If you take yourself seriously and are not lying, you are either very rich by now, or very deluded. If you can prove a market is more predictable on any timeframe versus another, you are a genius. I maintain this is not true.
Sell ES 931 Objective 780
- Thread starter TheBestGuruEver
- Start date
If you take yourself seriously and are not lying, you are either very rich by now, or very deluded. If you can prove a market is more predictable on any timeframe versus another, you are a genius. I maintain this is not true.
simple. 1) you were gambling. 2) you are using bad money management 3) you need to learn to trade. 4) you are way overleveraged in a very volatile instrument
LOL. How is my trade "gambling"? Because I use a 30-point stop? I would say a 2-point stop is MORE gambling.
Trust me, I am not nearly overleveraged. 15k loss isn't that horrible when trading/investing. When the Dow fell 8,000 points, do you think people lost 100 bucks. haha.
My idea of money management and risk is obviously different than yours, doesn't mean it's bad.
I am even thinking of selling 20 YM contracts with possibly a 200-point stop.
IF I was an institution and got good order flow, better information, and more leverage, than I might (or might have to) use a 5 point stop on ES.
I've decided more than 2 round turns a week is over trading. Am I wrong? It's totally subjective.
Good luck.
Trust me, I am not nearly overleveraged. 15k loss isn't that horrible when trading/investing. When the Dow fell 8,000 points, do you think people lost 100 bucks. haha.
My idea of money management and risk is obviously different than yours, doesn't mean it's bad.
I am even thinking of selling 20 YM contracts with possibly a 200-point stop.
IF I was an institution and got good order flow, better information, and more leverage, than I might (or might have to) use a 5 point stop on ES.
I've decided more than 2 round turns a week is over trading. Am I wrong? It's totally subjective.
Good luck.
Have you forgotten your OP?
First big bet in 3 months
95%+ of people on this forum are gamblers - just call a direction and plunk down the money - and they would be hard pressed to defend their calls. 5-% of the people on this forum are traders - they make the money off of the gamblers.
That was not what was said. That the [stock] market is effectively unpredictable after a few days out has been established by several. At that point, you are being an economist.
Nope, it's still there.
Because of the events of the last few days , I will like to add that chances that the OP will get stop out have increased drastically.
Because of the events of the last few days , I will like to add that chances that the OP will get stop out have increased drastically.
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I'm sure most people would rather I failed then succeeded, but what "events" are these? The markets like to close "bullishly" on a Friday only to trap technicians and reverse the next week. I have no clue, which I why I wait for more "macro" set-ups and use a wide stop. Being a trader used to be fun, 20 round turns a day and all kinds of charts, but I still think you can make more money with bigger bets, wider stops, and much, much less trading.
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I'm sure most people would rather I failed then succeeded, but what "events" are these? The markets like to close "bullishly" on a Friday only to trap technicians and reverse the next week. I have no clue, which I why I wait for more "macro" set-ups and use a wide stop. Being a trader used to be fun, 20 round turns a day and all kinds of charts, but I still think you can make more money with bigger bets, wider stops, and much, much less trading.