Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
Posts: 798 since Oct 2009
Thanks: 216 given,
I have seen this approach before, however, its too intensive for me to learn much from, I appreciate you sharing it with the group, and exposing yourself to what others might consider critical thought.
I am glad its working for you!
The following user says Thank You to kronie for this post:
Real simple. Not following rules or having a clear mind. I took a lot of high-risk entries...
Today was simple, I was biased. I was reading some late night 'greek debt' news and I guess I figured today would drop like a rock.
I guess I was a bit off. I liked the amount it moved yesterday. Had I just took trades at the 440 setups and the 76/Double bottoms, then it would have been a profitable day. Oh and the double bottom was nice, but how could I take longs when I was thinking about Greek debt.
Not a good week for me, but willing to put it behind me.
I continued placing arrows occasionally and had I stayed trading I would have caught a very nice short down for 6 points. It seems to me that I need to start skipping the first fifteen to thirty minutes lately! I know that changes, or hold my self for a bit.
The following 5 users say Thank You to bluemele for this post:
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following user says Thank You to Big Mike for this post:
If you pay attention to the news or other fundamentals, you'd better be crafty. For example, consider the bad job report two Fridays ago. Futures prices rose before dropping...to take advantage of the herd, I'll bet. Best to watch the tape and your indicators methinks. If you can think like the big boys (who have information sources in their hip pocket) and anticipate the fake outs, please share your method. Is it as easy as doing the opposite of what you would expect?
Sometimes. I would trade oil news and had a little ATM strategy that worked quite well on SIM for many months. Then I went live for 4 months and it was breakeven. I thought it was the difference between live and sim. It actually wasn't! The exact time I started live the market dynamic changed and now my ATM didn't really work!
Kind of funny. It made me realize how much market dynamics can change. With 5 tick stops, it is a dangerous game to play near the news. I have done it successfully live before...
But it is rare for me. I just need to get my head screwed on straight. I think until my workload eases that it will be a challenge. Plus I have 2 young kids which are another level of 'distraction' so probably not the best time to focus on an endeavor in my life right now. I can come up with all kinds of excuses... haha....
The following user says Thank You to bluemele for this post: