Refusing to accept "some" decline from entry and current price as part of trading a profit killer... that LEH cover.. Looking at a daily chart no basis to have done it. At least if based on a system the remorse won't be as bad. Need to think hard for a solution for this while on vacation.. VERY AMATEUR..
MACD/Trendline Swing Trader
- Thread starter retire45
- Start date
Hi Retire,
just one more idea to think of.
I saw on your account that you have a nice wave figures as weekly P/L. Some weeks are very profitalve and another weeks are with small loss. One after the other.
So after having a strong week(s) you can start papertrading for a couple of weeks in order to pass the losing weeks go. After having a losing weeks you can start again with real trading. This idea was elaborated by Dr.Alexander Elder and may increase your outcome.
just one more idea to think of.
I saw on your account that you have a nice wave figures as weekly P/L. Some weeks are very profitalve and another weeks are with small loss. One after the other.
So after having a strong week(s) you can start papertrading for a couple of weeks in order to pass the losing weeks go. After having a losing weeks you can start again with real trading. This idea was elaborated by Dr.Alexander Elder and may increase your outcome.
epetrov,
Out of town till later today and should post weekly result when I get back tonight... Yes I am aware of this pattern/problem.. I am simply not capable of paper trading as the thought of having a 50% up week paper trading may drive me to trade harder the following week and throw me off.. My up weeks could easily get better with better trade management. However, "IF" the status quo can be maintained for months/years this "problem" will be sought after by many.
My MAIN failing at this point is VERY clear... lack of patience stemming from watching positions too much...
"A watched pot never boils".. Luckily mine manages to boil every now and then. Shorts earlier this week in RYL, LEN, TOL were positions I knew would absolutely work based on the XHB pattern I so clearly charted a while ago... The reaction to the TOL report was the fly in the ointment.
Account survived in my (because of my??.. LOL) absence... Longs in AGU, POT, and CF + CTX trigger short as planned is doing well. A trigger long in CY at risk of a stop out. The week ahead I am looking to get something short out of Builders and Shippers.. as they were the weakest on my list..
Hope you had a good week..
Out of town till later today and should post weekly result when I get back tonight... Yes I am aware of this pattern/problem.. I am simply not capable of paper trading as the thought of having a 50% up week paper trading may drive me to trade harder the following week and throw me off.. My up weeks could easily get better with better trade management. However, "IF" the status quo can be maintained for months/years this "problem" will be sought after by many.
My MAIN failing at this point is VERY clear... lack of patience stemming from watching positions too much...
"A watched pot never boils".. Luckily mine manages to boil every now and then. Shorts earlier this week in RYL, LEN, TOL were positions I knew would absolutely work based on the XHB pattern I so clearly charted a while ago... The reaction to the TOL report was the fly in the ointment.
Account survived in my (because of my??.. LOL) absence... Longs in AGU, POT, and CF + CTX trigger short as planned is doing well. A trigger long in CY at risk of a stop out. The week ahead I am looking to get something short out of Builders and Shippers.. as they were the weakest on my list..
Hope you had a good week..