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A starting point to reforming my ways?


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A starting point to reforming my ways?

  #1 (permalink)
67belvedere
Indianapolis, IN
 
Posts: 34 since Jun 2021
Thanks Given: 19
Thanks Received: 9

I have lost most of my capital in the past 4 months after almost doubling the value (ouch). The US stock market small caps went south in Feb. I cant recall how I lost all that money. One trade was a loss but I brushed it off and went on to another trade etc etc. Ive decided that my positions have been too big for one thing. Now Im trying to overthink trades, look for the hidden exit signal I missed before. I use multiple moving averages, try to use a crossover as a signal. If a short term MA goes against the trend then followed by a longer term MA in the same (countertrend) direction I think I have a reason to enter in the new direction. It hasn't been working out well. Other recent trades were "stick it out, this will start going the other way" (corn, nat gas, 30 yr treasury futures). Losses in futures add up fast. Ouch. I am an educated person but cant seem to get it right with trading lately. Does anyone care to suggest a basic method I could consider as a starting point to reforming my dysfunctional ways?


-Bel

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  #2 (permalink)
67belvedere
Indianapolis, IN
 
Posts: 34 since Jun 2021
Thanks Given: 19
Thanks Received: 9

re futures trades, is it better to wait for price to reach major resistance or support before making a trade or decide on the general direction and jump in, trading in the direction of the trend?

Thank you,
Bel

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Last Updated on June 14, 2021


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