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I had a three month internet nightmare late last year, and the solution was to run a new line. I had some similar problems a week ago but thankfully they only lasted about three days. A reliable internet connection is the most basic requirement for the type of trading we do; if it's unreliable, the mind can't focus on what it needs to.
You may simply be late to the game ... an early afternoon runup may occur, but the real money was off the low, and even off the first rotation, but now it's had several pushes up, and it's at a level that has attracted real sellers. Easy to buy now, which means it probably won't pay off. Hard for many to buy at the low, and as a result it's where the real reward was. But as always, anything can happen.
Pardon my english ignorance but what does having a cow mean? At first, i thought a cow had eaten your internet cable but i am sure it means something else
Got caught early on trying to enter on a pullback that simply had farther down to go than I expected. I even allowed the combination of a few losers in a row, and a comment about sellers in the area convince me to take a short trade, which I managed to get out at breakeven. Then the pullback was complete, shorts were trapped, and it provided the fuel for the trade I'd been waiting for the whole time. You really don't need to be right that much to make money in this game.
Josh, I know what you mean but what do you look at to buy at the bottom. Exhaustion, confluence,prior res, retest strength????Curious how another trader sees it bc I just guess for it sorta
Way to get back on the train. One lesson I suppose is, don't listen to the opinions of others I never put any weight on what anyone else says about a trade idea, whether it's agreeing or disagreeing with my own. I was very wrong about a long being too late here, but I certainly didn't short it there, thus my being wrong didn't cost me a dime; I was a bit surprised when you shorted. At least I expected a bit of rotation and chop, but it just kept going. The important thing is that you don't try to fight it, and got out of your short. Reversing to long was a nice bonus.
By the way IT, I wanted to thank you for inspiring me with your nice spreadsheet stats to create my own robust sheet. Since I started tracking things this way in late June I have had very good results, and I attribute much of that to your insistence that I create my own spreadsheet, which I did and have learned so much in the process. True what you say about being right -- as these stats show, I am only 40% right, but have a 17% return with a -6.8% drawdown since late June. Knowing objectively how I'm doing, with a focus on risk, has been a huge part of keeping me focused on not just the raw P/L, which is really only a small part of how we are actually doing.
I strongly recommend anyone who's struggling to create your own spreadsheet to monitor your risk-adjusted performance!!! IT7 motivated me to do this, and I hope you take his lead and do it as I have done.