Trading Dummies

a few trades today, light size because I was listening to some people talk...I love wireless :p

Short DE, shook out on spike for a loss
Long BA, nice gains
Short X, shaken out
short URBN, loss
long AAPL, nice gain

all in all, + a bit on the day...long term account is doing well with oil exposure, but getting hurt on SWKS, GT recently.

good luck all
 
listening to people talk all day. only two trades.

AAPL-short on breakdown, out late-profitable
ARD-nice trade, not much size
 
Hi Everyone,
What have you all been doing when your enter buy/sell stop is not triggered in the next bar? Do you just leave it out there if no inside bars follow (then you would reset it)?
 
If it doesn't trigger, it is cancelled. If another dummy sets up then its reapplied at that new level. If you look at previous examples I've given, you'll see this explained repeatedly.
 
One more question if I may, Babak. Actuallly two.


I understand that we should wait until the inside candle forms after 10 am. If it forms before this time frame, should we ignore it and wait?

After the inside candle forms, the next step is the decision is to go long or short. Should we go with the general trend of the market or the trend of the stock's sector?

Thank you
 
You must log in or register to reply here.
Back
Top