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ForexTraderX

Watch A Typical Day Of A Real Day Trader

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I see this E/U long trade like this -

 

If we push up to 1.2395ish, before we retest 1.2990 or lower, we could be pushing upwards, OR it could just be a run of the asian session highs to sell off at a higher price and with less slippage. So, should we test asian highs first, i'll look to reduce a good portion of my position, ideally eliminating my risk.

 

If we push down first, this is probably better for my long trade, however, I'll be very cautious, and I won't be getting in any bigger unless something clear and compelling develops that really has a high probability of moving up for the rest of the day.

 

So, until either 1.2895-90, or 1.2930-35 is hit.... I just wait.

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Well, E/U is finding support here at the 2900 level... but it's pretty early on for this type of support in the session. Usually london session proper is the more frequent session to establish session highs/lows....not frankfurt.

 

At any rate, i'll just continue to be watchful of this trade as the next 2 hours goes by. After that, I'll probably konw what i want to do with it, if I still have it open.

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Ok, well, now the E/U is looking better. finally seeing the volume inflows on the bullish candles that I wanted to see. London could change everything of course, but so far, so good.

 

I wanted a drop rather than a rise first.. I got it. I wanted better volume, I got it... now, if london can maintain this momentum, this trade will be solid.

 

FTX

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Hello ForexTraderX:

 

For your longer term charts like the yearly and monthly charts what are you using for a data source ?

 

Are you just using futures continuation charts which switch when the next month starts trading ?

 

Or do you use other sources ?

 

Thank You

 

Henry1000

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Ok... now that we've nearly matched the asian session highs for the EUR/USD, i've closed the position out. Still holding on the EUR/CAD long, but i'm done with the EU for now.

 

I'm exposed enough to the market as it is right now, and no need to have a sub-par trade on to mess with my head.

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well, with the EUR/USD long closed out, I'm pretty much done with all the stuff i need to manage. I'm calling it a day.... the other trades that currently I have on will resolve themselves, either for a profit or a loss, but I never had any intention of "babysitting" them.

 

I'll post up more this week as things start to resolve or my analysis changes.

 

Happy trading

 

FTX

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Do you use fibonacci numbers?

 

I had some automatic fibo indicator on my eur usd 4h chart (that was left there in one demo account for testing usage of it) and I mentioned exact 0.618.. was curious and looked for more... and as it appears there are quite a lot of fibo guys of amongst buyers.

 

I don't know whether they are big guys.. (retracements are somewhat considerable) or weak hands... time might shed some light on this.

 

You will have to go to link... picture does't appear her for me.

 

4ymf1wqhf

 

Another one:

eurusd_fibo2.gif

picture sharing

Edited by ARTjoMS

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Hello ForexTraderX:

 

For your longer term charts like the yearly and monthly charts what are you using for a data source ?

 

Are you just using futures continuation charts which switch when the next month starts trading ?

 

Or do you use other sources ?

 

Thank You

 

Henry1000

 

I use thinkorswim charting for longer term stuff. I get up to 10 years back. I generally use spot forex charts for longer term levels (like monthly/yearly) levels, but then if it's in an XXX/USD pair, trade the futures version of it when the spot reacts to the level.

 

I try to avoid using futures charts to determine older levels because of the continuation and variance of pricing aspects of them. For anything less than 90 days old, I find any differences really to be negligable, but longer than that... I use spot since it's a "constant" vs a "variable" reference.

 

I don't have yearly candles, my charts only go up to monthly, but that's good enough for me.

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ForexTraderX, when do you open your live trading room? Thanks.

 

Hehehe.... over 15%, 6,000+ pips, and 2.5 months later, and somebody asks about the "trading room"

 

You guys here are a tough crowd! I figured folks would have been on it like stink on shit... I know I would have back in the day, but it didn't turn out that way.

 

Actually NYC, i've not been doing it or trying to do it for some time now, since literally the interest in it was about 1 or 2 people at a time at most, and those people tended to only be able to make it on certain days, and during different sessions (asia, london, or U.S... but none at the same times really)

 

Tell you what though. I am still interested in doing it, but I wanna get at least 4 people at a time, and then I'd be happy to do it on skype as a group chat or whatever.

 

If you or anyone else is interested, tell me what day (day and date, because international stuff can confuse me), as well as what session(s) work for you guys, If we can get 4 people who want to see the same day and the same sessions, i'll do it.

