Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
No more trades yet or expected today!
More faith in method required, market moves up to upper 9's range, I expect it to continue, 90% of the time it reverses there and gets back on the 24's direction.
Had the day planned, to just trade, but no, had to run kids around, wait around, bla bla bla thankfully Ipad saved the day, but still 90mins total tops, wanted 6hours
Quicker on the exit, when trend turns against me, could of been out +40 hesitated, cost me a lot
More faith in method required, market moves up to upper 9's range, I expect it to continue, 90% of the time it reverses there and gets back on the 24's direction.
Had the day planned, to just trade, but no, had to run kids around, wait around, bla bla bla thankfully Ipad saved the day, but still 90mins total tops, wanted 6hours
Quicker on the exit, when trend turns against me, could of been out +40 hesitated, cost me a lot
here is the chart, badly drawn arrows are setups, that was all trend pretty much!
I took the top long, it turned down, I HOPED for a turn up and didn't swap sides
View attachment 163539
When price hits Cyan colored lines, you can take a breakout of lowest lows to upside for few ticks or sell under highest lows.
Had a lesson in not counter trend trading, saw 50 profit, hesitated and too late.
Hesitation, doubt and hope are the issue here not the method, thats looking sweet
Counter-trend you have to be quicker to go to breakeven but they often will give my 50% more than trend trades.
Counter Trend, it drops to 10% bounce and 90% continue, so not if counter trend.
Screwed that 1 up, distracted and stupid, had finger on the exit button so many times.
3Pts lower after I killed it and it turned, for a $100 profit
Totally missed the 40pt trend down this evening, cooking food
Or US30's 70pts
Nooo, next pull back goes wild and missed it!!
Method is GREAT, it's simple, just got to get trading it more and using more setups
And missed 2 other pull backs, then an easy to spot trend change.
After sitting here bored for 2hours, then get tasked and miss the good stuff.
FML as the kids say!
and missed it!!Method is GREAT, it's simple, just got to get trading it more and using more setups
And missed 2 other pull backs, then an easy to spot trend change.
After sitting here bored for 2hours, then get tasked and miss the good stuff.
FML as the kids say!
Nature of the beast, some markets you make just few ticks when scalping as they often ties only really for long term trading, but wait long enough you rewarded with nice amount. Purple is entering on BB, Cyan are retracement type breakout trades, yellow are reversals with increase volume. To me day trading is about seldom losing and adding size. Who cares if I am just making 2-3 ticks each trade as it adds up.
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5-20pts ( more is nice, if it runs ) is about what I'm getting via DAX, I'll add $1 per pt soon ( 2 positions so +$720 needed per $1 upgrade ), more helps compensate for trades that go errm wrong mind.
Steps will get smaller, as I'm trading with more, 25% here, then 20% and so on before upgrade.
Get to $100 per position, then I only need 50pts per month to live much better than I do, today LOL
Sadly, got busy 2 trades +$75 on the day, looking at the charts depressed, +$1000 easy
Work tomorrow
getting annoyed want to get on with trading, but no, sucks!