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)
When I got back to things I decided on 2331.25 as the revised high based on an increased range est of 11.50 expanded from the default of 8.25. Then worked the buy for that and then found that it had come and gone
In case it's getting about time to go out for some fresh air so I'll be strong and close the books.
so with the two we are at +$137.50
I can't judge very well from your thread, so I might be wrong, but it appears that in some cases you are averaging down on your losses. The equity markets have been unusually quiet lately, but one day they will be much more volatile. Many if not most of your trades are bang on, so perhaps you might consider using a tight stop and re-entering rather than averaging down.
trade 1 - in short 3 at avg 2339.50
======> notice I forgot 8:27am note -WAIT for BOUNCE and sell
-----
Friday
8:13 AM 2/17/2017
possible double low 2336.75
room to take low stop though
downward trendline on 5 min 2341
Speed est range = 10.50
Estimated range = 15.00
with -6.75 gap =>11.25
First trade sell near open 2337.50 2339.50 =est first Pt
------
8:27 AM 2/17/2017
wait to see if bounce and sell
------
--------
08:31 AM
February 17, 2017
The estimated to open is 2338.75
We should be going up first
The first point is estimated at 2337.50
We have a DD up signal
The estimated low end is 2332.25
The estimated main direction of the day is down
We are expecting a change in intraday direction
FE=LE
We will open are closer to the Lend of 2328.50
Yest L+after dir adj2347.75
ZC end est =2346.75
8:34 AM 2/17/2017
missed 2340 -not ready
3 shorts 2340,2339.50, 2338.75 => avg =2339.50 (ES 03-17 Short 3 2339.416)
day record loading
(tickchart.png) - in red zone
8:43 AM 2/17/2017
two buy to close orders: 2335.25, 2332.25
8:50 AM 2/17/2017
starting to push up
8:55 AM 2/17/2017
starting to head down missed quick sale at 2342.50
(trade1.png)
I'm not pleased with my trading this week. Especially annoying is that when I went for a snack at 11am this morning I had set the buy to close at a price that would have been filled with a profit and then thought:"Oh, what if it goes lower" and pulled the order.
So I'm sitting on a losing trade.
Below is the NT summary for the week, but as explained on the summary page I have chosen to go with my math of -$312.50 as it is lower than NT's -$125.
I elected to stop trading early with it being a holiday weekend Friday and be content with my one trade. Again, thank you for your help earlier I really appreciate it! Have a great weekend!
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Nice Job Ian, You cut your loss down quite a bit. Good to see that. It takes SO much discipline to come back after a loss and not trade like a drunken monkey!!