Starting to build trust in myself once again. The main thing I'm learning is that in a trading session there lot's of trades to be made and this for me any way makes it a lot easier to take a small loss or 2 knowing if I protect my capital and follow my rules then I live to trade another day!
My nq price action method
- Thread starter slugar
- Start date
Amen to that slugar! Plus, once you're out of a losing trade, it makes it easier to re-evaluate properly from the sidelines. Even if you got out too soon and have to get in again in the same direction, its ok if the loss is small. But perhaps the small loss lets you see your initial direction was wrong, and instead of sitting through a bigger loss, you can actually be planning your next trade in the opposite direction now. The worst feeling is being in a long, losing money, and wishing you were actually short, and yet you can't be short since you're still long and praying! LOL
Be mindful - it only takes 1 aw shit - to start (begin the crap) all over
Every trade Slugar..., every damn one of them
RN
Little lesson on objectivity...,
or..., How the mkt fucks every one but the detached ones
Shorts:
Saw price was not breaking out
Got short.., used the top of the range breach as their stop
===================
Longs:
Used a buy stop to enter - if price B/O
The mkt
Pushed price up, breaking it out
Collected the Shorts' stops (which pushed price up)
Sold into the Long's buy stops (Long's buy stops push price up)
Then pushed price down to get their (long's) stops
Screw em all - give me the money!!!!!
I simply love this game..., love it.., love it.., love it
Be an observer..., exploiter..., never a participant
RN
or..., How the mkt fucks every one but the detached ones
Shorts:
Saw price was not breaking out
Got short.., used the top of the range breach as their stop
===================
Longs:
Used a buy stop to enter - if price B/O
The mkt
Pushed price up, breaking it out
Collected the Shorts' stops (which pushed price up)
Sold into the Long's buy stops (Long's buy stops push price up)
Then pushed price down to get their (long's) stops
Screw em all - give me the money!!!!!
I simply love this game..., love it.., love it.., love it
Be an observer..., exploiter..., never a participant
RN
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You still haven't determined specific criteria for entry and exit. Wouldn't you like to know before next week or next month which trades you will take and what their results will b on average over the course of 10 trades? I could b wrong but I think slugar has already done that.
Will you ever get it? You can't get what you want until you work out these odds. Your trading, both real and sim are one of 2 reasons you don't have time to work this out. The other is you mistakenly believe your probing questions can acquire this.
And the reason you can't let go of these 2 habits is you don't believe it's possible to take a few simple rudimentary ideas available in the public domain and make them work ...probably because you think there's too many that don't work and you just want to make sure you're on the right track before you waste time trying too hard. When the truth is trying is one of the ways to eliminate what doesn't work.
Your 3rd habit keeping you from progressing is you truly enjoy your time spent replying to notes like this thus instead of dwelling silently on what someone recommends you burn more time uselessly, unless it leads to someone revealing some clue you feel you need but I just explained that doesn't work, it's a losing strategy, and I'm not interested in your replies. I want to see you succeed. Do that. Please don't reply to this.
Awesome summary. There's an extremely low risk / xtrmly high reward strategy embedded within what you said.
What RN is referring to is I forced some trades this afternoon after following my plan to the letter yesterday