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)
The first trade I took according to my plan. Again, the first contract reached its PT, but the last two got stopped out. I probably need to work on my trade management.
The second trade...I did not take according to my plan...I jumped the gun and took an entry that did not fullfill my requirements --> three successive prices in a row in order flow. I saw two prices and hit the buy button. Dumb move. Live and learn.
More losers today...a bit of frustration, but I just gotta remember that this is a learning experience and that losing is a part of the game. *Mistakes and failures will bring me to a new level of understanding*
Took three trades today...the first trade fullfilled all of my requirements for entry, but it did get stopped out on its last 2 lots. The 2nd trade didn't display an obvious divergence...should have sat out on the 2nd trade. However, it did reach its first PT, but then got stopped out on its last 2 lots.
The last trade I took went straight to a loss. To be honest, I took this trade emotionally...I was frustrated that my trades kept reaching their first PTs but not the 2nd or 3rd targets. I should have quit for the day realizing that I was emotionally compromised.
Anyway, after realizing I was frustrated, I decided to walk away and spend some time with the wife-to-be, which was good...she makes me laugh and keeps me in a good mood (most of the time)
Its quite obvious that divergences work, and work quite often (when reviewing past charts), however, the spots I decide to enter are just the wrong spots/reference points to enter in on.
Anyway, 2 losers again...both stopped out on all three contracts...decided to stop after that.