S/R Emini Journal

Status
Not open for further replies.
Quote from 4re:

Jim,
Thanks, I hope I answered your questions alright. The important thing when beginning your trading is to find a method that you understand and that will work no matter what market you are trading. Once this is met then you need to learn everything about the method while watching how the markets react around the levels you pick out. Once you feel like you got it then test the waters. If you just run up to the edge and do a cannon ball there might be a stump lurking just beneath the surface, guess what part of the body it will enter...If you know what I mean :)
More...


Very true. I don't want anything up there! I'm just on a Ninja simulator now. I don't plan on real money until I have two consectutive weeks of profitability and then my move to my real account will be with one contract for a couple more weeks or more of profit.

Best regards,
 
Quote from volente_00:

Princessa,


I LOVE IT WHEN YOU CALL ME BIG POP-PA !

Cause I see some ladies tonight who should be havin my baby
Bay-bee




:)
More...

okay, you made me laugh so maybe i'll forgive you....
 
Quote from volente_00:

Nice trading, what type of stop were you using on those trades? Scalping is ok but you have to have a high win rate to make it work.
More...

i was stopping at prior resistance level, usually within a point of where i entered. this strategy only works if you time it right...yeah, i realize you have to have a high win rate, but to me it's easier to win when you're only going for a point than if you hold out for 2 or more. also, if you'll notice, my second entry was lower than my first out, so i could've just held and gotten the two points. don't know why, but it just seems easier this way, maybe more nimble? don't like to get married to the position. just a quickie, if ya know what i mean....
 
Quote from princessa:

i was stopping at prior resistance level, usually within a point of where i entered. this strategy only works if you time it right...yeah, i realize you have to have a high win rate, but to me it's easier to win when you're only going for a point than if you hold out for 2 or more. also, if you'll notice, my second entry was lower than my first out, so i could've just held and gotten the two points. don't know why, but it just seems easier this way, maybe more nimble? don't like to get married to the position. just a quickie, if ya know what i mean....
More...

It is a decent way to build your confidence. The hard part is not letting confidence turn into cockiness. I trust you will not. You done well my friend.
 
Quote from Allen3:

Very true. I don't want anything up there! I'm just on a Ninja simulator now. I don't plan on real money until I have two consectutive weeks of profitability and then my move to my real account will be with one contract for a couple more weeks or more of profit.

Best regards,
More...

If nothing else maybe you will remember this analogy in a few years when you have been around the block a few times and new traders are asking you for advice.

Cheers,
Gary
 
Quote from TinGull:

HI Gary,

I think this will be the last time I'd like you to check my chart...I'm starting to get the hang of it and am about 90% wins paper trading, and am about ready to hit the big time.

Thanks for all your help!
More...

Oops, I forgot to post the revised chart for you. Look at this and answer he question then I will give you my answer.
 

Attachments

Quote from 4re:

It is a decent way to build your confidence. The hard part is not letting confidence turn into cockiness. I trust you will not. You done well my friend.
More...


merci boucoup....:)
 
Quote from 4re:

Oops, I forgot to post the revised chart for you. Look at this and answer he question then I will give you my answer.
More...

Hi Gary,

I didn't want to short there because I wait 4-5 ticks before entering after a level is broken, and doing that wouldn't give me two points before the level at 736.00. It would give me 1.5ish points, but, I'd rather wait to get the two points.

Hope that answers the Q...
 
Status
Not open for further replies.
Back
Top