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Buritama, São Paulo/Brasil
Posts: 6 since Jan 2018
Thanks Given: 9
Thanks Received: 7
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I am going through this post to show some rules that I believed to be operating in the future market of my country (Brazil), I want to make it clear that these rules work for me and are not an absolute truth, every trader has his own operational style and if he has not yet developed your style I believe that over time will be able to develop, here are some of the rules that I believed to operate futures:
PS: I operate future dollar in Brazil.
Operational errors, analysis and management of trade 2018 04 25
After taking a daily loss I came to some conclusions of some mistakes that I make very often and they get in my way:
1 st. Enter random trades even with few batches, just to not stay out of the movement or anxiety (enter trades without support, resistance, without major players coverage);
2º. Marrying a losing position even when the market is showing me that I am wrong, even with movement abroad against my position (even though I am with little lot and small loss) I do not accept the loss (I often do not want to take the times is small, and in the end I end up with a giant loss);
3º. Enter a trade with a little lot so if the market shows that I am wrong I can zero the position, but when the market turns and I see that I am wrong I continue in the trade committing the error 2;
4. Try to anticipate the market movements, that is, the market gave a small signal I already believe that the market is going in my favor and increase the hand;
5th. Raise your hand in the loss without extremely clear signals that have great players giving coverage and in random regions, because in today's case (04/25/2018) the market gave small signs of purchase and I already thought it would go up strong and the market stopped and came back;
6th. Believing that because yesterday the market went up (or fell) in a directional and aggressive way today it will rise in the same way or, in other words, take decisions based on what happened the previous day believing that today will be the same (this mistake I make many times and I take a lot in this way);
7th. Open market with strong GAP, several times and iron because of gaps I have lost the account of the losses that I had because of the market open with large GAPs, this happens because I lose the reference points that I have and often I end up entering the trades committing the errors: 1; 3; 4; 6 and 8 and I stopped the day, I need to learn how to deal with big gaps, even if it is to leave the screen and come back after 1 hour of negotiation;
8º want to participate in all market movements, in this story I end up entering trades with low probability (error 1) or low risk x return and I lose a lot of money;
*9th. Being in a losing position, the market is back in my favor and I turn against it again, especially when I realize that I am against the primary flow (when I am already making the error 2).
10th I have taken "heat" several times to enter into trades with the stretched market and I have drawn some conclusions, I believe that the long term players when seeing the value of the distorted asset feel that it is a good time to come knocking or make a good part of their profits before they begin to take the dollar again, and this generates the phenomenon of inverted auction begin to realize profit and the price goes falling and others that also want to realize profit begin to accelerate the sale to be able to realize better the profit and causes the market to fall in the empty and with speed, that was what happened on Tuesday and on other days that I took heat in similar operations, as this flow of correction was global and so abroad the market came back up here also rose strong, I have to stay alert for avoid entering into these operations when the market is stretched, I must wait for the market to correct well and when the sellers give up and the buyers appear again I enter novame It is important to know if it is a simple correction / realization or a change of trend, so I must pay attention to the flow and correlated assets here and abroad.
This is my operational screen, to operate future dollar / my workstation:
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