 

So, just post up here (do not PM me) what day, dates, and sessions work for you. Hopefully others who are interested post up as well. We get 4 folks, we got a deal.

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Do you use fibonacci numbers?

 

I had some automatic fibo indicator on my eur usd 4h chart (that was left there in one demo account for testing usage of it) and I mentioned exact 0.618.. was curious and looked for more... and as it appears there are quite a lot of fibo guys of amongst buyers.

 

I don't know whether they are big guys.. (retracements are somewhat considerable) or weak hands... time might shed some light on this.

 

You will have to go to link... picture does't appear her for me.

 

4ymf1wqhf

 

Another one:

eurusd_fibo2.gif

picture sharing

 

ART... I'm only getting one pic...but I get the idea.

 

Ya know, I was thinking a bit about a post you made here a couple days ago, regarding trying to get pinpoint accuracy on a turning point, with very little risk in terms of both pips and percentage, and then getting a good return...etc...

 

And I saw another post you made about moving averages being S/R (on another thread), and you've mentioned fibs...etc.

 

Look. Those are both fine tools. They will work to a degree. Particularly if you follow the trend (whatever that means) and let your winners run...etc, etc.

 

But if you really want pinpoint accuracy in turning points, I can't emphasis enough that if your best bet is going to be focusing on session highs and lows, daily highs and lows, weekly highs and lows...etc... and really trading only from around those points.

 

going by Eastern Standard Time (new york time), why don't you open a 1hr chart (any major or major cross currency will do), and draw a horizontal line at the following times:

 

8:00 pm New York time (start of asian session)

 

2:00 am New York time (start of europe session... london starts 1 hr later)

 

8:00 am New York time (start of U.S. session)

 

Now, watch how many times those lines are hit, only to stall within a few pips, and then reverse in the opposite way for a very nice move.

 

Here is a couple examples in the pics I attach.

 

So, as far as fibonacci goes... lets say I have 2 or 3 price levels with session or daily lows...say london session lows at, whatever, 1.3822, and that low has not seen a retest of price, but the next day, we have a U.S. session low of 1.3847... and then, the next day, I want to take a trade.

 

In this case, I have two possible levels, about 25 pips apart from one another. In this situation I MIGHT throw on a fibonacci from a recent swing high to low, and see if one of those two points intersects the fibonacci. If it does, I MAY put more consideration on the one that has confluence with a fib level.... however, that will still take a back seat to price action, what TIME price reaches each level, and my overall market directional bias... as well as many other things.

 

So, do I use fib levels? Yea... sometimes, but not really on intraday stuff.

 

If I do use it, it'll be like in the following situation.. look at the daily AUD/USD chart I've included. The 38.2% fib level happens to intersect the 1.0330 level, which has about 3 significant daily lows within 20 pips of each other that ALSO are right around the 38.2 fib level. In THIS case, I will look hard at this level with the intention of taking a trade in the expectation of the AUD/USD reversing and dropping downward for at least 20-40 pips (maybe to even break 1.0149 recent low)... but, honestly, the fib didn't even need to be there for me to watch this level.

 

So yes, I do use them, but only in a very specific situation, and generally only on longer term charts (daily and up), and only if they further demonstrate a good confluence of previous session/daily/weekly/etc high's lows, and if my price action leading into the level (daily price action primarily) is looking weak or overextended....

 

my point? fibs are a relatively inferior tool in market analysis, and I only use them to add additional support to a level I am already interested in, or to pick between 2 levels as the one I will focus on, but never as a tool themselves, and never more important than price action, trend, correlated markets, previous signifigant highs/lows, overall market bias, time price arrives at a level, newsfeed information of current bids and offers, barrier option information, general option info, news catalysts, market sentiment, areas of liquidity and liquidity gaps, various classical chart patterns, reversals/retracements based on market symmetry...etc.

 

As you can see, fib's are pretty far down on my list of whats important and what tools I use to decide whether to trade any given price level or not.

 

Does this make sense to you? Please let me know one way or the other... I'll await your response. Thanks.

