Risk comes from not knowing what to do
- #143,581
- Dec 23, 2021 8:26am Dec 23, 2021 8:26am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
- #143,587
- Dec 23, 2021 11:50am Dec 23, 2021 11:50am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #143,589
- Dec 23, 2021 2:51pm Dec 23, 2021 2:51pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Quick Weekly Outlook
Of course we have one more day to go and nothing is for sure BUT IF this week's candle can close above 1.1288 until market close, we could expect bullish continuation.. Time will tell..
I hope it helps
Of course we have one more day to go and nothing is for sure BUT IF this week's candle can close above 1.1288 until market close, we could expect bullish continuation.. Time will tell..
I hope it helps
Focus only on what truly matters!
{quote} Last week, the 50th 2021, and the fifth of my Xanax trial, I scored +77% on account (500:1). Extraordinary by any measure... and I feel terrible about it. Increased doses of the drug are no longer producing effect. Wednesday I lost my patience with my short and took +40% just before the big drop. Thursday I didn't trade until late into the session and then went against the trend, reversed late and barely recovered the loss. Friday I was highly confident it would drop big time and I only put on a pathetic 4% (WTF ??) of the account, later...
Monday, off Xanax, I panicked and closed-21% on account. Subsequent days managed some orderly retreats and reversals and reduced the loss to -17%. Thursday, I was determined to recover the entire week (??) Increased risk (??). Refused to close positions when I was only at -10% on account (??). Got increasingly tense (??). Got totally destroyed by the last up swing (!!). Week -56%. The dynamic that lead to the catastrophe is typical of such past events. A rather impressive combo of bad market reading and trading decisions (direction prediction, position management, loss of emotional control) with a predictable final climax .
Running nine weeks geometric average still 1.14 (+14% per week compounding). I'm considering what to change...
Practitioner of the cryptic trading arts
{quote} This past week, the 51st 2021, I achieved something quite spectacular; I managed to be wrong about market direction every single day
Best of luck
- #143,593
- Dec 24, 2021 8:34am Dec 24, 2021 8:34am
- | Joined Mar 2017 | Status: Trader | 1,637 Posts
I am who I am
... : 1.13025
- #143,597
- Dec 24, 2021 9:30am Dec 24, 2021 9:30am
- Joined Oct 2020 | Status: Trader | 14,017 Posts
Insane in the Brain..
- #143,598
- Dec 24, 2021 9:31am Dec 24, 2021 9:31am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
Merry Christmas! 
May Santa bring you lots of pips!
++
We should not overlook the symmetrical triangle on the daily chart.
See chart here.
May Santa bring you lots of pips!
++
We should not overlook the symmetrical triangle on the daily chart.
See chart here.
Risk Management is of utmost importance!
- #143,600
- Dec 24, 2021 9:45am Dec 24, 2021 9:45am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
1.13 EOW
Wishing everyone here a happy holiday season... I am also wishing Merry Christmas to all our christian brothers and sisters.. Enjoy your holiday time folks..
We hopefully will continue again in 2022..
Until then... Stay safe and be blessed
Focus only on what truly matters!