I don't know if I'll trade intraday online anytime soon. Trading has afforded me an awesome life financially. However, I still have the same trials and tribulations that everyone else experiences. Distractions like a dear friend tells me. He's right, some I can control and some I cannot though.
Trading though is what everyone is here for and how many desire, yearn, dream, taste and cry for the freedom it can provide financially. I've put everything into my thread as to how I trade, what I'm looking for, why I do what I do and when I do it. It's all buried within the thousands of posts and charts. If you take the time, find a setup that makes sense to you, wait for it patiently and trade it consistently. Once you get one down, find another, perfect it, then find another, perfect it. Trading is no different that anything in life. We have to take it one step at a time. Feel free to make posts and ask questions, I'll get to them, but I will not address them in real time. I'd like to see people post a chart and justify what trade they are taking. I have binders of charts that I printed in the beginning of my trading with all notes and reasons for taking the trade. If it worked or failed, I kept tract. Soon enough, I found the ones that were more successful than others.
Trading for myself for the last year has been very little. Most have been longer term trades. I've taken some profit on my oil position that I started building when price entered the $30's. I might take some more, but I'll probably still give the remaining shares to my grandchildren (I'm a long way from being a grandfather btw). I've shorted the DOW at 11,990 and 12,250. I've taken profit on this position too. I started this position on the 28th of January. I was upside down for a while, but she's looking good now. The play in my original setup is the possiblity of double dip. The monthly candle will be a very important candle on the DOW close. A close like she is now or more bullish and I'll take some more profit and look to add to my short position when it goes back up to possibly 12,000 then looking for my next TP level around 11,300 if we haven't hit it this month. I will TP on some of my position at this price level if we hit it this or next month. A double hit would be cool!! We'll revisit this position.
I wish the best to everyone! Trade well!
Trading though is what everyone is here for and how many desire, yearn, dream, taste and cry for the freedom it can provide financially. I've put everything into my thread as to how I trade, what I'm looking for, why I do what I do and when I do it. It's all buried within the thousands of posts and charts. If you take the time, find a setup that makes sense to you, wait for it patiently and trade it consistently. Once you get one down, find another, perfect it, then find another, perfect it. Trading is no different that anything in life. We have to take it one step at a time. Feel free to make posts and ask questions, I'll get to them, but I will not address them in real time. I'd like to see people post a chart and justify what trade they are taking. I have binders of charts that I printed in the beginning of my trading with all notes and reasons for taking the trade. If it worked or failed, I kept tract. Soon enough, I found the ones that were more successful than others.
Trading for myself for the last year has been very little. Most have been longer term trades. I've taken some profit on my oil position that I started building when price entered the $30's. I might take some more, but I'll probably still give the remaining shares to my grandchildren (I'm a long way from being a grandfather btw). I've shorted the DOW at 11,990 and 12,250. I've taken profit on this position too. I started this position on the 28th of January. I was upside down for a while, but she's looking good now. The play in my original setup is the possiblity of double dip. The monthly candle will be a very important candle on the DOW close. A close like she is now or more bullish and I'll take some more profit and look to add to my short position when it goes back up to possibly 12,000 then looking for my next TP level around 11,300 if we haven't hit it this month. I will TP on some of my position at this price level if we hit it this or next month. A double hit would be cool!! We'll revisit this position.
I wish the best to everyone! Trade well!
Just digging in the trenches like everyone else!