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)
Stock mapper is just one tool. I also have about 50 big cap stocks in real time plus market internals to go by.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
After a flush down- traders trading with the trend can ONLY hope for one thing- a BOUNCE to reshort. Anyone coming up levels of so called support against a trend till it is backed by PRICE ACTION , does not know a thing about trading. I learned my lesson couple of years ago when CL was trading similarly.
NOTE: Covered some around 80.48 and added back to shorts as CL bounced from 80.37 to 80.98 area.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
It does not matter which instruement is one trading- concepts and context are the same. Finally shorts in PL are working..
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
ONLY shorts in TF and holding for 2 hours. Same mistake again. Should have been trading NQ instead of TF. More bang for buck with NQ since last Thursday.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
If there is a day where stop loss needs to be wide and one has to be patient- it's today. When P&L is jumping up and down to the tune of 50 ticks and one has to HOLD and ignore Jumping jack- it takes CONVICTION to do that. Only way i know to ignore NOISE is to trade with the trend.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
I have not taken any longs in CL and TF since 9 am eastern time. ONLY shorts. Obviously there were some long trades but not for me. Another thing i controlled is to add to my position during lunch hour ( 12 to 1 pm). I just held my shorts till i got paid and still holding in CL and TF. Added to TF shorts around 1051 after lunch.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
No longs in TF. Gave up all the gains from ealier short as i kept shorting when TF moved from 1045 to 1075. How? Not a pretty day but got the job done.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Same thing with Crude. No longs . All shorts. Luckliy no significant intra day drawdowns. I probably had best 4 days of CL trading in 4 years. Prior to making chnages in my trading days like last 4 days i will just be a SPECTATOR. Too afraid to do anything or if i took a trade , it was just successful due to random nature of my trade. I did not think my successful trades were random at the time. If i got 30 ticks within a 400 ticks opportunity, i was happy. Now, i see it was just nonsense.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
CL is still moving to me. Cover some. Looking into 3 options 1) Go flat and reshort on break of 80. 2) Go flat. Go long for a bounce from 80. 3) Reshort into bounce off 80. I really like #3.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.