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Satans heartbeat

  #8 (permalink)

salt lake utah
Trading Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES
rintin2x's Avatar
Posts: 541 since Jun 2016
Thanks: 634 given, 532 received

Hahaha, thats a funny one. Can relate on that for sure.

Wanted to show another but i guess i'm just going to say it.

1. Go long, stop loss is set
2. Price goes up, move the stop loss up
3. Price stalls, oks let bring the stop loss lower by 2 ticks
4. Price goes down, bring the stop loss to the original level
5. Price goes up, ok lets keep the stop loss where it is
6. Price goes down, i'm ok, i'm protected (a bit nervous)
7. Price about to hit the stop, ok lets lowering the stop loss, it will bounce
8. Price goes up, damn...i'm a genius, lets bring the stop loss up by couple of ticks
9. Price goes down, bring the stop loss even lower than that (very nervous)
10. Got stoped out. Price bounce or not bounce (depending on your imagination).

Thats how bad it was for me. And thats included with averaging in. It's rather amusing how people reacting not to lose money. Well, I rather stop before i show more how an idiot i am

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