The Thief of Wall Street
Your and My Lessons Learned Losing and Gaining in Trading 5 replies
Lessons Learned during System Development 29 replies
Rookie Lessons Learned 5 replies
What i learned today 14 replies
Things I've learned (as a n00b) 6 replies
DislikedGreat thread chicky, not done reading, but im on page 3 trying to fully comprehend what you are trying to help us from your own experience in the market. I can tell you've got a wide field of knowledge and experience, and im sure that moneybag is also filled up as well, especially with the thief of wall street hanging around
Keep it up, i will continue reading this dailyIgnored
Disliked...........No one asked why all six trades were longs? What's the science behind it? Will all my trades be longs or I will ever enter short? What's more to this method?
Do some thinking while I sleep. GN.Ignored
DislikedNo right trade set-up yet. Waiting.
So anyone has the anwer will I ever go short?
If yes, Why?
If not, Why?Ignored
DislikedNo right trade set-up yet. Waiting.
So anyone has the anwer will I ever go short?
If yes, Why?
If not, Why?Ignored
DislikedMy limit order is hit for a short.
i have done so because from the fluctuation of price i see a loss in bullish momentum, I believe they took their profits, and waiting for another oversold level for them to buy and create a retraceemnt to the overall bearish trend again, and bulls are just 'scalping' right now making tiny moves in price, probably 20 pips more to the shorting low-risk entry, exposing oneself to least amount of risk. spikes should happen due to the 'scalping' of the bulls.
Bears are still hibernating, spring's going to come...Ignored
DislikedBuma,
I just took a long scalp for few pips, only one trade (not on demonstration account).
May remain on sidelines for rest of the week.
Here is what I see. Dotted lines are the strong levels. The "Gap" you see is the strongest.Ignored
DislikedKR, What I mean by R:R is Risk : Reward Ratio. It has nothing to do with the pa. For example in my demo trade #1 above, Risk is 95 pips and Rewared in 105 pips. That is 95 Cents : $1.05 or nearly 1:1.
I calculate support/resistance levels in advance and therefore do not have to wait for the pa behavior at these levels. Sometimes I am rightr and other times wrong. All I need is to be right 50% or more times.Ignored