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Make Money Everyday - A Guide to Short-Term Trading

  • #801
  • Sep 22, 2011 9:16pm Sep 22, 2011 9:16pm
Quoting nhen
Shite have to check this out, happened while I was sleeping.
Nice work on the recovery! Not sure I could pull it back like that at this stage, nice.
Almost 30 degrees (Celsius) here, summers gonna be a hot one eek..
It's 10pm in the evening here and it's 27 degrees Celsius... (I had to get the conversion... don't usually use Celsius here...). For fun... try this....

http://thefuckingweather.com/
  • #802
  • Sep 22, 2011 9:43pm Sep 22, 2011 9:43pm
Quoting mongolian
It's 10pm in the evening here and it's 27 degrees Celsius... (I had to get the conversion... don't usually use Celsius here...). For fun... try this....

http://thefuckingweather.com/
Haha are you coming out of summer where you are?
We're almost a month into spring, I have to say I'm not particularly looking forward to the heat this year..
  • #803
  • Sep 22, 2011 10:48pm Sep 22, 2011 10:48pm
Quoting nhen
Haha are you coming out of summer where you are?
We're almost a month into spring, I have to say I'm not particularly looking forward to the heat this year..
September in good old South Florida. Our winter will be probably for about 4 or 5 weeks - usually toward the end of January through the end of February. What does that mean? It means that I have to wear long sleeves with my shorts and flip-flops then.
  • #804
  • Sep 23, 2011 3:15am Sep 23, 2011 3:15am
Quoting mongolian
September in good old South Florida. Our winter will be probably for about 4 or 5 weeks - usually toward the end of January through the end of February. What does that mean? It means that I have to wear long sleeves with my shorts and flip-flops then.
Wowzer that's some tropical weather you've got there!

Meanwhile freakin' London get a move on! Got chopped a bit here with a mistake or two.. hope the bastards don't hold it here all night.
  • #805
  • Sep 23, 2011 4:02am Sep 23, 2011 4:02am

Just missed the lil short at 1.3550 after another stop blarggghh
  • #806
  • Sep 23, 2011 5:22am Sep 23, 2011 5:22am
Quoting nhen

Just missed the lil short at 1.3550 after another stop blarggghh
OK just did something I shouldn't have done.. Was having a shocker, then got that short at 1.3500 and upped my position size in order to BE + a little for the night.

Not a very clever move but didn't blow up in my face.. this time at least.

Hope you guys are trading well and not breaking your MM rules like this goon

Might be back for NY.
  • #807
  • Sep 23, 2011 7:39am Sep 23, 2011 7:39am
thats what i did yesterday - not really good trading, but... I hope it worked out!
  • #808
  • Sep 23, 2011 7:57am Sep 23, 2011 7:57am
Quoting enochben
thats what i did yesterday - not really good trading, but... I hope it worked out!
I think I was playing out your night from last night mate.. not focussed and getting emotional
It's very interesting how hard trading can seem when you aren't collected at the screen.. and how easy it can be when you are.

Anyway luckily over-leveraging on that trade didn't get me burnt. Pretty much BE now, a lil over. Gonna sit out NY, just mark my charts, don't think I've got my head on tonight.

Hope you're trading well!
  • #809
  • Sep 23, 2011 8:01am Sep 23, 2011 8:01am
Quoting nhen
OK just did something I shouldn't have done.. Was having a shocker, then got that short at 1.3500 and upped my position size in order to BE + a little for the night.

Not a very clever move but didn't blow up in my face.. this time at least.

Hope you guys are trading well and not breaking your MM rules like this goon

Might be back for NY.
We've all done that and I know there are people that preach to do that. I've also done it and blew up my account. You won't see a whole lot of Money Management preaching out of me - I figure that is up to each individual trader as to what they are comfortable with. My only caveat is what I said way back at the beginning - your money is your inventory. No inventory = No trading, so protect your inventory.

Completely off the topic - enjoying a little blues this morning. Make it a Good Friday fellas!

Mongolian
  • #810
  • Sep 23, 2011 8:16am Sep 23, 2011 8:16am
Quoting mongolian
We've all done that and I know there are people that preach to do that. I've also done it and blew up my account. You won't see a whole lot of Money Management preaching out of me - I figure that is up to each individual trader as to what they are comfortable with. My only caveat is what I said way back at the beginning - your money is your inventory. No inventory = No trading, so protect your inventory.

Completely off the topic - enjoying a little blues this morning. Make it a Good Friday fellas!

Mongolian
It is so tempting when you've had a bad night and a good setup presents itself. I'd like to say I've got the control not to do it in the future, but that remains to be seen..
I think the best defense is to get the skill-set to the level that I don't find myself in the position of needing to do it.

Can I ask if you have any rules or notes written up on your wall? Or has it just become second nature?
I find that when I'm not centered I seem to space on my rules and as I don't have them written up in a way that I can refer to quickly I have no reminders.
  • #811
  • Sep 23, 2011 8:21am Sep 23, 2011 8:21am
Quoting nhen
It is so tempting when you've had a bad night and a good setup presents itself. I'd like to say I've got the control not to do it in the future, but that remains to be seen..
I think the best defense is to get the skill-set to the level that I don't find myself in the position of needing to do it.

