31 votes
Little Master
Posted 16 January 2014 - 12:03 PM
Woah, okay, still.... That is a decent size to be swinging big. If I were to be down R100k I'd literally crap my pants.
15%
Geez... I'd also do the same and update my will at the same time. Lol.
Was a good call, but just too early. Same like me. If we had waited a few minutes then it would have been totally different. I entered at 41410 again and nearly fainted when we dipped below 413.
Silfen Path Wanderer
Posted 16 January 2014 - 12:01 PM
On 5 min chart a good example of the pin formation that lead to the reversal...but this is where the psychological side comes in to play...having been hammered for hundreds of points, then seeing the reversal, taking it but getting out to quickly etc etc etc etc..flip, because one is scared ....
Get a system and stick to it. Execute on it. It eliminates the "guess" and "emotion". I can vouch for that!
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
Sage
Posted 16 January 2014 - 11:51 AM
On 5 min chart a good example of the pin formation that lead to the reversal...but this is where the psychological side comes in to play...having been hammered for hundreds of points, then seeing the reversal, taking it but getting out to quickly etc etc etc etc..flip, because one is scared ....
Get a system and stick to it. Execute on it. It eliminates the "guess" and "emotion". I can vouch for that!
Silfen Path Wanderer
Posted 16 January 2014 - 11:50 AM
Same here. I would now have had R100K profit instead of a measly R1300 . I was down over R100K and closed as soon as it came back up past my entry on fear that it would drop again.
Sorry...I need to vomit my disgust....this morning's v pattern cost me over 500 points against me. Should have walked away and come back just now and I would have been in the green.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Sage
Posted 16 January 2014 - 11:45 AM
15%
Woah, okay, still.... That is a decent size to be swinging big. If I were to be down R100k I'd literally crap my pants.
Advanced Member
Posted 16 January 2014 - 11:42 AM
Sheesh, you swing big! Unless that is only like 5% of your account!
15%
Silfen Path Wanderer
Posted 16 January 2014 - 11:40 AM
Eish P. That sucks big time. Don't get me wrong, I'm just as disgusted cause I almost closed all contracts.
Sorry...I need to vomit my disgust....this morning's v pattern cost me over 500 points against me. Should have walked away and come back just now and I would have been in the green.
I just jumped for joy when I saw that recovery and I saw green again.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Sage
Posted 16 January 2014 - 11:40 AM
Same here. I would now have had R100K profit instead of a measly R1300 . I was down over R100K and closed as soon as it came back up past my entry on fear that it would drop gain.
Sheesh, you swing big! Unless that is only like 5% of your account! 
Advanced Member
Posted 16 January 2014 - 11:38 AM
Sorry...I need to vomit my disgust....this morning's v pattern cost me over 500 points against me. Should have walked away and come back just now and I would have been in the green.
Same here. I would now have had R100K profit instead of a measly R1300 . I was down over R100K and closed as soon as it came back up past my entry on fear that it would drop again.
Edited by Rockstar, 16 January 2014 - 11:39 AM.
Little Master
Posted 16 January 2014 - 11:37 AM
Sorry...I need to vomit my disgust....this morning's v pattern cost me over 500 points against me. Should have walked away and come back just now and I would have been in the green.
Eish P. That sucks big time. Don't get me wrong, I'm just as disgusted cause I almost closed all contracts.
I just jumped for joy when I saw that recovery and I saw green again.
Silfen Path Wanderer
Posted 16 January 2014 - 11:32 AM
Alsi, you beautifull beast!!! don't lose that momentum now...
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Sage
Posted 16 January 2014 - 11:10 AM
ALSI played a number today
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 16 January 2014 - 10:57 AM
Alsi, you beautifull beast!!! don't lose that momentum now...
Little Master
Posted 16 January 2014 - 10:52 AM
Tomorrow is another day, we are day traders
Yip, but sometimes I hang onto it when my targets are not reached. All depends on the outlook.
Sage
Posted 16 January 2014 - 10:38 AM
Long CAC40 4316 target 4365
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 16 January 2014 - 10:32 AM
Yip. Two very green days in a row. Will see how it goes. Also expecting major movement on Dow only tomorrow.
Tomorrow is another day, we are day traders
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 16 January 2014 - 10:27 AM
After a bullish day, europe indices like to have a small retracement.
Just between 13h00-14h30 they start rising up.
Just hope the retracement is not deep
Yip. Two very green days in a row. Will see how it goes. Also expecting major movement on Dow only tomorrow.
Sage
Posted 16 January 2014 - 10:22 AM
Tell me about it. Almost closed my positions. Think it was just trying to prove a point again. That's its a irrational beast.
Tears of Joy.
After a bullish day, europe indices like to have a small retracement.
Just between 13h00-14h30 they start rising up.
Just hope the retracement is not deep
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 16 January 2014 - 10:17 AM
Closed DAX and FTSE shorts for small profit
Took long positions
DAX 9738 target unlimited
Dow 16460 target 16560
I have Dow and FTSE still. Target 6850 for FTSE.
Hoping Alsi will clear ALL red candles today still.
Little Master
Posted 16 January 2014 - 10:14 AM
That ALSI has lost touch with the world.
It has too much going on.
While european markets are hitting record highs, it' busy with mad cow sickness
Tell me about it. Almost closed my positions. Think it was just trying to prove a point again. That's its a irrational beast.
Tears of Joy.
