Dr. Deco was an old fraud whose endless drooling foolishness will not be missed and who is already forgotten by anyone here but halfwits. We can be thankful that the endless churning and turnover of threads and membership here is like a buldozer burying garbage in a landfill. Threads by posters who don't take trading seriously are memorialized only as the stink of methane rising up through the garbage heap that is ET's archives.
NoDoji's Day Trading Log
- Thread starter NoDoji
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Order! Order!
Let's keep the convo on track!
Better yet, let's all take the rest of the day off and go play in the park.
We'll be there from 11:30 a.m. (Mountain Time) through the early afternoon enjoying picnic with friends, followed by Bocci, croquet and volleyball.
I'll resume my quest for the Holy Grail later this evening.
Let's keep the convo on track!
Better yet, let's all take the rest of the day off and go play in the park.
We'll be there from 11:30 a.m. (Mountain Time) through the early afternoon enjoying picnic with friends, followed by Bocci, croquet and volleyball.
I'll resume my quest for the Holy Grail later this evening.
Forgive me, NoDoji. My earlier reference to scaling out was sincere, and my agreement with Mr. Snopes's earlier post was genuine. In fact, it is because I think Mr. Snopes is correct that I believe scaling out is an essential element of a well thought out trading strategy.
I will not clutter your thread any further. However, I do hope that bighog answers my question for our mutual benefit, seeing as how his words carry the force and majesty of 25 years' experience.
I do not feel obligated to answer any question and will respect Nods request to restore order in "HER" thread. She has had to stiffle me before.
Besides, the truth of the matter is that in order to avoid nitpicking and symantics after i tell them in a very nice way to buzz off.
Yes i have a lot of fighting missions under my wings since i first picked up an issue of Wall Street rag in 1974 during the 70 % drop in stock prices during the hellish 1974-75 kick ass recession. If i did not still have losses i would claim to know all there is about trading, hahahaha, that will never happen because mkts are a composit of giga zillion minds and inputs. But this i do know................beginners are a pain in the ass because they want to argue more than listen and learn. THAT is why i do make a small contribution to Nods education............... she is willing to listen to others and decide for herself what is of value.
Put that in your hat and drop forget about any answer to a questioin i refused to read.
PS: Went to the "cookie walk" this morning at the Junior High School. $12 dollars for a box and you walk around the kids cookie displays and fill your box. The proceeds are for the school band. I was so impressed with the kids and the GREAT selection of all homemade (naturally) cookies, i bought 2 boxes and gave one to my sis. It was fun.
Besides, the truth of the matter is that in order to avoid nitpicking and symantics after i tell them in a very nice way to buzz off.
Yes i have a lot of fighting missions under my wings since i first picked up an issue of Wall Street rag in 1974 during the 70 % drop in stock prices during the hellish 1974-75 kick ass recession. If i did not still have losses i would claim to know all there is about trading, hahahaha, that will never happen because mkts are a composit of giga zillion minds and inputs. But this i do know................beginners are a pain in the ass because they want to argue more than listen and learn. THAT is why i do make a small contribution to Nods education............... she is willing to listen to others and decide for herself what is of value.
Put that in your hat and drop forget about any answer to a questioin i refused to read.
PS: Went to the "cookie walk" this morning at the Junior High School. $12 dollars for a box and you walk around the kids cookie displays and fill your box. The proceeds are for the school band. I was so impressed with the kids and the GREAT selection of all homemade (naturally) cookies, i bought 2 boxes and gave one to my sis. It was fun.
+ $18
Watched CL in pre-market and went to short it @ 75.04. Before I could hit the Ask column, it dropped to 74.94, which put it out of my $200 stop range, and it proceeded to make new lows. This is a tricky one to day trade. In sim I chase these when they pull away from me like that, but I canât risk it in the live account because of the slippage factor with CL.
Was about to short JPM @ 41.85 and it fell from under me about .20 cents before I got the order placed. No chasing here.
Short ES @ 1106.25 breakdown through the 20 EMA after an attempt to break through the pre-market high. Moved stop to b/e, hit for +$7.70. I moved the stop too soon, but this is what I always do on the lower probability entries. I really shouldâve shorted the upper channel line overshoot and taken a very nice 4-5 pt profit instead of waiting for further action.
Short JPM @ 41.70, L2 price action trade, covered @ 41.67 when buyers came back in causing price to pivot off a higher low: +$10 (Missed a technically confirmed setup not long afterwards while taking one of those costly potty breaks.)
Out for quite a while, then returned to find that Bernanke failed to spur a break through highs and the market had tanked quite nicely. Missed that move altogether. Made me wish I just kept my initial short on and closed end of day, ha!
Friend coming in to town, so Iâm done for the day. Not sure how much trading Iâll be doing this week; may take much of the week off.
Watched CL in pre-market and went to short it @ 75.04. Before I could hit the Ask column, it dropped to 74.94, which put it out of my $200 stop range, and it proceeded to make new lows. This is a tricky one to day trade. In sim I chase these when they pull away from me like that, but I canât risk it in the live account because of the slippage factor with CL.
Was about to short JPM @ 41.85 and it fell from under me about .20 cents before I got the order placed. No chasing here.
Short ES @ 1106.25 breakdown through the 20 EMA after an attempt to break through the pre-market high. Moved stop to b/e, hit for +$7.70. I moved the stop too soon, but this is what I always do on the lower probability entries. I really shouldâve shorted the upper channel line overshoot and taken a very nice 4-5 pt profit instead of waiting for further action.
Short JPM @ 41.70, L2 price action trade, covered @ 41.67 when buyers came back in causing price to pivot off a higher low: +$10 (Missed a technically confirmed setup not long afterwards while taking one of those costly potty breaks.)