 

FTX

5aa7115d641c3_AUD-USDdailyfibchart.thumb.jpg.cfea9afab643a0d3f7dda423d229c8bc.jpg

UC-5-min-session-high-low-stop-runs.thumb.jpg.715c410bdebaa861a382c6eb965686a8.jpg

GC-15-min-stop-run.thumb.jpg.9f8bad4032bd3bb9f830b012ca0d83bb.jpg

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ART... I'm only getting one pic...but I get the idea.

 

As you can see, fib's are pretty far down on my list of whats important and what tools I use to decide whether to trade any given price level or not.

 

Does this make sense to you? Please let me know one way or the other... I'll await your response. Thanks.

 

FTX

 

Hi,

 

double clicking on that image or right clicking gets you nowhere? That was a really nice picture!

 

Actually I feel like they are more useful when considering exits. Now imagine... you have put your take profit at level 1.2345, but price unfortunately reverses 1 pip before target.. and you have like absolutely no idea why. Now.. I think it might as well be good to just leave it as it, let alone you find out that 1.2346 was some precise Fibonacci number.

 

Also It is important for me to be sure that I have as much of an edge as possible. I do have respect for those pure TA/Wyckoff traders, but I just seemingly don't get along with them.

 

That thread wasn't about MA being S/R... but it turned out, because some wanted to be "nice" and unnecessarily educative... so it went off topic. It still troubles me that when trying to see 200 day average traders have to come up with so many variations... The problem exsists only with days (if we assume evryone is using simple), but unfortunately that is the only tf I find it really useful .

 

I found one excellent book on net, where the author covered these issue extensively. Unfortunately only precise definitions (plus exceptions) of stuff like trendlines, retracements, breakouts...

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Hi,

 

double clicking on that image or right clicking gets you nowhere? That was a really nice picture!

 

well, i thought u said something about 2 pics. I only saw 1 pic...and i did click it and get to see it bigger...so I know what your talking about (I think)

 

 

Actually I feel like they are more useful when considering exits. Now imagine... you have put your take profit at level 1.2345, but price unfortunately reverses 1 pip before target.. and you have like absolutely no idea why. Now.. I think it might as well be good to just leave it as it, let alone you find out that 1.2346 was some precise Fibonacci number.

 

Of course there are many variables here... but in general, I watch my trades close enough to see if they start to reverse after coming incredibly close to a target (or even just quite close)... and I close them manually at that point. Fib or no fib, level or no level... I'm not letting 97 pips of paper profit drop much below 80-85 pips of a paper profit if my original target was 100 pips, with a 50 pip stop (just using this as an example).

 

If i'm really just intraday trading, and going for true "day trades", I'm usually taking something off around 20-30 pips, and reducing risk at that point by usually moving a stop loss up. In other words, If I see a trade moved 80% of the distance from my entry to my target, and I make less than 50% of the possible profit I had planned for...I totally fucked up in that trade. That's how I look at it.

 

But, addressing your point more specifically... there are many factors that can play into creating a level of support or resistance. And of those, I find previous session/daily/etc highs and lows, market sentiment, candlestick patterns. classical chart patterns, etc all more relevant and important and more effective than fib's in finding turning points. Particularly turning points of real significance (say, 50 pips or more)

 

Also It is important for me to be sure that I have as much of an edge as possible. I do have respect for those pure TA/Wyckoff traders, but I just seemingly don't get along with them.

 

Ok. I agree with much of an edge. Again, I've just found previous highs/lows to be an order of magnitude more relevent and significant than fibs. Maybe it's just me, but that's what I've found. as far as TA/Wycoff traders, I don't have much to say one way or the other.

 

That thread wasn't about MA being S/R... but it turned out, because some wanted to be "nice" and unnecessarily educative... so it went off topic. It still troubles me that when trying to see 200 day average traders have to come up with so many variations... The problem exsists only with days (if we assume evryone is using simple), but unfortunately that is the only tf I find it really useful .

 

Agree with you regarding daily TF and moving averages. But again, any derivative of price I find much less effective (though not entirely ineffective) than price itself. Makes sense to me too that it would be this way, as the entire universe of traders all have roughly the same highs and lows on their 1 hr charts, and a U.S. session high or low is universal for everyone, but derivatives of price like MA's and fibs are not only used by fewer traders than price itself, but the way they are measured is less exacting than say, the high of last week in the XXX/YYY. Furthermore, more traders will tend to put stop loss orders and other types of orders at or very near previous significant highs/lows, than they will a fib level. Of course, not all...and many use fib levels rather than previous highs/lows... I'm just saying of the two... there are MORE traders who place orders around previous highs/lows, than there are traders who place orders around moving average levels, fib levels...etc.

