Did you have any E/J shorts in the market or where these the dead soldiers you were refering too. I havent traded this week but I am glad to see the BEOB worked out for you nicely.
Take care
Razor
Take care
Razor
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DislikedDid you have any E/J shorts in the market or where these the dead soldiers you were refering too. I havent traded this week but I am glad to see the BEOB worked out for you nicely.
Take care
RazorIgnored
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Here is a view of my latest trade; I have taken profits at the 1.5000 level as it is a major psyche level. I removed a large portion of the trade and have left 25% of the position on the table in anticipation of a long tail. The stop is at break even so I have nothing to lose. The entry on this trade was perfect and I am well positioned for the tail if price goes where I anticipate (1.3750 level).
I have taken many many losses prior to this trade to get this entry. Of the last 14 trades I have taken 13 have been...Ignored
DislikedLet’s face it if all that was required to trade was market knowledge there would not be a university economics professor in existence, but the stark reality is that there would be less than 1 % of academics that could make a living trading, why? Because you can have all the market knowledge in the world and not trade profitably.
Well enough of this rant, it is no doubt a waste of my time but had to share and why not here. By the way my account after all these losses is still in the black and I am on my way to a new water mark high.
[b][i]How...Ignored
DislikedPlus also the fact is that most academics rely heavily on being able to justify and rationalise problems. There approach is usually direct and calculated. The market is anything but rational and therefore having an approach that is definate and deliberate allows a very small tolerance for the irrationality that plays the mastering role. From my view these forums hold a good number of them, they are the programmers cramming codes to come up with ways to rationalise the outcomes and bring piece of mind.Ignored
DislikedHave added a 3rd position to the trade and have removed half at 1.4800. All trades a are risk free and have locked in some profits along the way.
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PerryIgnored