35854 replies to this topic

[fabes]

Experts... A, Chubby, Sunesis, K, L etc. What is your take atm. Are we going up today or possibility of further downward movement?

 

[massimo]

Long ALSI at 39800.

[CPvanWyk]

I have nothing against the big boys. Remember if it is not for them there will not be an market with lots of changes.

[RBM]

the updraft is here people beware!

[Sunesis]

those entering longs around these levels...no fear

To have a big account is a plus, i have to say

The more capital you have, the less losses you make. That's if you have good money management

[Beorn]

Do you hear that roar in the distance?

Is that a bear?

 

It has to be very hungry after such a long hibernation, a rump steak should be acceptable for now.

 

The whole bull a little later. 

 

Lets see if the rump is done.

[fabes]

Is it really a good time to buy? Watch out for the revenge trades...

 

I also feel like entering now, but I don't know if we really going up again today. ALSI has it's own agenda today.

[Sunesis]

This is where they take your money and make you go short and then they go long.

Stop hunting time

[delta66]

those entering longs around these levels...no fear

[Magic_Matt]

Thanks good sir. 

 

Lol  Magic You need to get married! Preferable to a tiger...The thought of coming home to tell her you lost money should scare away any indiscipline that you might feel during the day! 

On a more serious note...If I were to share my story it would be scripted EXACTLY like yours. You have also been trading for  2 years or so? Your university fees have been paid in full! You might be ready to graduate? Its up to you whether you do. Biggest mistake all traders make on leveraged products? Position sizing!  Second biggest mistake? Letting losses run too long and cutting profits too quickly! Third biggest mistake..Coming onto this forum..reading the posts, forming an opinion based on the forums chatter and then looking at the charts and making your biased fit the charts. Please please please do it the other way around! Look at the charts..see what its doing..work out how much you are prepared to lose and then once you have your plan in place then maybe check out the forum and see if there is maybe something you have missed that someone has maybe picked up. Revisit your charts again and once you have look, at them again. What the markets are doing is on that chart. What you want the markets to do is in your head. Unfortunatley nobody trades on those charts stuck in our heads or we all would be billionaires already.

You are ready to graduate..Graduation takes place as soon as you have identified your mistakes AND learn from them going forward.

[Redeemer]

just fully hedge my longs. I don't wanna close them...will rather lock in the loss until I think I know what's happening! This bear's got nasty bite!!!

[Lekkerry]

Wow, it hit my bottom ultra support now (39660 on J200).

 

Next support from here really is 39000 

[davidp13]

This is where they take your money and make you go short and then they go long.

yip - what fun this is

[RBM]

now is good time to buy

[Sunesis]

Safe as houses.

Just be sure you tell the guys you told to buy when you close your longs.

All my stops are at 39500

I will loose 6% of my account if they hit

[CPvanWyk]

This is where they take your money and make you go short and then they go long.

[Sunesis]

Last long 39750

[Beorn]

My stops will recognize the turn.

its very close to my stops now.

 

Safe as houses.

Just be sure you tell the guys you told to buy when you close your longs.

[Sunesis]

Will you recognize the turn?

That is the question.

My stops will recognize the turn.

its very close to my stops now.

[Mad Max]

How the hell are we are tanking. We have just broken through weekly support as well.