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Tape is my shape (tape reading, time and sales)


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Tape is my shape (tape reading, time and sales)

  #1171 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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canunit View Post
Alex, for me the biggest puzzle that I can't resolve is how often you trade. Can you trade one instrument everyday with profit ? I trade everyday ES and got different results. Probably this is mistake.

I am a human. I have losses. I have losing days. Sometimes HUGE losing days. Trading than i want to or expect a big movement.
There is no misstakes - only experience
Misstake or not you can judge based on KNOWING the future - you can not know the future so you can not judge what is mistake and what is not
Experience

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  #1172 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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bloom View Post
Attachment 242718
Attack on Titan begins

What's the price 2553 mean? The low edge of the traded volume? Why not 2552.75?
2559 - where the price could go?

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  #1173 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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canunit View Post
What's the price 2553 mean? The low edge of the traded volume? Why not 2552.75?
2559 - where the price could go?

does it go at 2559? No)))
Just assumption
2552.75 a key price - because there sellers changed they mind also the buyers

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  #1174 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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bloom View Post
I am a human. I have losses. I have losing days. Sometimes HUGE losing days. Trading than i want to or expect a big movement.
There is no misstakes - only experience
Misstake or not you can judge based on KNOWING the future - you can not know the future so you can not judge what is mistake and what is not
Experience

I'm stuck with this. One day I got a big profit. Than for a week I got only losses
In general you make more profit than losses because of the money managment? For example, you enter with 2 lots than if you see SOMETHING you add more?
Sorry for my inconvinient question, is it possible to be a profitable at all?

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  #1175 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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canunit View Post
I'm stuck with this. One day I got a big profit. Than for a week I got only losses
In general you make more profit than losses because of the money managment? For example, you enter with 2 lots than if you see SOMETHING you add up?
Sorry for my inconvinient question, is it possible to be a profitable at all?

What if this is not possible to be profitable? Will you quit?
You have downstreak weaks because of your psychological issues
Yes i am adding sometimes based on how i feel about a trade
Usual those types of trades most complex but most interest and intense

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  #1176 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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canunit View Post
In general you make more profit than losses because of the money managment?

TRADE MANAGEMENT which includes:
1) Risk management
2) Size management - based on reaction of market according to my entry
3) Profit management - based on BIAS evolving
4) Money mangement - reinvesting profit to risk

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  #1177 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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bloom View Post
What if this is not possible to be profitable? Will you quit?
You have downstreak weaks because of your psychological issues...

Could be so. I don't understand trading and not profitable so far. I enter and price goes against me more than in my way. That's why I've not become successful

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  #1178 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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canunit View Post
Could be so. I don't understand trading and not profitable so far. I enter and price goes against me more than in my way. That's why I've not become successful

You do not become successfull because
1) You let the loss become too big and react (cuting loser) too late
2) You focusing on what you have done bad instead of what you have done good

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  #1179 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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bloom View Post
....2552.75 a key price - because there sellers changed they mind also the buyers

One of the examples of my not understanding is how you dicede this. Could you explain, pls?

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  #1180 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
Thanks Given: 5
Thanks Received: 3



bloom View Post
You do not become successfull because
1) You let the loss become too big and react (cuting loser) too late
2) You focusing on what you have done bad instead of what you have done good

1. There are a lot of them. I cut them but if I enter on the high of the day 3-4 times without success I got a big lose
2. Breakout. One time I entered and the price goes in my way. Another time I entered and the price goes against me. Plus 3-5 such entering and I got a big lose.

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Last Updated on November 11, 2020


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