Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
trade was in the trend and met indicators but someone decided to go reverse.
I'm done for an hour. Aggravated. Trade hit my stop, closed me out, then seconds later reversed on me to go back up. Really pissed. I know I shouldn't be, but.....I am human.
It is the shorts which have killed me. BE on long trades but minus 5.25 points on the short.
going to go back over my default charts and see what those look like....
Ok, went back to original charts, was able to get to almost BE. Last trade of day, took a trade that matched my signals, was positive closing but only by .5 points. If I could have cashed out high, would have made 2 point profit, thereby being positive for the day. My thought on the closing was that the volume would pick up and drive it higher in the last few minutes. But this wasn't the case, instead it closed down on the day but I got out of the trade at profit.
Frustrating day. Will be reviewing data and charts. Added high/low volume indicators to the bars in Perry's chart to see where big money comes in and also where the amateurs are playing it.
Perry method said trade short, I did, got stopped out. Awesome.
Edit, only to have to reverse and go profitable. Frustrated, I tell ya what....already down -2.5 points using this trading method, elsewise known as method of loss.
going back to my original charts....will see how I do then.
Was able to pull another point out, but now the range is just so narrow I'm scalping to get anything. Just seems to not be worth it to me to trade right now. Bollinger bands show three quarters of a point difference. Will it stay like this for the rest of the day? I see minor breakouts here and there, but nothing close to a pull point and they don't last more than 1 ticket for a quarter point gain or so.
Jeff,
Thanks for the info. Didn't know it was options expiration day today, but should have. Thanks. I'll start reviewing my week's trades to see where I did right and where I went wrong.
Dropping Perry's method. I can see where it is good, but alot of fluff that I feel I don't need. Since using it, racked up big losses and I'm, to put it bluntly, pissed. Not at him or the method, but at myself. Focusing on this or that, changing this or that, and adding or removing this or that has REALLY thrown me off my game. I found something which worked for me and I decided to F with it, to my detriment.
When I had my trading method and applied it, I had a long gain of 48.5 points in 2 weeks. When I switched and started messing around with it, playing with this or that, I went to hell with a quickness.
Back at my original method. Had a short profit of a quarter point...had to wait due to work before getting in on next trade. Didn't want to enter mid-trend just to have it end. Found an entry point, made the trade, gained 5 ticks.
Total gain this morning was, well, I'm embarrassed to give the number of points lost. Regained my calm, locked in thus far 6 ticks. Don't know if I'll break even today, in fact, I highly doubt it. But back to the fundamentals. It is what has always worked.
