TonySanDiego TRIES to trade

[illiquid]

I hope by opening orders you meant you bought the open and sat all day? Don teaches that too?

 

[TonySanDiego]

Sean Juan, ddefina,

Thanks. Good thoughts all.

I am trying to write down my rules for trading. This is harder than it looks, at least for me. (perchance because I have no rules ??)

I wish I had simply opened my orders and sat all day......

I am trying to figure out how much room I need to give my opening orders to work. I get real uncomfortable with the drawdown needed before some of them work out.

sigh..... so much to learn, such a dense head.

 

[nkhoi]

Tony, have fun

edit: tip of how to use snagit, nothing about trading

 

[Rigel]

Originally posted by Mr Subliminal
How'dya think I built up my grubstake?

That's perfect.
LMAO

 

[TonySanDiego]

OK on the opening orders.. only 2 fills but that's ok. I wasn't as panic stricken.

2 Decent SPY trades

Need to let my winners run a bit more. I am sure the first time I try to stretch it, I'll end up with zilch.. but I do need to work on it. I suspect that judgement comes with experience reading the mood of the market on any given day.

 

[TonySanDiego]

And I managed to get off a couple of OK trades in the NQ.

But there was considerable mismanagement by management on some of the entries.

Gotta work on that cluck factor..

 

[TonySanDiego]

Didn't get much out of opening orders today. My hits just didn't perform.

 

[TonySanDiego]

And my spy trade wasn't any good

 

[TonySanDiego]

And my NQ efforts were awful

 

[Mr Subliminal]

Yesterday you cut losses quickly (-1.5, -1.0, -1.0), yet on Wednesday and today you let them run a bit (-6.0, -5.0, -5.0).

Set a stop loss - maybe 1.5 points is a little tight, but 5 or 6 points is too generous for your style of trading. Be as discretionary as you wish, but have a predetermined stop. Keep posting and chin up for the weekend.