My reason is that ego (not self-confidence) works against traders - all of us.
I wanted everyone - new traders especially - to feel free to post.
Also I wanted people to me able to post things like:
Even though I didn't take this trade, in hindsight, the .... pointed to an entry at....
So people aren't limited to just trades, but can also post insights about things they saw in reviewing the charts.
They aren't limited to trades they took -but also great trades they spotted - explain how they saw them.
Back to sim trades, if someone could have had a better entry (or exit) and someone else sees something in the chart they post they are more likely to say, something like:
"I noticed a that the entry could have been better with the shooting star candlestick"
and have less chance of the poster taking it personally - after all it was just a sim trade - so I don't mind you pointing out something I didn't see.
The idea of the thread is for collaborative thinking and taking advantage of the many viewpoints without ownership of the trade. The idea is for us all to help each other with thoughts insights etc.
To give the thread focus I choose fat pitches - really sweet ones where you can/could have knocked it out of the park. This idea has been forefront for me currently and when I saw the $1,500 I thought
"wouldn't that be sweet to do every week?" (or every day).
So even new traders can post - its only sim and they can afford a sim trade.
I didn't want the thread to get bogged down with competitiveness that might come from posting cash trades. Since its about learning and sharing I didn't want:
"well that was only sim - it didn't count"
For finding potential it does count. Even the trade you didn't take but spotted later.
(so if it was a cash trade that's great but rather than say so - just post the trade without specifying -
"Only you and your hairdresser know the truth" -LOL )
Good trading to everyone.
Last edited by aquarian1; April 16th, 2017 at 07:53 PM.
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The depth of the stop run-depends upon how "they" build up the orders and the S/R at the level and what "they" have planned for the day. (all this is just my opinion). So o/n is one depth, Yest H/L is another, the end of a mulitday swing yet another. It all 3 converge then the depth can be quite large. If the resistance (multiday) is close to a stop level such as o/n or Yesterday then it can limit (or extend the move).
As to the second question - just touching the o/n high and turning down - "they" do this occasionally - most so in the last 3 weeks. They always keep it mixed up so that we retail are kept off-guard.
The other part is the gameplan. For example, let's say there are a bunch of low stops that they want to grab and lets say they are below 2335 down to 2330 - just to put a number on it - and the range is estimated to be 15.
This means the top will be in the 2330+15 = 2345 area. So if the o/n high was 2334.50 then it could be a touch and go day.