Expect a nice buying apportunity one the price gets to thre rectangle if price shitft once that price is reached...
- #48,903
- Edited 11:05pm Dec 8, 2008 10:46pm | Edited 11:05pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
It's your business of course, but if you're trading full mini lots or higher, that whole "keep them open till they pay" strategy has some flaws unless you're so moneyed up it doesn't really look like anything most folks here are probably doing.
If it's micro lots for pennies and nickels, then whatever.
I took a demo account from 100k to well over 4 million in a'rd 3 weeks this time last year on a whim in a couple hundred trades. I only lost about 8 or 10 trades if I remember rightly...
Those were the ones that took the account down to MC in 3 days I think it was. But good on you guys for never losing a trade or nearly so. I just don't know how much you'll have to post here that is relative to anything, unless you're also going to let us know when you blow up your account from that kind of thing.
We also get some newer and somewhat impressionable noobs in here from time to time, and they have it hard enough as it is w/o that kind of thing getting all mixed in... never closing trades or losing.
Heck, I have it hard enough as well come to think of it.
I agree.
Edit :
During these years, I I,ve seen many traders ... with many drug strategies ... usually not later than 6 months .. have disappeared from circulation.
The best thing that can happen to you is to find out where you're wrong.
- #48,905
- Dec 8, 2008 11:14pm Dec 8, 2008 11:14pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #48,907
- Dec 8, 2008 11:25pm Dec 8, 2008 11:25pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #48,908
- Dec 8, 2008 11:45pm Dec 8, 2008 11:45pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #48,909
- Dec 8, 2008 11:57pm Dec 8, 2008 11:57pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #48,910
- Dec 8, 2008 11:57pm Dec 8, 2008 11:57pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
If you guys are intrested...
I am taking a long in eurusd at price 1.2892
treating mostly like a scalp...
I am taking a long in eurusd at price 1.2892
treating mostly like a scalp...
- #48,912
- Dec 9, 2008 12:08am Dec 9, 2008 12:08am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
G'morning!
You canucks have all the best avatars...This one gets my vote for avatar of the week. Additionally I'll also vote it for "most accurate post of the week" as it's the only one I've read so far that has been 100% correct....
OK back to bed for me.
FUBAR...
- #48,913
- Dec 9, 2008 12:08am Dec 9, 2008 12:08am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Shit, missed that one....but keep 'em comming sherm
...
- #48,914
- Dec 9, 2008 12:15am Dec 9, 2008 12:15am
This one gets my vote for avatar of the week. Additionally I'll also vote it for "most accurate post of the week" as it's the only one I've read so far that has been 100% correct....
OK back to bed for me.
- #48,915
- Dec 9, 2008 12:16am Dec 9, 2008 12:16am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #48,916
- Dec 9, 2008 12:21am Dec 9, 2008 12:21am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
If you guys are intrested...
I am taking a long in eurusd at price 1.2892
treating mostly like a scalp...
Scalping
A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones.
Traders who implement this strategy are known as scalpers. The main goal is to buy (or sell) a number of shares at the bid (or ask) price and then quickly sell them a few cents higher (or lower) for a profit. Many small profits can easily compound into large gains if a strict exit strategy is used to prevent large losses.
From Investopedia
- #48,917
- Dec 9, 2008 12:23am Dec 9, 2008 12:23am
Are you sure that you know what is scalping?
Scalping
A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones.
Traders who implement this strategy are known as scalpers. The main goal is to buy (or sell) a number of shares at the bid (or ask) price and then quickly sell them a few cents higher (or lower) for a profit....
- #48,918
- Dec 9, 2008 12:28am Dec 9, 2008 12:28am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #48,919
- Dec 9, 2008 12:34am Dec 9, 2008 12:34am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #48,920
- Dec 9, 2008 12:37am Dec 9, 2008 12:37am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
took 350 pip profit on eur/aud.. looking to re-enter.. was up 400 pips.... up 80 ej gonna lock in 30 pips and keep finger on trigger. not a bad day
