MACD/Trendline Swing Trader
- Thread starter retire45
- Start date
The biggest problem in trading has to be mental expectations of markets. Only this could have caused me to ignore the final third of the equation today... Sell gap up.. done. So why not buy the opposing trade as the gap up is sold (it was sold for a reason, right)...
Currently have shares in the Rashid Mutual Fund.
HOC, RIMM, FAS (??), JRCC, POT, BGU. The commodities held up well today.. maybe in anticipation of the Money printer.
Good weekend..
For the week anticipation before the actual event spoiled things. Must reaffirm to trade at extremes only.
Currently have shares in the Rashid Mutual Fund.
HOC, RIMM, FAS (??), JRCC, POT, BGU. The commodities held up well today.. maybe in anticipation of the Money printer.
Good weekend..
For the week anticipation before the actual event spoiled things. Must reaffirm to trade at extremes only.
Quote from archimg77:
hi retire45,
I tried to look at your last year summary but could not find it.
I usually summarize past 10 weeks but
how could you summarize your last year?
What did you achieve?
What was the best strategy?
What was the worst decision?
What did you learn?
What are your weaknesses?
What are strong points?
It came to my mind because I had 9 positive weeks (cca. 9% per week) and last friday I started fly to quality, my account started to shrink rapidly,. (Daytrading and unexpected takeover proposal)
Hopefully, if I summarize today evening I'll end up at least flat.
how could you summarize your last year?
It sucked greatly... 25k to 40k looks ok but the blood spilled in the process nearly fatal emotionally.
What was the best strategy?
Swing trades on breaks from Daily consolidations only or confirmed reversals after declines within uptrends (or at HARD support)... nothing special.
What did you learn?
Making money in markets is 95% trading ability, 5% Technical analysis. I have the TA part down to a science as do most traders.. Lack of patience and laziness (or not treating trading as the job it is) are THE monkeys on my back.
What was the worst decision?
Every one from mid-year on.. LOL..
No doubt I can and will do very well in the Markets but this can be quickened exponentially if I either change my thinking each and every day... or find someone else to take my daily notes, thoughts, rules and do the trading. I WILL do one of the two...
Later..
Any updates?