Turning Profitable

again like most trades today .. entry was perfect .. but too early an exit , but no probs .. no trade taken no loss ...

better to remain on sidelines than take an uncomfy trade .. remember conserving nervous energy is good ...

thanks
mishwar
 
Quote from MTE:

Huh, scalping with delayed quotes on Yahoo!? Are you kidding?
More...

id say not pure scalping .. but say 2.5 pts and above is the aim.
but main point is never to let losses run

thanks
mishwar
 
saw the magic .. ? number i had given was 1306. and i was repeating from the opening bell..

now my question to students of trading ..
what and why did it happen ?

will discuss soon

stay tuned

mishwar
 
on this thread, will keep learning sessions on s n p 500 index mainly ...

now on close .. the index persistently goes towards 1310.5 which is the imp level .. if just W%R turns, we'll easily break past ... but like i always say .. never base your trades on guess .. if it forms we'll see .. if it breaks past, we'll see

thank
mishwar
 
Quote from mishwar:

loss of $ 10000 to profit of 40700 (without commissions).

Will now explain my strategy 90%. Some things cant be revealed.

will do increasingly serious trades. Students are welcome to ask questions. Im a real money trader from 11 years.

1) I follow safe waves.. (if you read my posts, you will see which ones are my favorites.)
2) the entry can be refined but I am unable to get access to live software and ES rates. I refresh on finance on yahoo and managing.

4) patterns are very important to me
5) price levels more or less secondary in my system. if i have access i use, but in my system they are optional
6) main main and v v v vital thing is cut out losers (will do it more regularly, early on indulged in some fun)
7) riding winners
8) adding to winners when possible

note:
pt .. 3 cant be revealed.

trades live in the following link

http://www.elitetrader.com/vb/showthread.php?s=&postid=1016882#post1016882

Thanks
mishwar
More...
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#1-7 looks fine, not sure about 8;
that puts your loss as you worded it ,@your biggest position.

Understand adding some early , but not ''when possible ''???????:cool:
 
Quote from murray t turtle:

==============
#1-7 looks fine, not sure about 8;
that puts your loss as you worded it ,@your biggest position.

Understand adding some early , but not ''when possible ''???????:cool:
More...

here's a hint .. why i added the word "possible" ..
3rd waves dont always allow you to add...its v v difficult .. i managed a couple today .. but thats only cause yest fall was bad so the wave was slow ... otherwise in a gradual fall its tricky and almost imposs ..thats why "possible"

thanks murray

mishwar
 
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