Out for quite a while, then returned to find that Bernanke failed to spur a break through highs and the market had tanked quite nicely. Missed that move altogether. Made me wish I just kept my initial short on and closed end of day, ha!
Friend coming in to town, so Iâm done for the day. Not sure how much trading Iâll be doing this week; may take much of the week off.
I am also basically wrapped up for the year. Will still be around for any excitement from reports but operating on half a lung until the new year.
New year will be regular routine............ORB for the first hour to get the engine running. First hour breakout if the hours range was narrow. The rest of the day is usually just watching for a breakout of a certain level and also the level on the other side. That in a nutshell is my whole deal and is very simple but in reality it took a lot of screen time and losing trades to get to where i can look at a chart and intuitively pick the right levels. It is very satisfying to be right. The reward is the money but the real satisfaction is beating the game.
I want to say Nod has made tremendus progress in a years time. She experienced the agony of defeat (like on Wide World of Sports when they showed that poor skier week after week ) and she has bounced back to continue the quest of winning in an extremly tough game that has killed many a mice and men.
Remember this for the new year.........LESS IS MORE.
PS: If i was thinking i would have bought another box of cookies and froze the whole box. HA, just like home baked cookies and it would have helped the kids. Next year i will be prepared more.
New year will be regular routine............ORB for the first hour to get the engine running. First hour breakout if the hours range was narrow. The rest of the day is usually just watching for a breakout of a certain level and also the level on the other side. That in a nutshell is my whole deal and is very simple but in reality it took a lot of screen time and losing trades to get to where i can look at a chart and intuitively pick the right levels. It is very satisfying to be right. The reward is the money but the real satisfaction is beating the game.
I want to say Nod has made tremendus progress in a years time. She experienced the agony of defeat (like on Wide World of Sports when they showed that poor skier week after week ) and she has bounced back to continue the quest of winning in an extremly tough game that has killed many a mice and men.
Remember this for the new year.........LESS IS MORE.
PS: If i was thinking i would have bought another box of cookies and froze the whole box. HA, just like home baked cookies and it would have helped the kids. Next year i will be prepared more.
bighog, I've enjoyed your posts and appreciate all you've offered of your experience to NoD and the rest of us here. I've been in this game only a little longer than she, and already it seems you (and her other mentors) have her kicking my ass around the block on many days.
I've particularly enjoyed hearing your take on the ORB game, or "ORG" as I've heard it referred to by certain 'gurus'. If you felt so inclined, and I don't know why you would, but I would love to hear you comment in general terms on methods used for avoiding excessive multiple stops on early chop days, and/or on how one manages to end up in the green or at least flat after getting chopped up on ORB in the early going (I believe you mentioned a 4-stop day you had not too long ago). I know you've mentioned things like if the range is tight, wait for the 1st hour BO, but as we all know "tight range" is a picture that sometimes only becomes clear after we're already bleeding from multiple cuts. For instance, would sizing up on later BO plays be a part of your strategy?
Anyway, thanks again for your significant contribution to this thread.
I've particularly enjoyed hearing your take on the ORB game, or "ORG" as I've heard it referred to by certain 'gurus'. If you felt so inclined, and I don't know why you would, but I would love to hear you comment in general terms on methods used for avoiding excessive multiple stops on early chop days, and/or on how one manages to end up in the green or at least flat after getting chopped up on ORB in the early going (I believe you mentioned a 4-stop day you had not too long ago). I know you've mentioned things like if the range is tight, wait for the 1st hour BO, but as we all know "tight range" is a picture that sometimes only becomes clear after we're already bleeding from multiple cuts. For instance, would sizing up on later BO plays be a part of your strategy?
Anyway, thanks again for your significant contribution to this thread.
Quote from bighog:
New year will be regular routine............ORB for the first hour to get the engine running. First hour breakout if the hours range was narrow. The rest of the day is usually just watching for a breakout of a certain level and also the level on the other side. That in a nutshell is my whole deal and is very simple but in reality it took a lot of screen time and losing trades to get to where i can look at a chart and intuitively pick the right levels. It is very satisfying to be right. The reward is the money but the real satisfaction is beating the game.
I must say that I see the ORB work very frequently, but I'm still not real comfortable with it now because price has been breaking to the upside but only for a short bit further before pulling back (sometimes quite hard).
Lately, I watch for the long trigger price to be approached and I think to myself, OK price will probably move 6-8 ticks further, then pause, and that's where I'm looking for a short entry. I was pissed at myself for not shorting @ 1110.00. It was a case of thinking instead of following my strategy!
Quote from bighog:
I want to say Nod has made tremendus progress in a years time. She experienced the agony of defeat (like on Wide World of Sports when they showed that poor skier week after week ) and she has bounced back to continue the quest of winning in an extremly tough game that has killed many a mice and men.
Remember this for the new year.........LESS IS MORE.
Thanks! I agree more than ever that less is more.
I have to thank Hog for opening my eyes to facets of trading that I never really thought of. I'm still a counter-trend trader at heart, but I no longer attempt counter-trend trades without a reason. I used to put on a counter trend trade simply because stochs indicated overbought or oversold. I now wait for other factors to play out, and pick much higher probability entries for catching the start of a new trend (from the reversal point). Hog helped me see the value of trend-following, and of taking profits and getting back in. He answers my endless questions, provides guideposts along the way, and who knows maybe some day will get on Skype with me and say, "NoD, just do exactly what I do and double your account in 6 weeks or less."
As for ass-kicking, I'm looking forward to posting regular $3K and $4K days next year. I made an appointment to get my balls of steel installed before year end.
A little while ago I showed my friend who's visiting what I do each day. I opened my IB sim account, traded CL and made $410 in about 15 mins. Of course she asked me why I wasn't in my real account and I didn't have an answer
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