DAX Futures Sept 2020

Quoting Brixen

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{quote} Stop profit shifted to 627 (+60) while target too was hisfted to 717 (+150).

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Quoting Caiuss

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{quote} Unexpected and wide moves on a daily basis are often recovered some days after. There are only few examples where this is not true, usually when there is a very fundamental and abrupt change of the fundamentals (GFC, the Covid lock-down etc). so, a plan of action would be to stop out on a max defined dd, wait until a base if formed and reenter building a position. This is the theory, and the devil is in the details, as usual.

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Quoting Brixen

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{quote} All is clear now. And now it's easy to evaluate a stuation, but it's when you are deep in the sh....thay you must take crucial decisions, with your pains on your shoulders and your mind going at 300 km per hour. That time you must have steel balls and steel nerves. But again it was my clear fault, and I recover in 3 days only with FDAX and DAX help. Let's say I only kept my nerves and my balls into the fridge, despite hot temperatures we had here

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Quoting Caiuss

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{quote} Yes, autopsy is much easier than saving the patient! But, we learn from autopsies a lot more than when operating on a live patient. Anyway, I feel you friend. I've been in your situation many times. You fought heroically and were rewarded, this time. But, you have to be realistic. A 200 points further slip and a test to 12K would've lead to a very different result for you. And 12K was not a low-probability event. My solution to this problem is as above: A fixed max draw-down, no matter what. This is the only thing you control. Then re-evaluate...

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Quoting Islander

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When I traded whilst living in the Caribbean I had to keep my laptop in the fridge and then sit it on an ice pack!

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Quoting Brixen

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{quote}While I don't agree with you, I mean pause needed only after I recovered all losses and not before. Now I can take a pause, not before! Waiting for your holidays posts here, I'm heading to deep East Mediterranean sea, maybe we'll meet somewhere there, Ciao Caiuss, see you next.

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Quoting Trader-IT

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When I go to Asia (1 parallel from the equator) I only have two solutions: - trading in Guest House room (with air conditioner) or - internet point (with air conditioner). Otherwise it's better to give up your job and enjoy your vacation. Already in winter here in northern Italy, my laptop reaches 50/60 degrees. With the heat it is an authentic electric oven. And throwing away a few thousand Euros of computers doesn't make sense. Comunque bravo Bressanone. Ti auguro di fare una buona vacanza.

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Quoting Caiuss

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{quote} I think we're saying similar things. I never give up too. When I say "pause" it means closing / reducing the losing position substantially, for the time necessary: Few minutes, hours, some time one-two days. There's no point in carrying a huge position down, until there's a sign of recovery. You gain both by adding at the bottom lowering your average price and by not loosing i.e. not carrying a huge position down. So, I stop "losing" on many contracts by reducing the losing position and only increasing it again at much lower prices. You...

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Quoting karuner

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great summer days in the dolomites now. {image}{image}

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Quoting Brixen

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For today DAX CASH INDEX has a big support zone 650/630 zone to try to cover gap left open 1 week ago at 789. But below that key zone, a new reversal day will open the door for 560/530 zone retest. BMW -4% is a big brake today in Frankufrt XETRA DAX30 while DAIMLER is advancing +2,5%....Munich Co. report was bad ! Maybe Karuner could buy all X6 and 5 series unsold to start a recover on BMW performances next {image}

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Quoting Caiuss

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{quote} I think we're saying similar things. I never give up too. When I say "pause" it means closing / reducing the losing position substantially, for the time necessary: Few minutes, hours, some time one-two days. There's no point in carrying a huge position down, until there's a sign of recovery. You gain both by adding at the bottom lowering your average price and by not loosing i.e. not carrying a huge position down. So, I stop "losing" on many contracts by reducing the losing position and only increasing it again at much lower prices. You...

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