MACD/Trendline Swing Trader

HA! very frustrating that one. I tried to bottom pick today too. Bought FAZ 35.84 with a dollar stop, which of course got hit at the bottom. thinking about it AH, but worried this week will be a little too volatile to swing trade the way I want to.
 
Oh yes.. Oversold and overbought are not trading rules.. signs to pay attention for sure but not trading signals. Problem is all you remember is the 1 out of 10 times you got LUCKY. Once every 2 years we learn one thing maybe?
 
Quote from retire45:

Ha!... Nice top indicator .. your FAZ exit... LOL!.. never fails..
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What a day...won't be forgotten anytime soon. Sold at the bottom of FAZ and then turned around and bought FAS and got stopped out. I need a break!
 
Quote from retire45:

We all have this need to perfectly pick the bottom or top because we want THE WHOLE move. Just another type of greed. At 3pm or so one of these days it will give a buy signal. Could be from 35... or 15, or 10.

*** ANYTHING CAN HAPPEN ***
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It's true. Retire, your current balance is at the level of Jan. 3 months of trading for nothing. At least u have $40K depo which is sooooo much better than small amount that other people deal with.
 
Quote from buckoboy:

I feel your pain...every minute thinking, this has to be the bottom but it never happened. I threw in the towel on my FAZ trade a bit over $35. Discipline needs to be king!
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Man can I relate to that. Its like it knows where your pain tolerance level ends. For me it often reverses to better thanentry. The saying is cut your losses short. Either that or hold on a little longer and it'll come back.
 
Very wise words there. Could be described as greed or having high standards to be unhappy with my account, but I am the way I am and will most likely always be.

Thanks though for reminding me of the value of money though..
 
On that note due to personal finances, I have decided to put most of what is left in the bank to live on.... So many "if this", "if thats", and "if I have just..." that could have dramatically altered the path to the present but every trader has these and they are both why so many do poorly and why so many keep trying... the hope of what can be.

I have always refused to put any new money in my account other than the initial seed money so will stop this Journal here. Will have a go (final?) in ES and leave stocks for now.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=158210&perpage=6&pagenumber=1

later..
 

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Sad to see this journal end. Definitely some good lessons to be learned from reading through it. Last year was quite a ride. I can see a lot of the "what ifs" from this year too, but so it goes. Goodluck with futures! You clearly have it in you to be profitable. Looking forward to the next journal.
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