Favorite Futures: if it moves or if it doesn't i trade it
Posts: 42 since Mar 2013
Thanks: 5 given,
you have wave syndrome perfectly normal, every human has it almost. some ideas ok for buy setup reverse for short.
buy setup trend currently up.
1.) wait for trend direction change via long input simple moving average.
2.) enter trade on counter trend swing down using short period oscillator.
3.) use stop if you wish
only enter counter trend entries in opposite direction of major trend direction. tough to buy when the market is going down but that is what you have to do, the opposite of everyone else.
let me clarify again broad market going up enter your buy on short term down blip (while it is going down) make the market come get you. right now you are chasing the market letting it lead you around like a surfer on a wave, bobbing up and down. become a battleship and cut right through the data.
Last edited by markbrown; December 18th, 2014 at 06:30 PM.
The following user says Thank You to markbrown for this post:
Thanks for your comments. My system is vague, and I do tend to trade in the middle. Part of that reason though is that I've gotten caught too many times trying to pick out the top or bottom, when really it was just the middle. I'm trying to find the fine line between picking out tops and bottoms and entering a trade too much after it has started. But really, the most difficult part is the exit. While I'm struggling to fine tune my entries, my exits are still grossly abysmal and not even close to the fine tuning part....that's where I really need to work, in addition to battling whatever masochistic tendencies that take pleasure from making myself lose. All in all, I found the following post that puts into words what I believe but haven't been able to communicate:
That's my goal of trading: reading the market, being able to manage my uncertainty, entering a trade in a reasonable (not necessarily ideal) location, exiting in an ideal location. I'd like to use indicators to help define structure to the market, within a given context, rather than using them as signal generators. I'm just not sure how to accomplish these goals expediently without spending years gaining the necessary experience. Currently, I'd say I have about 1000 hours of active market engagement in the last 6 months (with an average loss of $15/hr--grrrrr!). At this rate, I feel like I need at least 2000-3000 more hours of live markets before I can really start to become profitable, yet don't have the funds to sustain that unless I can become a scratch trader rather quickly.
Last edited by jackbravo; December 20th, 2014 at 09:12 AM.
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Perhaps trading in SIM and not focusing on money will help you. The irony of trading is that most come in with dreams of how they'll buy their first porsche if they can just get that 1 trade where they bet the house. The more seasoned a trader gets, they realize that this is a very very tough game and requires stupid amounts of determination, commitment, and discipline to consistently eek out a profit. Most give up at this point realizing that this is no get rich quick scheme. For those that decide to continue on this road less traveled and even fewer reaching profitability, welcome to the suck. I'm not saying I have it all together all the time, but the inner battle is what makes trading hard. welcome to the fight.
Nothing in life is to be feared, it is only to be understood. Now is the time that we understand more, so that we may fear less. - Marie Curie
The following user says Thank You to fminus for this post: