S/R Emini Journal

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Quote from 4re:

I have blown an account or two as well. In fact when I first changed over and started trading futures I thought I knew what was going on and got cocky. That was one of those times where I should not have one in the beginning. I went from 5K to 20K in about 2 weeks. In one day I lost over 17K on one trade.

Very humbling experience...Not my worst trade ever by the way.

That must have been a hell of a reality check, what happened, did you keep on holding through the pain, believing it's gonna turn? COME ON!!! PLEASE, COME ON, PLEASE GOD, GOD DAMN IT!!! etc etc etc :D
 
Quote from romik:

That must have been a hell of a reality check, what happened, did you keep on holding through the pain, believing it's gonna turn? COME ON!!! PLEASE, COME ON, PLEASE GOD, GOD DAMN IT!!! etc etc etc :D

ROTFLMAO...I must have recorded me or something because I think those were my exact words. I just knew it was coming back. Next thing I knew my broker was calling me and I didn't know that number so I was ignoring it. Then my wife came into my office and said some broker is leaving you messages that you have to exit that trade or he would have to do it for me. Fun day at my house that day...
 
Quote from 4re:

ROTFLMAO...I must have recorded me or something because I think those were my exact words. I just knew it was coming back. Next thing I knew my broker was calling me and I didn't know that number so I was ignoring it. Then my wife came into my office and said some broker is leaving you messages that you have to exit that trade or he would have to do it for me. Fun day at my house that day...

:) that lesson is better learnt in the beginning, rather than later, so consider us LUCKY
 
Quote from 4re:

Lets see if 89 will hold

actually it was 1289.75 on July 03 and 1290 on July 07, would make for a nice triple top formation.


:confused:


tripple top of what? There is no uptrend to reverse....
 
Quote from romik:

:) that lesson is better learnt in the beginning, rather than later, so consider us LUCKY

I think it is good to let us know that we all have a little bit of dumbass in us. That is why I am more reserved in my trading. But a lot more content with it as well.
 
Quote from sportmatt37:

:confused:


tripple top of what? There is no uptrend to reverse....

Depends on what timeframe you look at as to what trend we have going. But you don't need a trend to bounce off of a resistance from 4 weeks ago.
 
Quote from 4re:

Depends on what timeframe you look at as to what trend we have going. But you don't need a trend to bounce off of a resistance from 4 weeks ago.

true but that would not make it a triple top, basic TA principles - for a reversal, you need to have something to reverse. But I see what you are getting at now
 
Quote from ksonsinc:

woh 4re
that must have been painfull $17K
not bad $5K to $20 a 2 weeks
that is something

I wasn't happy. My wife wouldn't let me put more money in there. So I rebuilt it one trade at a time.
 
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