 

I don't find them totally useless (as I do the MACD or parabolic SAR for example), but I find them the least important of the tools I use. simple as that.

 

I found one excellent book on net, where the author covered these issue extensively. Unfortunately only precise definitions (plus exceptions) of stuff like trendlines, retracements, breakouts...

 

Hmmm... i'm not sure what point your making with this last comment... but I don't get too caught up with precise definitions myself. To me, it's more qualitative than quantitative in trading over all, so precise definitions are more limiting than a more flexible, qualitative approach to defining market opportunities.

 

FTX

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well, i thought u said something about 2 pics. I only saw 1 pic...and i did click it and get to see it bigger...so I know what your talking about (I think)

 

Yes there are 2 pics I was referring to the one which appears as some symbol.

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Hmmm... i'm not sure what point your making with this last comment... but I don't get too caught up with precise definitions myself. To me, it's more qualitative than quantitative in trading over all, so precise definitions are more limiting than a more flexible, qualitative approach to defining market opportunities.

 

I see that you say "To me", but I think it is totally the other way round - your approach is quantitative. Set of rules to validate something only help quality. Decisions based on "I think/feel" - not, unless you are some market guru.

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I see that you say "To me", but I think it is totally the other way round - your approach is quantitative. Set of rules to validate something only help quality. Decisions based on "I think/feel" - not, unless you are some market guru.

 

Ok, I see your point and there is some validity to it, but what I'm referring to by qualitative vs quantitative, and I think your referring more to subjective vs objective.

 

Make no mistake about it, there are some quantitative aspects to it. When determining a previous daily high or low, that's pretty quantitative. When drawing a trendline, it either has a positive or negative slope, and that is quantitative.

 

However, when looking at a pinbar for example. what EXACTLY is a "pinbar"... well, i'm not exactly sure how I would define it. It has a long wick on one side , relatively small body on the other, and if the wick extends in the direction of the current swing, this pinbar is then a warning of an above average odds of a reversal or retracement of some degree.

 

Or, what about the AUD/CAD chart I was recently talkiing about the "big reversal or retracement" coming (which did work out even more than I had expected in fact)...

 

I was talking about it bouncing because it was approaching a "singificant" level of support on a daily chart. Well, what exactly is significant? define significant? I'm not sure I can. I can show you why THIS particular level is significant, but you could show me another level with those exact same reasons I list, and I may say "nahh... this is not as significant, and I would need to see confirmation before acting" etc.

 

And when it comes to major turning points and such, like impending weakness I saw very likely to play out this week in the CAD and NZD, and the strenght I was expecting in the EUR.... well, I can show why I thought that, but if a person looks at the specific details of what I'm pointing out... they are going to be slightly different than the details in another situation (like last weeks AUD/CAD and AUD/USD strength, for example)

 

And when it comes to market sentiment and fundamental data trends, those are also more subjective, because I'm not just factoring "is the news good or bad?" but how much importance I think the market is going to put on it, as well as what news matters at all in the first place.

 

Same goes for my criteria for which elements are most important at determining opportunities.

 

last week, the AUD/CAD and AUD/USD long opportunities were determined primarily based on 3 elements: an oversold market, significant support levels, and market symmetry on a longer term scale.

 

This week, long trades in the EUR/CAD and EUR/NZD (for example) actually pretty much IGNORED the potential resistance in the EUR/CAD at 1.2800, but factored heavily in COT analysis, strongest vs weakest markets, longer term (weekly, monthly) candlestick charts and price action, and even a little bit of elliot wave.

 

How did I know to choose completely different factors to determine opportunities? :::shrug::: Experience no doubt. Maybe a little talent. Probably a little luck.

 

But could I give you a quantifiable way to measure and make such determinations for yourself in a "paint by numbers" fashion? No. I can't. I just figured certain elements were most important last week, and different elements were most important this week.

 

Right now, i'm short the GBP/USD and AUD/USD. no idea if they'll work out, but i'm taking these going based on longer term trend, market sentiment, market profile concepts, and correlated markets (such as the DX) coming into support... And the fact that the GBP and AUD are relatively highly priced considering the average of the last 12 months...

