Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Wasn't prepared at market opening. Had urge to have all ducks in a row including i.e. cleaned off desk. Felt rushed. There were two short opportunities after the opening. Didn't see them in time. Volumes were low and indies didn't fire convincingly. Didn't feel right to trade and I didn't.
Vovan, your candid comment is much appreciated. I thought hard on how to respond. I don't feel knowledgeable enough to give advice. However, I do feel comfortable repeating what I've read. Analyze your losing trades (in writing) and don't be unhappy with them. Learn from them.
We are helping each other to succeed and I believe we will.
I brought vegetables out from the fridge and placed them before the market price. The veggies got finely chopped and I was spared from all that work! No Trades TF Jan 10 2012
Nice lesson today. Traded at the edge. How many times have we heard, "If it doesn't go to here (the deeps), it will go to here (next level of the deeps). Well, I went for the pivot at the first point and stopped out. Then I didn't go for the second point. After 3 gifts I wanted to quit (and likely should have), except that I saw another setup and traded. That trade worked well and the next...well, please listen to the video. I recouped all but a tick. I'm pleased with the lesson.
I was pleased with my level of composure. There were a few times when my "cool, calm, and collected" wavered. They can occur any time; before, during, or between trades.
Whoa! Lost my business and trading plans somewhere today. Also lost over 5 points. At least I was cool, calm, and collected. I'll look around and see if I can find my plans again. Tomorrow looks like a good day to take off. Best of trading to you.
I have to admit, it didn't seem super duper clear to me today. So, then why did I trade... Good question. haha...
To me the market is very 'jumpy' or 'unsure' which is fine but it seems like the tempo is speeding up, slowing down, speeding up, slowing down, but maybe that is just my interpretation and all me.
Today I was more disciplined. My first trade was a long based on 610 coming from below. I didn’t manage the stop well losing 3 ticks vs. making 2.5 points. Note: The first two trades would have reached my goal of 1.5 points for the day had I “taken them.” Here is a struggle; one wise x-floor trader says go for modest daily gains. Several experienced traders say trade your plan and don’t exit until the plan specifics dictate so. WHAT TO DO?!?
Noted one out of two short pivots turned at the 76/23 Fib.
Had hand shaking going on early. Later it went away.