The Bucking Bronco

Only scouts in, banked almost all... but I would like to see 760

Same here, all closed, I have enough.

Thank you for your time.

PS. my last trade was again with PO ...now should be clear how to use PO.

you mean you had a sell stop in?

yes

Great personal satisfaction!

760. I'm done. I'll call it a day.

Last platoon at home! 720. BASTA! enough... It's okay!

I couldn't resist when I've seen you.
Perfetto! Ciao!

How to build a proper, personal "Mental Road Map" – 31

Trading is not gambling but a practical, safe business when conducted on business principles.
Stay technical, always.
This is the correct mindset to build day after day.

- The trader must have definite rules and follow them.
Each trade must have a clear technical reason for the entry
and a clear technical reason for going out.
- If, once entered, that technical reason disappears or is neutralized then the trade must be closed immediately.
- Divide the quantity intended for entry into multipositions: they will be added to completion only if the trade goes in the right direction.
- Using pending or market orders is a matter of style and practicality.
I normally use market orders. I only use pending orders when I am looking for an entry into a PB with surgical precision.
- Essential and of vital importance is the correct use of the Stop Loss.
(A question will emerge only in case of real big entry at super-pro level, that is not our case I suppose! ROFL)
Stop loss is: trader assurance, trader parachute, trade braking system, trade air bag...
Choose the simile you like the most and use your stop loss on each of your trade. Always and mechanically.
There is no discussion on it: I use a supertigh stop as expressily indicated by W.D. Gann.
The question is the entry level not the stop loss... large stop are definetely bullshit.
- Don’t close your trades without a good reason. Follow up with a stop loss order to protect your profits.

I ask the readers of this Journal to read the previous post with extreme and great attention.
The same attention that I used to write it.
It is a good setting, not so common as a general mental approach.

The Battlefield and the Terrain. DAX Ger30 H1.
Clear Pattern formed inside the lateral Consolidation.

Banking!

Thank you!

Have you (all) your written "Trading Plan"?
Have you got it on your desk in this very moment?
Have you read it before the start of the new day of trading?

No? Ah!
Sun Tzu — 'Every battle is won before it's ever fought.'

Stop hit right at the open. +2

Banking!

Squared 526

Thanks. Do you also have some ideas written on the topic "multipositions"?

Technical Analysis Fallacy thread.
All is there!
It's the fti's teaching. (Then you'll decide what to do with that!)
One needs to study (religiously) the first 200-250 pages, at least.

yeah i know this thread (in parts). thought you might have systematized the core concepts maybe. which is a desideratum in my eyes