Must be sweet revenge..
YM Magic!
- Thread starter TheTrue1
- Start date
Should I wait until the losers hit the stop loss also. Are you stupid?
Why are you posting stop and profit limits on an entry here in the journal if you do not stick to them? Just stop with the "sl30 pt30" stuff if you do not stick to them.
Really sir. Would you not exit a trade prior to your stop loss if it started to go bad? You complain about the winners but not the losers. I don't revenge trade. I trade to win.
Stops and targets don't matter in La La Land.
Actually no.
28 trades
14 won
50%
Profit---$9,375.00
Loss---$5,500.00
Difference---+$3,875.00
Fees(140 contracts@$4=$560.00
Net Profit---$3,315.00
3 week totals:
Total Profit---$9,066.00
Total Percentage Gain---90%
Total Win Percentage---60%
NOTES:
*There will not be anymore Asia/Europe trading.
*3 weeks(15 trading days). 3 losing days of $50, $100, $250.
*Biggest losing trade 1463--Biggest winning trade---2000
* Never dipped into principle($10,000) more than $300(around the 3rd or 4th trade
*As for the 50% in two weeks I stated I would do at the beginning of the week...we are at 33% in the first week.
*As for the 100% monthly I stated I would do 3 weeks ago...we are at 90% in 3 weeks.
TRADERTALK....
AFTERNOON GUYS! LET'S TAKE A LOOK BACK AT THE TRADING WEEK. BUT FIRST, IN RESPONSE TO OVERNIGHT AND FX XTC. DO NOT BECOME MECHANICAL IN YOUR TRADING. DO NOT BE SO FOCUSED ON ALLOWING YOUR TRADE TO HIT YOUR STOPLOSS OR PROFIT TARGET, THAT YOU DON'T SEE WHAT IS TRANSPIRING IN THE MARKET RIGHT BEFORE YOUR EYES. FOR EXAMPLE, YOU ARE IN A TRADE LONG. THE TECHNICALS, BEGIN TO TURN TO SELL. THE 5 MIN FIRST AND THEN THE 30 MIN. YOU ARE NOW 15 POINTS DOWN. YOUR STOP LOSS IS 30. ADD TO THAT, WHAT YOU HAVE DETERMINED TO BE THE REASON FOR THE MARKET MOVE, IS CHANGING COLORS. IN THIS CONVERSATION WE WILL USE THE HEALTHCARE VOTE. IT MOVES FROM YES WE HAVE THE VOTES TO MAYBE WE DON'T. THEN TO PULL IT. FRIDAY WAS ALL ABOUT THE VOTE. DO YOU STILL HOLD YOUR POSITION? IF SO, WHY? THE TECHNICALS ARE NOT AHEAD OF THE MARKET BUT A MEASURE OF THE CURRENT MARKET. THE BUY IN THE 5 MIN AND 30 MIN CHANGING TO A SELL REPRESENTS THE PSYCHE OF THOSE TRADING(THE BIG BOYS). WHAT WOULD INSPIRE YOU TO HOLD YOUR LONG POSITION IN THIS INSTANCE? PEOPLE MOVE THE MARKETS BY THE TRADES ENTERED. TECHNICALS DON'T MOVE THE MARKETS. THEY ASSESS IT. AN ALGO MAY NOT PROCESS OR EVEN BE AWARE OF THE MOMENT SPEAKER RYAN WAS ASKED TO PULL THE BILL/VOTE. BUT WE ALL KNOW IT WAS THE REASON BEHIND THE MARKET MOVEMENTS. THE MARKETS AND WALL STREET BOUGHT INTO THE TRUMP POLICIES AND PROPOSALS. IF THE POSSIBILITY OF TRUMP BEING UNABLE TO ACHIEVE HIS PROPOSALS PRESENTS ITSELF, PEOPLE TAKE PRECAUTION. ONLY HUMAN NATURE.
NOW, THE MARKET ONLY HAS TWO MOVES. UP AND DOWN. IF IT SITS STILL OR GOES SIDEWAYS IT CAN'T DO MUCH DAMAGE TO A POSITION, SHORT OR LONG. ARE YOU GOING TO ALLOW AN OPPONENT WITH ONLY TWO MOVES TO BEAT YOU EVERY DAY? ONE THAT MORE OFTEN THAN NOT PROJECTS IT'S INTENT.
IN THE PREVIOUS WEEK MY TRADES BETWEEN 830AM AND 930 AM HAVE BEEN DAMAGING TO MY END OF DAY BOTTOM LINE. THUS YOU WILL SEE VERY FEW TRADES IF ANY, DURING THE 830 TO 9AM TIMEFRAME. ON MONDAY AND TUESDAY TRADES DURING THAT PERIOD HIT MY STOP LOSS OR ENDED IN A LOSS OF 500 DOLLARS. NOTE THAT BY FRIDAY, THOSE TRADES DURING THE OPEN LOSSES WERE CUT IN HALF. THE GOAL IS TO ELIMINATE THEM.
WE ARE ALL HUMAN FIRST TRADERS SECOND. A TRADER WILL EXPERIENCE ADVERSITY AT SOME POINT. THE WINNING TRADES ARE EASY. EASIER TO MANAGE DURING THE TRADE. THE TEST OF A MAN AND A TRADER IS NOT HOW HE PERFORMS WHEN THE SAILING IS SMOOTH, BUT HOW WELL DOES HE WEATHER THE STORM. FOR THE STORM WILL SURELY COME. ALL TRADERS WILL ENTER TRADES EARLY/LATE MANY TIMES IN THEIR CAREER. YOU MUST BECOME A BETTER LOSER THAN YOU ARE A WINNER. LOSSES WILL DEFINE US IN THE END.
