act on this and see how it goes. It simply has the exciting potential of reducing the damage of draw-down weeks even though they are generally the result of discretionary, silly intraday trading.
Ideally there is an Ameritrade app out there that automatically places stop losses on all trades but until I find that, the plan is to immediately place the stop once I see a confimation e-mail.