Rimm

Quote from ForexForex:

No ...... His tone is very condescending.
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It might look that way, but in my opinion, this is not the style of RN.

Read his posts, he is actually a helpful fellow.

Oh well, just my opinion, and hats off for placing your calls before the fact, lot of respect for doing that FF.

FoN
 
Quote from Redneck:

Pretty pathetic when you have a guy post a long…, lose…, then get busted on…..
And not one of you offers an iota of help on how he could do better next time

I had some losing trades today – care to bust on me???

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Disclaimer

I do not trade options
I’ve been trading RIMM for the past few months

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Now let’s see if I can back my mouth with some substance


FF

1.) Always know the bigger picture
2.) Never buck the bigger trend unless price breaks out, then confirms it…
3.) Sept 1, and Sep 8 price tried to break out of the bigger trend but failed both times (see either attachment)
4.) Sept 8 price made a lower high (see either attachment)
5.) Sep 12 – 15 price has been in a range, below the lower high (either attachment)
6.) The uptrend, on Attachment 2, kept falling – to the downside (btw the dashed cyan colored lines are fib extensions off the main uptrend channel)
7.) Two days ago, two 5 minute bars formed containing ~660K each of selling/ shorting (either selling in panic, or shorting in anticipation – I believe it was the latter base on seeing them form)
8.) Daily Trend was down (see Attachment 1)
9.) Weekly Trend was down (see attachment 1)

Unless price broke to the upside of the Sep 12-15 range w/ conviction – there is only one logical way for it to move

Volume confirms everything I just stated above

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Below are two attachments;

One of the overall battlefield

One in more detail

Paints a pretty clear picture

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Food for thought….

Strength is reflected in down bars, weakness in up – no matter the time frame


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Final comment…..

FF

Next time my I suggest you familiarize yourself with the environment you're trading – and lose the ”elite” ego…


Gentlemen

How about lending a hand next time, and saving the rhetoric – seriously

RN
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You feel better now?
 
Quote from ForexForex:

No ...... His tone is very condescending.
More...



FF

FoN is correct

And I was not sharing my opinion – my opinion means piddle squat

I was sharing the story price was telling

Good trading

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FoN

Thank You Sir

RN
 
Quote from Redneck:
Pretty pathetic when you have a guy post a long…, lose…, then get busted on…..
And not one of you offers an iota of help on how he could do better next time

I had some losing trades today – care to bust on me???

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

Gentlemen

How about lending a hand next time, and saving the rhetoric – seriously

RN
More...


Rereading this post, and my subsequent reply – I didn’t respond as clearly as I should have

So here’s the deal

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FF posted that he had entered a long position – then said he’d post the result

Position turned into a loser – He exited – He posted such

No biggie

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But then for some unexplainable reason he proceed to get busted on – for simply taking a loser

For protecting his capital

For doing exactly what every competent trader must do – every single day – if they wish to succeed

PROTECT THEIR CAPITAL – first and foremost….

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Iow

He did…, what every trader does…, every day of their career

Enter a trade

Trade either profits or loses

Exit trade

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Him getting busted on – for doing the right thing – sends a mixed message to anyone reading this thread…, at least in my dumbass mind

And it’s a mixed message that is totally wrong…….

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IMO we should take every opportunity to applaud any trader, that enters, then exits – with out hesitation, making excuses, or bullshit…..

ESPECIALLY when that position has turned against them

That is exactly what successful trading is all about

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This was message I was trying to convey – and this was the most important point of my initial post….

Unfortunately I glossed over that aspect…., then went off in a different direction…. and discussed price and charts – which is what everyone then focused on


Hell FF even thought I was bustin on him – so obviously I was wrong with what I posted

I sincerely apologize for that

It is important to always keep things clear and un-muddled with regard to trading – I failed to do so

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And yes Spindr0 – I feel better now

RN
 
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