 

Again, completely different factors. I could also totally lose on these trades as well (as I often do)... but, this is what I'm talking about when I say qualitative. it's not subjective, it's definately more than subjective... there is a method of emperical analysis here no doubt... but it's not all strictly quantitiative...as I can't say "if the COT is blah blah more than this number, than it's the most important, if it's less, than it's not" etc.

 

I can only say "well, I think it's more important for these reasons right now... but next time around, there could be completely different reasons, so it's just situational for now"

 

Anyway, I think you've probably got my point. Hope this helps flesh it out.

 

FTX

Edited by ForexTraderX

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well, after a bit of looking and weighing various factors, I'm thinking the easy trades for this evening are likely the GBP/USD short, and then probably the USD/CAD long, and then the 3rd place prize goes to an AUD/USD short...

 

GBP/USD short is probably good all the way up through 1.6220ish... until we can break and hold above that price, I'm looking for short opportunities. For now, anything 1.6130-6150 is a great place to get short. Above that, 1.6170-6200.

 

I'm short now, will get shorter if we can push above 1.6130ish, and i'm targinet around 1.6050, and then lower at 1.5960.

 

The only "problem" I see with the trade is potentially that the EUR could push up and drag the GBP up with it, however, I don't see the euro pushing up much against many markets for at least the next 24 hours... as it's overextended right now. I do believe it will see more upward action in the days to come, but a day of consolidation as it is overextended and coming into several important resistance levels on a variety of correlated markets... I think we'll see consolidation. And that should be enough weakness in the risk currencies to allow the GBP to drop... possibly quite a bit.

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Well, looks like the CAD is still the weakest link. Here's an article published today on bloomberg, regarding how sentiment is shifting in accordance with the move dovish tone of the Bank of Canada.

 

Canadian Dollar Falls as Carney Douses Rate-Increase Speculation - Bloomberg

 

With the market being so extremely net long CAD'S.... and then this sudden shift in sentiment (which will likely be followed by fundamental data coming out showing more reasons for the Canada to persue a softer monetary policy... interest rate decrease or weak housing numbers are likely going to be the first bits of hard fundamental data to show up), is really creating the perfect storm for the CAD to be sold off against all other major market currencies... most of all the EUR.

 

At this point, i'm seeing a very likely move up toward 1.3300-1.3400 in the EUR/CAD ovewr the next 2-3 months tops. MOre likely by the end of november.

 

Here's a weekly chart of the EUR/CAD.... with the yellow lines being the likely next major stalling points before we move upward toward 1.40-1.44

 

and unless we have an incredible euro union default (which looks more unlikely now than it has at any time over the past year).... I don't see much stopping this from retesting 1.40-1.44 within the next 8-12 months.

EUR-CAD-WEEKLY-CHART-PROJECTED-TARGETS.thumb.jpg.a87aaddf3cf45dbdca7592f374905fb8.jpg

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I find many aspiring and even quite a few successful traders have some pretty interesting ideas about the news and economic data releases.

 

For myself, it's best if my technical bias and sentiment bias are in line with one another.

 

For the GBP/USD short I have on now... news like this article here gives me further confidence in the trade, and also will encourage me to risk more than I may have origionally planned, or possibly go for targets that are further than I had origionally anticipated targeting.

 

Pound Drops Against Euro as U.K. Inflation Slows; Gilts Decline - Bloomberg

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THe large impulse move up in the euro right after the NY session (and yesterdays official trading day) ended is a bit suspicious to me... seems like a low liquidity stop run more than a true impulse move up.... but, if it's a stop run, price will drop back down.

 

if it's an impulse based on a lack of supply and too much demand, it'll move up... that's less likely. However, i'm really not expecting any large retracements here on the EUR/CAD... with nothing looking stronger than the euro, or weaker than the CAD.... i don't see how anything will stop this market from pushing well above 1.3000 by the end of the month... and prossibly even by the end of this week or next week.

 

guess we'll find out one way or the other.

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Well, surprisingly good (and somewhat unexpected to surprise) news came out regarding the British economy, including their unemployment... so I just closed out the entire GBP/USD short I was building up. I'm not opposed to re-entering should we see a 1hr candle completely reverse this impulse move up, but as it's going right now, that may not happen, and I'd rather not take any other unnecessary loss than what I need to.

