Son of If You Can Draw a Straight Line . . .
- Thread starter dbphoenix
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Ok, great day to see how far away I still am, but it was motivating. By no means I would have taken the evil knievel long at the V rev just yet, but man I am jealous of that! Way to go 40.
After the first entry, the thing was I was expecting R at 200-98, and the strong downswing was a motive for me to exit the first long. From there on everything was downhill, I guess my lines are also too close to price, but then again sometimes they are just too far away, need to find some sort of balance.
Read the whole thing after 12:00 so that is why I did not participate. Working from a different time dimension these days. Until I sort some other things out.
After the first entry, the thing was I was expecting R at 200-98, and the strong downswing was a motive for me to exit the first long. From there on everything was downhill, I guess my lines are also too close to price, but then again sometimes they are just too far away, need to find some sort of balance.
Read the whole thing after 12:00 so that is why I did not participate. Working from a different time dimension these days. Until I sort some other things out.
Quote from niko:
is like the first time riding a bike without the training wheels. So scary. But I will do it from tomorrow on, no more lines..... It will be a mess, but it also was a mess when I fell from the bike because of the lack of the damn wheels, so WTF.
Thanks
Look over the Hire Yourself to Do a Job thing I posted at TL (http://www.traderslaboratory.com/forums/wyckoff-forum/15896-how-do.html). Get yourself a digital voice recorder* and record everything that runs through your mind while you're either observing price or trading it. Review the recording after you've assumed the role of coach (and gotten past the listening to your own voice thing) at the end of the trading session. Give yourself a hard time, but also pat yourself on the back when possible.
At some point you'll be able to start peeling off all those PostIts on your monitor and trade more confidently.
*I had an Olympus back in the day. I see you can get a VN7100 for $30 at Amazon, but I don't suppose it really matters what brand you get as long as it's cheap. Rely on the reviews.
Quote from Gringo:
Niko,
Booo haa haaa haaa. No stress. You're are a feather. Let the winds take you where they may. Don't think of it in terms of riding a bike for the first time. Think of it instead in terms of love. It's time to make it...happen for real.
Gringo
Just take care to avoid those premature exits.
db, I will be looking very closely at the method you are explaining here. It looks like trend trading : which part of the trend are you aiming to catch ? till which part of the trend?
If these questions have been answered prior, feel free to point it out with the page link.
Just now going through the start.
If these questions have been answered prior, feel free to point it out with the page link.
Just now going through the start.
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