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T/A Trading Journal
- Thread starter Rashid_G.
- Start date
Quote from macattack:
Rashid, Where did you put your initial stop loss on that trade? (if you use stops)
I use an automatic 2 point stop. Technically trade still valid till a close under 1868 or so (some say it should be just inside the breakout at 1871.5.. where I had it) but good trades work immediately so I don't give that much room.
Quote from Rashid_G.:
I was sure my PC was frozen many times today.. They put markets on Hypnotize setting but have to have an eyelid open lest something happens not easy.. $15 for my time.
Yeah.........I thought the same thing. I kept wondering if the market was closed at times or if it was a major holiday. I just don't get how it can be so incredibly inactive some days, especially on a Monday. Good job not getting chopped up on a slow day. $15 gain is a lot better than a loss.
Yes, must appreciate it even more than the big winning days as days like today usually decimate my acct. However you do it (doing nothing included), handling slow chop days is a good test for a trader. That initial "break" of 1892 similar to the 1873 on Friday.. The only reason I didn't take it is 1894 was a failed attempt in December.. Wish I had another way of figuring out it's low odds of going.
Quote from Rashid_G.:
Yes, must appreciate it even more than the big winning days as days like today usually decimate my acct. However you do it (doing nothing included), handling slow chop days is a good test for a trader. That initial "break" of 1892 similar to the 1873 on Friday.. The only reason I didn't take it is 1894 was a failed attempt in December.. Wish I had another way of figuring out it's low odds of going.
The chart preceding the break on Friday had nice, clean price moves compared to the mess of a chart today preceding the move. It's hard to describe, seems ever harder to notice it in real-time. Part of the art of trading I guess.
Morning Prep...
Well here is the low 1880's area I planned to buy yesterday (can't wait to swing trade this). Hope it trades slow down here for a good setup.. Hourly wedge forecasts a break up.. BUT NQ going up 10 days in a row?? Anything possible but the odds... Most likely I won't overstay a long welcome. If it runs quickly will look for 1888 area short.
Well here is the low 1880's area I planned to buy yesterday (can't wait to swing trade this). Hope it trades slow down here for a good setup.. Hourly wedge forecasts a break up.. BUT NQ going up 10 days in a row?? Anything possible but the odds... Most likely I won't overstay a long welcome. If it runs quickly will look for 1888 area short.