Can I ask if you have any rules or notes written up on your wall? Or has it just become second nature?
I find that when I'm not centered I seem to space on my rules and as I don't have them written up in a way that I can refer to quickly I have no...
Inserted Video
  • #812
  • Sep 23, 2011 8:23am Sep 23, 2011 8:23am
Quoting mongolian
http://www.youtube.com/watch?v=bVVsDIv98TA
Hahaha

Love that show

Is that your serious answer?
  • #813
  • Sep 23, 2011 8:29am Sep 23, 2011 8:29am
Quoting nhen
Hahaha

Love that show

Is that your serious answer?
I have had things posted in the past. There were times when I had rules posted all over the place. Wifey kind of got tired of looking at them... so - my routine now is if I am having one of those moments - I'll walk away - got outside to stunt my growth and then hopefully come back ready to go.

There are certainly times when my mindset is not really into it. For me - it's best to just go do something else, because I'll sit there and try to force it and almost always - it costs me money. Then I'll be pissed because - in the words of Dwight - I was an idiot. Not so much that I had an unprofitable trade - but because I should have known better - I could have avoided that had I just listened to myself.
  • #814
  • Sep 23, 2011 8:39am Sep 23, 2011 8:39am
Quoting mongolian
I have had things posted in the past. There were times when I had rules posted all over the place. Wifey kind of got tired of looking at them... so - my routine now is if I am having one of those moments - I'll walk away - got outside to stunt my growth and then hopefully come back ready to go.

There are certainly times when my mindset is not really into it. For me - it's best to just go do something else, because I'll sit there and try to force it and almost always - it costs me money. Then I'll be pissed because - in the words of Dwight...
Right on, that's a fair point. Funnily enough the second unprofitable trade I took tonight, I wrote notes on my chart at the time 'Should've known better..'.
Then continued to place more bad trades..
I think a breather could be good for me, even if it's only a short one.
Might get some notes on the wall too, to cover all bases.


Quoting mongolian
Completely off the topic - enjoying a little blues this morning.
  • #815
  • Sep 23, 2011 8:51am Sep 23, 2011 8:51am
Quoting nhen
Right on, that's a fair point. Funnily enough the second unprofitable trade I took tonight, I wrote notes on my chart at the time 'Should've known better..'.
Then continued to place more bad trades..
I think a breather could be good for me, even if it's only a short one.
Might get some notes on the wall too, to cover all bases.




Honestly what I've found much more effective for me is to really focus on my purpose and my goals. The rules will become second nature. I'm sure you don't have rules posted for your music now - but maybe when you were first starting out - you were constantly thinking about the HOW to play music. What note, when, for how long, etc. Now I imagine you just play and it's really more about the WHY. Like what kind of audience do you have and how can you best perform for their enjoyment.

Same thing here. You'll get to where you have internalized the HOW and you can just focus on WHERE you want to be and WHY it is that you are doing what you do.

Mongolian
  • #816
  • Sep 23, 2011 9:15am Sep 23, 2011 9:15am
Quoting mongolian
Honestly what I've found much more effective for me is to really focus on my purpose and my goals. The rules will become second nature. I'm sure you don't have rules posted for your music now - but maybe when you were first starting out - you were constantly thinking about the HOW to play music. What note, when, for how long, etc. Now I imagine you just play and it's really more about the WHY. Like what kind of audience do you have and how can you best perform for their enjoyment.

Same thing here. You'll get to where you...
Great stuff mate, very true.
I'm gonna watch the football and call it a night off the charts. New monitor arriving next week, keen to get back into it come Monday.

Hope you have a good weekend mate! Same to you enochben!
  • #817
  • Sep 23, 2011 9:46am Sep 23, 2011 9:46am
Quoting nhen
Hope you're trading well!
I'm not, but it's not stopping me.
  • #818
  • Sep 23, 2011 9:51am Sep 23, 2011 9:51am
Nhen - here comes your magical 3550 level!
  • #819
  • Sep 23, 2011 10:20am Sep 23, 2011 10:20am
Quoting enochben
I'm not, but it's not stopping me.
Has any got any better?

Quoting enochben
Nhen - here comes your magical 3550 level!
3500 was my heavy leveraged BE level
3550 I made a fricken meal of!

I tried to stay off the charts but failed.. meanwhile my AFL team got through to the grand final!
  • #820
  • Sep 23, 2011 10:36am Sep 23, 2011 10:36am
Quoting nhen
Has any got any better?



3500 was my heavy leveraged BE level
3550 I made a fricken meal of!

I tried to stay off the charts but failed.. meanwhile my AFL team got through to the grand final!
any better - have not traded since that last post - I am down for the day. Gotta leave oil alone when the volatility gets crazy.

just focusing on euro now - it has been up the entire NY session, so I am waiting for an afternoon selloff... i will be only entering short at every quarter level!

what is AFL?
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