YOU CANNOT GET OUT OF A TRADE GOING BAD BY STAYING IN IT. DON'T BE AFRAID TOO LOSE. ALL WINNERS HAVE.
AFTERNOON GUYS! LET'S TAKE A LOOK BACK AT THE TRADING WEEK. BUT FIRST, IN RESPONSE TO OVERNIGHT AND FX XTC. DO NOT BECOME MECHANICAL IN YOUR TRADING. DO NOT BE SO FOCUSED ON ALLOWING YOUR TRADE TO HIT YOUR STOPLOSS OR PROFIT TARGET, THAT YOU DON'T SEE WHAT IS TRANSPIRING IN THE MARKET RIGHT BEFORE YOUR EYES. FOR EXAMPLE, YOU ARE IN A TRADE LONG. THE TECHNICALS, BEGIN TO TURN TO SELL. THE 5 MIN FIRST AND THEN THE 30 MIN. YOU ARE NOW 15 POINTS DOWN. YOUR STOP LOSS IS 30. ADD TO THAT, WHAT YOU HAVE DETERMINED TO BE THE REASON FOR THE MARKET MOVE, IS CHANGING COLORS. IN THIS CONVERSATION WE WILL USE THE HEALTHCARE VOTE. IT MOVES FROM YES WE HAVE THE VOTES TO MAYBE WE DON'T. THEN TO PULL IT. FRIDAY WAS ALL ABOUT THE VOTE. DO YOU STILL HOLD YOUR POSITION? IF SO, WHY? THE TECHNICALS ARE NOT AHEAD OF THE MARKET BUT A MEASURE OF THE CURRENT MARKET. THE BUY IN THE 5 MIN AND 30 MIN CHANGING TO A SELL REPRESENTS THE PSYCHE OF THOSE TRADING(THE BIG BOYS). WHAT WOULD INSPIRE YOU TO HOLD YOUR LONG POSITION IN THIS INSTANCE? PEOPLE MOVE THE MARKETS BY THE TRADES ENTERED. TECHNICALS DON'T MOVE THE MARKETS. THEY ASSESS IT. AN ALGO MAY NOT PROCESS OR EVEN BE AWARE OF THE MOMENT SPEAKER RYAN WAS ASKED TO PULL THE BILL/VOTE. BUT WE ALL KNOW IT WAS THE REASON BEHIND THE MARKET MOVEMENTS. THE MARKETS AND WALL STREET BOUGHT INTO THE TRUMP POLICIES AND PROPOSALS. IF THE POSSIBILITY OF TRUMP BEING UNABLE TO ACHIEVE HIS PROPOSALS PRESENTS ITSELF, PEOPLE TAKE PRECAUTION. ONLY HUMAN NATURE.
NOW, THE MARKET ONLY HAS TWO MOVES. UP AND DOWN. IF IT SITS STILL OR GOES SIDEWAYS IT CAN'T DO MUCH DAMAGE TO A POSITION, SHORT OR LONG. ARE YOU GOING TO ALLOW AN OPPONENT WITH ONLY TWO MOVES TO BEAT YOU EVERY DAY? ONE THAT MORE OFTEN THAN NOT PROJECTS IT'S INTENT.
IN THE PREVIOUS WEEK MY TRADES BETWEEN 830AM AND 930 AM HAVE BEEN DAMAGING TO MY END OF DAY BOTTOM LINE. THUS YOU WILL SEE VERY FEW TRADES IF ANY, DURING THE 830 TO 9AM TIMEFRAME. ON MONDAY AND TUESDAY TRADES DURING THAT PERIOD HIT MY STOP LOSS OR ENDED IN A LOSS OF 500 DOLLARS. NOTE THAT BY FRIDAY, THOSE TRADES DURING THE OPEN LOSSES WERE CUT IN HALF. THE GOAL IS TO ELIMINATE THEM.
WE ARE ALL HUMAN FIRST TRADERS SECOND. A TRADER WILL EXPERIENCE ADVERSITY AT SOME POINT. THE WINNING TRADES ARE EASY. EASIER TO MANAGE DURING THE TRADE. THE TEST OF A MAN AND A TRADER IS NOT HOW HE PERFORMS WHEN THE SAILING IS SMOOTH, BUT HOW WELL DOES HE WEATHER THE STORM. FOR THE STORM WILL SURELY COME. ALL TRADERS WILL ENTER TRADES EARLY/LATE MANY TIMES IN THEIR CAREER. YOU MUST BECOME A BETTER LOSER THAN YOU ARE A WINNER. LOSSES WILL DEFINE US IN THE END.
YOU CANNOT GET OUT OF A TRADE GOING BAD BY STAYING IN IT. DON'T BE AFRAID TOO LOSE. ALL WINNERS HAVE.
You finally got i mentioned before? Don't trade in Asia/Europe market, those markets have no life (they alway the weak and dumb followers from US market) and always sideway, it is a big NO markets to trend / momentum traders.
Also, don't trade in the 1st hour in the US market if you trade momentum, too many fake trends and reverse in the first hour. It is a common occurance and phenomenon (you will know what I mean if you ever work in pit, I will not share this info why this happen in public forum)