Pinkmans' technical analysis journal

Quote from Redneck:



some trades will lose - period

keep the damn things small

keep the damn things equal

otherwise you are trading erratic / implementing erratic risk management

RN
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I am guilty of drastically switching my ideas on risk/stops etc.
Sometimes I think big stops are the way forward, as the market simply isn't predicatable to within a few ticks in REALTIME, although is very easy in hindsight when there's nothing to the right of you screen except fresh air!


On the day where I got killed, it was BECAUSE my stops were, as you advise, small.
I was getting stopped again and again. Bloodbath. Death by a thousand cuts.

Damned if you do, damned if you don't.
 
Quote from pinkman:

I am guilty of drastically switching my ideas on risk/stops etc.

Sometimes I think big stops are the way forward, as the market simply isn't predicatable to within a few ticks in REALTIME, although is very easy in hindsight when there's nothing to the right of you screen except fresh air!


On the day where I got killed, it was BECAUSE my stops were, as you advise, small.

I was getting stopped again and again. Bloodbath. Death by a thousand cuts.
More...


Your post describes two diametrically opposed approaches to trading

And requires almost opposite skills (I said almost)

And I would bet you don’t understand either

========================

Your post also explains, in entirety, the problem



Quote from pinkman:

Damned if you do, damned if you don't.
More...


You’re not damned – you’re simply losing - and will till you can stand to lose no more

Then you’ll either change - or quit

It is a choice

RN
 
If you can't predict the market, you'll have losses.
They can either be very small and very frequent, or less frequent, but much larger
 
week 1 = +$643

Week 2 so far
Mon (-$1645)
Tues (-$700)
Wed +$2265
Thur +$639

See what tomorrow brings.
Amazingly, I could have another winning week.
I thought that idea was unfathomable after Monday and Tuesdays trading.
 
Man, I was so close to getting long the ES again, but decided to call it quits after having a good day! That would have been a beauty!
 
I'm not gonna trade it as i'm done for the day, but would be tempted
short cl if the demand line got broken.
Shall just watch instead.
 

Attachments

Quote from nkhoi:

You show only a simple chart but there are other thing going you don't show like T and S, DOM etc.
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??????
I don't use t+s or the dom.
Price action
 
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