All I can do is sound the alarm for my readers--
Surf Report
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This is EliteTrader ...not eliteinvestor or elitemutualfund ...being kind of aggressive and/or smart and bold and tactical...kind of goes without say
I personally like to think I have a pretty good grasp on how the DOW/SPY/SPX chart will move/behave for the day ahead -- prior to the market opening bell,
If you were to ask me for a prediction two days, or a week, or a month, or year out...I would just say flip a coin. The whole dynamic then changes into much, much higher ambiguity.
Why not start a journal with your next day predictions? You really should, I'll read it.
surf
I have no interest in doing the journal or subscription game, or whatever else;
I'm just trying to currently grow my own personal account into a huge sum. -- Most likely nowhere near Dan Zanger or CIS...but still relatively huge nonetheless. God willing
By the way, my predictions are made before the Market Opens -- not the day prior.
There's a huge difference/advantage between those two, in my opinion. I consider a combination of variables during this stage, while still keeping an open, flexible, patient mind,
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I have no interest in doing the journal or subscription game, or whatever else;
I'm just trying to currently grow my own personal account into a huge sum. -- Most likely nowhere near Dan Zanger or CIS...but still relatively huge nonetheless. God willing
By the way, my predictions are made before the Market Opens -- not the day prior.
Ok, good fortune to you !
Such discipline, "FINAL" add was a planned trade of 3 units.
Averaging down an additional 5 units to raise the avg price to 20768 with original stop @ 20842
The OP has effectively doubled "their" <-(LOL) risk all for the sake to be "right" on "their" call...
If stopped it will be a total of 590 pts YM, multiplied by the number of contracts "defined" by a unit, which god only knows how many a contracts a "baller" with a collection of $10K watches swings...
Well said...
Even if this trade moves favorably in the direction of the OP, it was unnecessary risk, all to repair a broken ego...
Truetype when you reply, please make sure you are logged in as the correct alias...
Allright! We have turned profitable on the YM short. Holding but will close with small profit should the rally continue -- over exposed on this one---
surf
surf
David Goodboy,
Is this style of risk management in your book? To trade 3x your max limit to eek out a small profit?
Have some balls, as its only a paper/demo trade you are calling, why not go full retard with 100% max account leverage.
There is probably a setting somewhere in your demo account where you can specify a larger account balance so you can bet as many units as you want to.
Nope, im going for monster moves. Why else would you trade at all ? Might as well be a cubicle jockey for Aetna insurance if u are afraid.
This site is full of Gonzo hate vibers, nervous nellies, nervous grublets, and those who never tasted success.
surf
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