 

So i'm out for now... will be looking for a reversal candle to get back in, as my bias is still to the short side, but unless we get it, no use in throwing good money after bad.

 

FTX

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Bleh... shitty trade management the last 36 hours. Had a few positions really get away from me, for a variety of reasons, but primarily because I let my recent success contribute to an overconfident mindset.

 

OF course my risk is low enough on any given entry that even a dozen or so stopping out that in most cases it won't even kill a week of work, nevermind a month...

 

but, It's just a total lack contingency planning for my trades in case something doesn't work out the 1st or 2nd or even 3rd time, but has not yet acted in such a way that would negate my overall bias.

 

I got a bit myopic due to this overconfidence, and it ended up costing me. By my estimates, I should be up now between 4%-7% for the week, had I not made the mistakes that I've identified. Instead, i'm only up about 2.3% for the week. I'll probably finish out around 3%, depending on where the trades I'm currently in resolve...but, 3% is significantly less than 5 or 6 or 7 percent. So, i'm working on some ideas that I hope help me address the overconfidence issue better in the future.

 

Will post more as it is relevant.

 

FTX

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Well, the EUR/USD futures literally just filled a gap they had made from a few days ago. I'm long the E/U for a small position right around 1.3060....

 

however, the better trade IMO is a long of the EUR/CAD.... If the EUR/USD finds support here, given the movement of the USD/CAD and the other reasons 've already listed for a bearish CAD.... it stands to reason that if the EUR/USD will move up, then the EUR/CAD will likely move up even more.

 

If the EUR/USD falls further, or completely falls apart here and dropss quite a bit more... well, the EUR/CAD may just tread water, or have a minor retracement...but whatever happens, the odds of it holding up better compared to the EUR/USD right now is extremely high.

 

So of course I added to my EUR/CAD long position. This way if i'm right, i'll probably make more with it than the E/U, and if i'm wrong, the EUR/CAD may drop back, but may avoid the stop loss point... and if so, it will have another chance at further upward movement as soon as the E/U finds support.

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      One of the most important reasons why traders take big losses is because they often fail to recognize when a trade has gone wrong. You see, stopping out of a trade is probably the biggest fault of traders and investors. Often, this happens to young and inexperienced traders and investors, but I know many veteran traders and investors that struggle with this as well. Early in my own career I struggled with stopping out of a bad trade myself, so I can sympathize with this problem. 

      The problem with taking a loss is really two fold. First, the trader has to admit that he is wrong. As you all know, as human beings we all hate to be wrong. The ego simply gets in the way and we all want to always be right all the time. The first secret in this business is to check the ego at the door. The market does not care about your the color of your skin, religion or anything else. It will move in the direction of the money and that is the bottom line. Once a trader or investor goes into what I call 'hope mode' the trade is over. I'm sure everyone has been in this position at one time or another. Simply put there is no room for ego or hope in the stock market. The market is always right and there is no reason to fight it. 

      Here is the second problem with taking a loss, it hurts. Pain and pleasure are the two reasons why humans do anything at all. As a human being, we are always looking to have pleasure and avoid pain. Well, losing money is painful and many people would rather simply hold a losing equity than lock in a small loss and move on. I cannot tell you how often I see a trader hold a losing trade only to see the position move further out of the money. Many years ago I watched a day trader blow up a $200,000 account in a single day averaging in on a bad day trade. To this day I can remember the look on his face as his money vanished in thin air. Believe it or not, this trader could have exited the position with a $500.00 loss, but instead he kept averaging in and fighting the position until he was wiped out. As a rule, once you have your full position you should never average in on a trade. At that point, it is critical to know where your max loss is going to be and stop out if that level is breached.

      Now when should we stop out? The answer to this question is not that simple, but here is what I personally do. I always place my stop loss below an important breakout or pivot on the chart. You see, prior breakout or pivot levels are usually defended when retested. After all, this is usually an area where institutional traders and investors got involved, that is why there is a pivot low or high on the chart to begin with. If that level is breached on a closing basis then I will move out of the position. So If I took a trade based on a daily chart pattern then I will usually check the daily and weekly chart levels. If there is a major pivot on the weekly chart then I will use a week chart close as my stop out level. While this method may not be perfect, it has saved me from much bigger losses when I have been wrong.



        Nicholas Santiago
    • By trading4life
      Hello, My name is trading4life.
      I just joined this forum.
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