I'm not fighting this alone
Not that anyone is capable of changing there mind would involve accepting there was wrong.
I was wrong at first, I believed the 4.8% death rate for a few weeks, before realising the playing with numbers to scare people.
This virus is a nightmare within a nightmare...how can the markets be at all time highs?
- Thread starter noddyboy
- Start date
I'm not fighting this alone
Not that anyone is capable of changing there mind would involve accepting there was wrong.
I was wrong at first, I believed the 4.8% death rate for a few weeks, before realising the playing with numbers to scare people.
Obviously, the ES doesn't fit your personality, unless you are suicidal.
At this point.. worst/only devastating financial decision of my entire life, talk about shooting yourself in the foot, fuck.
Okay what would you suggest besides ES? I like the flow and hours of the ES, I stay up really late and sleep through the morning time, just leaving stops in place.
Happy for you up in Ohio. Things are a looooot different in Florida (especially down here in South Florida), Arizona and Texas.
BTW I almost never turn on my TV. You should try that.
It all trades the same, ES and YM follow each other well, NQ not so close, anything you can learn with for cheaper ?? Demo for a while maybe ??
He could also trade the bastard index that margins at about half of ES, namely the Russell.
Bottomline, most people should just trade multiple lots of the micros and not lose their shirt/s*** in the 1-2x per week binary overnight moves that will stop them out at the highs/lows.
Ah... the Ron Popeil method of trading, set it and forget it!
One problem is you have not quantified anything! Other than your worst "devastating" financial decision.
First thing to look at is the MFE of your trades, each trade stands on it's own. Did it ever go into profit? By how much? Was that what was expected? How long of a hold before profit? What happened after it went in your favor? MFE alone will tell you if you ever even had a shot at the trade working as you expected.
Next you do the same thing for MAE, each trade stands on it's own. Obviously, a stop dictates the maximum, so when it first went against you and what followed is the important stuff. Here you are looking for ways to reduce your loss, iow, stop placement with less loss.
None of this at this point involves modifying or changing your setup. This is merely what your current trade setup(s) looks like, by the numbers. You need to know the numbers before you can even think about changing them.
There is another on this forum who trades the index micros... Many of his entry trades are at somewhat extreme levels... takes longs at highs, and takes shorts at lows. And then he comes here and complains about holding his trade through 100's of ticks of heat. For weeks sometimes! You mean to tell me that out of several hundred ticks of adverse movement there was not a noticeable, and noticeably and significantly less "devastating" place to make a correction or get out of the way? Don't be that guy!
Good trading to ya.
I will tell you why the young and restless among us in the US are rebelling:
Here in Orange County CA, there are 16,000 confirmed cases, 363 death. Of the 16,000 cases, 40% are those under 35. Of the death, there were exactly 3 for those under 35.
If you are among the 1.5 million under 35 in OC and you see 3 death among you since March 2020 and you compare that to other causes: Total death in a year for the county was 20,000 of which 543 were from flu. What is the death rate for the under 35? 3 out of 6,500 is about ~ 0.05%. And your Government shut down the economy so you no longer have a job and warned you of your grave danger of dying from covid-19.
IMHO, we in the US need to figure out how to protect the vulnerable without punishing the young. When we use a shotgun approach we lose credibility. Our young are not sheeps, they won't automatically follow.
I am not among the young and restless, we self quarantined since March 2020 and will comply until the coast is clear. However, this blanket approach is costing the young dearly as they are the majority of unemployed.
No, I don't have the answer. It is beyond my pay grade.
