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Trading Journal - July
- Thread starter Seanote
- Start date
I originally PM you, but thought it might help everyone here to have them answered in the public forum.
I saw your posts today and some very good trading. You said you mainly look at naz and sp futures for direction and for stocks going to the whole numbers. You also give them decent wiggle room. It sounds like you are not using charts really at all. I have traded in a similar manner but sounds like you are having more success with it. I get shaken out of a lot of trades so I am trying to get a better grasp of how you stay in longer. I just had a couple of questions about what would make you get in or out of a trade.
Are you focusing on Level 2 at all or on who is buying or selling?
What else causes you to get into or out of a trade besides the futures? It seems like you were pretty selective on which trades to get into (assuming you posted all your trades) so it would seem you look at other things to base your decision on. Thanks for your help.
I saw your posts today and some very good trading. You said you mainly look at naz and sp futures for direction and for stocks going to the whole numbers. You also give them decent wiggle room. It sounds like you are not using charts really at all. I have traded in a similar manner but sounds like you are having more success with it. I get shaken out of a lot of trades so I am trying to get a better grasp of how you stay in longer. I just had a couple of questions about what would make you get in or out of a trade.
Are you focusing on Level 2 at all or on who is buying or selling?
What else causes you to get into or out of a trade besides the futures? It seems like you were pretty selective on which trades to get into (assuming you posted all your trades) so it would seem you look at other things to base your decision on. Thanks for your help.
Originally posted by cornholetrading
Are you focusing on Level 2 at all or on who is buying or selling?
What else causes you to get into or out of a trade besides the futures? It seems like you were pretty selective on which trades to get into (assuming you posted all your trades) so it would seem you look at other things to base your decision on. Thanks for your help.
For the liquid stocks,i don't think one MM can control a stock,so level 2 becomes not as helpful as it would be for a lower volume stock.I also look at when a stock stalls out after a move.This is probably a good time to take some profits.Also,after you trade for a while,you get gut feelings on what you should do.