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MightyMouse
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Content Count
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Everything posted by MightyMouse
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You only get hurt if you get stubborn and hold onto a losing long or short position. The market is never wrong.
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A trader who doesn't know how to take money from other traders is in a losing streak the day he starts trading and stays in the losing streak the entire time. Paper trading won't get him out of his losing streak. Pure silliness.
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The greatest factor impacting homicide rates is a country's policy on addictive drugs. Guns increase the instance of accidental death in all countries since, well, accidents happen and guns are difficult to store safely. No doubt it is easier to kill someone by shooting them than by any other method.
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Out of curiosity, why do you think, while the market is rising, that the odds favor the downside? Are you wrong or is the market wrong? The market could go down, as it did when I was stopped out, and still be higher than your entry. Also, is your 1650 stop the final move or will you possibly move it if we reach 1650?
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It really doesn't warrant a thought. Out and move on. If you are pissed, then wait and move on. Either way, move on. Losses are a part of trading. The impact of losing a few points on a single trade when you count up your gains and losses at the end of the year is meaningless. especially if the trade was done properly. It's not too fruitful to think of what you could of or should of done if you know what you are doing.
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Actually 1 tick. 1 tick is only worse than the same tick. I knew going into the trade that there was going to be resistance from 20-40. That is the major reason; however, if there was enough demand, then it could have pushed through, but there wasn't and there is nothing but chop. If I were to take a trade in es. i would short on a sell stop somewhere around 99 or buy it above 1610, but i do not have the time to mess with it, given the max time i want to give it and the volume read is just lousy right now anyway. So, my trade is no trade. I will only trade es within a particular timeframe.
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Sure. Because the market met my stop. I would do what I did 1000 out of 1000 times in exactly the same way. We are trading completely different timeframes with very different styles.
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When I buy and you sell, we agree on price, but we disagree on direction. The POC, then. could be viewed as the price where most people disagreed on direction during a time period.
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I don't take trades that will toast me. I understand completely that I could still get stopped out for a loss, but it is a smaller loss than it was when I started. And my trade ( any trade) is most vulnerable right at the entry. A good trade, to me, is a trade that has reduced financial risk over time. If I am still able to hold onto my trade if you get stopped out at +-1650, then, at that point, I will be up about 6500 with my adds. Lots of ifs, but not bad for a trade that started out as an $800 risk and is now reduced to about $400. The likelihood is that I won't still be in it at 1650ish because of time constraints and at 1605 I know I am out.
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Moving my stop to 1605. Small adjustment, but I want out if touched. Also, my stop goes to BE if it trades 25.50.
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I appreciate you attempting to help me manage my trade, but the only time I move a stop loss is if I am bailing out of a position; I simply exit the trade rather than move my stop. I can't think of a time when I moved my stop further from my entry that turned out to be a good idea. i have some questions about your trade: When I was up 10, you were down 25-26 and you thought it a good idea for me to get out and for you to move your stop to 1250 area. Your trade only went about 1 point in your favor, why did you increase your risk from 25 to almost 60 es points? Why not bail out of the loser and get back in if the trade equation for your short was still favorable?
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Not changing anything. If I get stopped out, I will look to get back in higher. I have time to do these trades this week; otherwise, I trade a lot longer term than this. I will give this until about next Monday.
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I was filled at 330 my time. i plotted out future adds. I never intended this to be a day trade. I don't day trade es or anything for that matter.
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my stop is at 1604.5
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you are suggesting that I get out of a winning trade while you stay in a trade that is down 20 points? is that because even though it is going up, it really should be going down?
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I came very close to getting taken out. You do what you need to do.
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Will Gold Prices Double Five Years from Now ?
MightyMouse replied to Larry1234's topic in Market News & Analysis
A long term direction ends when there is a lot of supply or a lot of demand. When there is a lot of supply, the market moves down until that supply is gone. The market moves up when there is a lot of demand. You need to develop tools to identify when either is present. -
I love coffee. But, I don't trade it. I only drink it.
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I'm long at 1609.5, stop at 01.25. If it spits me out, I will get back in at a higher or lower price. Patuca, I am assuming you are short.
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Bob, Bear to the bone. Claws and all. Almost all commodities.
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Will Gold Prices Double Five Years from Now ?
MightyMouse replied to Larry1234's topic in Market News & Analysis
Yes, with more capital they can invest more. Where they invested is unclear to me. The intent was to invest in the USA so that the money could be used to build plants, factories, etc and create jobs. That probably didn't happen to the extent that the Fed hoped. -
Will Gold Prices Double Five Years from Now ?
MightyMouse replied to Larry1234's topic in Market News & Analysis
QE1,2,3,4... is quite similar to normal open market operations. The major difference is the scope of the securities that it purchases. Open market operations traditionally were conducted using short term tnotes. QE involved MBS. and longer term tnotes and tbonds. The fed bought securities from banks not the treasury. The purchase of securities by the fed is an asset swap that changed the composition of bank assets, moving money into bank reserves. More reserves means that a bank can lend more. But in practice, given the risk cycle that parallels the business cycle, banks have tightened lending practices. QE did increase assets on the fed balance sheet but it also increased liabilities. QE did drive down longer term rates. No question there. Now that there is more data on QE, we can certainly expect that QE will be a tool that the FED continues to use in the future as it sees fit. -
Will Gold Prices Double Five Years from Now ?
MightyMouse replied to Larry1234's topic in Market News & Analysis
There is nothing to see. We will both be right, but at different points. But, for a bull market to end, there are certain characteristics that need to be present. They are not present in equities, but they are present in many of the commodities. In order for a bear market to continue, there needs to be certain characteristics as well. If one knows what he is doing, then he knows what those characteristics are in each case. -
Will Gold Prices Double Five Years from Now ?
MightyMouse replied to Larry1234's topic in Market News & Analysis
Markets have crashed and will continue to crash. Your attitude would have left you out of the best market moves ever and possibly been, worse, short. It is a bad, bad bet to bet against the USA. -
Will Gold Prices Double Five Years from Now ?
MightyMouse replied to Larry1234's topic in Market News & Analysis
real estate (land), stocks, especially bank stocks. I suppose you could buy art, collectibles cars, but I tend to have a hard time thinking they are not fakes. Keep your money in anything but bank accounts and cash and you'll be safe from inflation. When you need fixed income then inflation will hurt you, but hopefully by then you will have a fortune in assets to sell and more than enough to get your through 30-40 years of wishing you were still young.