Patuca

Scaling into losers can be an amazing strategy if you know when,and how, to do it. It is akin to catching a falling knife..another great strategy that deep pockets use everyday whilst they teach the sheep to never do it...wonder why? PS indices remain bearish...they just don't look it...the code is thus screaming....

absolutely...thinking of shorting some more as i await the plunge....btw did you recover your loss? ..i'm sure you did..many times over... remember ..every dog has his day to piss in the bucket....

well sooner or later there will be a breakout...but it could be south or north...in the meantime the atm strategy works quite well. At least 3 profitable trades, perhaps 4, since i made the post.

:rofl: :rofl: :rofl: capt bob did you short coffee today at the indicated price in my previous email? did anyone?

did anyone? already made money two or three times (since opinion given 3rd july) if you followed the above opinion on your demo....i doubt it...people don't listen...people lose.....

Good advice...bye..i shall return when all are wallowing in pain....adios....goodbye...see you later...

Your laughter shall turn into sorrow and distress .....

Nobody has learn't their lesson have they? every dog has his day....soon your barking will stop...and i will be barking then....

yes, it is possible it could be...then on the other hand it just might not be..:rofl: :rofl: :rofl: Traditional wisdom says "set your stop loss...profit target...manage your trade....never vary...especially on stop loss...but um..but ...you can vary...on profit target...remember..gotta cut them losses and let those winners run...gotta trade with the trend..the trend is your friend"...and other such cow manure, so like obedient sheep everybody works their darndest (can no longer use the other word as i am reformed now) to obey the rules..problem is most lose trying their darndest to obey the rules...some say it is the trader...so he / she must go get psychological therapy to correct his/her internal errors..me, i just think it is the rules that are wrong.....but then again I may be .20 short of a dollar...now just where did you learn trading without a stop loss is a recipe for disaster? ..see what I mean? no...you probally don't...i may be an idiot..do not do what i say do and do not do what i do...don't worry... most won't......

if the secret code in the charts tells me it has truely switched to a bull market i would dump it immediately no matter what the loss....it is only money...i don't care...it might hurt a little but i would lick my wounds and they would soon heal. In this particular case i decided it to be in my best interest to totally eliminate the stop loss so as to not "lose" my position in this seemingly bull market (in the indices)...that is really a bear market. As the plunge south begins i will be taking profits on the way down and if the code indicates more plunging i will enter again. I do not care about losses but i conserve my winners...(i know.... that is breaking the rules). But to me, following the code is what is important. losses come and go...they happen...cow manure happens...everybody gets in a tinsey about stop losses and conserving capital when they should get in a tinsey about conserving winners and following the code...IF they have the code to follow...most don't.......most lose.......

Now how does he know the trend is down? because it LOOKS down..correct? But the markets are deceiving..what looks down is really up and what looks up is really down...IF you know how to read the secret code in the charts, otherwise, what looks down is really down and what looks up is really up. I trade no paper gold so have no margin to be concerned with on gold...but even if i did it would not concern me...it is only money....easy come...easy go...and when i die i can take none with me..i don't care................... If i lose it all i will get it all back........... P. S. I have never blown an account....(but do keep a stake stashed away to start over..just in case ) but if i do it certainly isn't the end of the world...i would simply cry...shoot some trees with my pea shooters...jump on my moto and roar off into the sunset to find another fishing spot while my wounds heal...then i would come back into the markets and get every last penny back and for good measure double my account. PP.SS. I have no farm...that is too time consuming...and would interfere with my philosophy of life to keep it unentangled, cumbersome free, and something to be experienced and enjoyed without alot of worry and pain and stress...i simply do not care for the things others want...long for...work for....die for...steal for... PPP.SSS Capt Bob it is about time for ime to leave Alabama...too much rain..it is messing up my fishing on the tallapoossa river...where shall i go next? ..oh...the decisions in life....

no need to move it...i have totally eliminated it...why would i want to lose my position in a bearish market?

You guys are a riot. P.M. are bullish and indices are bearish. we shall soon see and you poor lost souls will have recant and repent :rofl: :rofl: :rofl: :rofl:

well then i guess there no need for you to "think" about it. "Just do it" as nike says. However, others might think it useful to think about it??. Then again i may be a dipstick .20 short of a dollar:rofl: :rofl:

here is a 5 minute chart of recent ES day activity. The orange P's are LONG perversity points and the red P's are short perversity points. The purple P is where our friend MM go stopped out on his trade. Is there anything can be deduced from this chart as to why, or where, or how, this happens over and over, everyday, in every market? comments please..i have gotton really at the markets.. in the past...about this cow manure....i know jesse L said he never did get mad at the markets ..that it would do no good...but then he ended up with a bullet in his head... by his own hand...me thinks i'd rather get mad.. i am certainly not glad for the perversity points..are you??? Perversity of the Markets.pdf

true.... i call this phenomena which happens over and over and over all day long in the markets.. The "perversity of the markets". market goes down or up 1 to 3 ticks through ones well calculated stop then immediately reverses to soar in the opposite direction leaving one in the dust...licking their wounds ...wondering what they did wrong and if the market was out to get them, or what, because it sure looked like it... anyone else care to chime in on the perversity of the markets...??

detective pat works for me I always thought i would make a good detective....mits and i have got to settle down..i did not realize the amount of ladies lurking on the forum...we are terrible examples of decent gentleman ways...i think i am going to have to reform..not sure mits can?:rofl: :rofl: :rofl: actually mits is a much more quality poster. He actually post things of substance on trading..most of what i post is cow manure (how is that for my first act of reform). so i fore warn all lurkers of either gender...DO NOT TAKE MOST OF WHAT I SAY SERIOUSLEY. GENERALLY IT IS FAULTY..VOID OF ANY USEFULNESS AND A TREMENDOUS WASTE OF YOUR TRADING TALENTS..DO NOT DO WHAT I SAY AND DO NOT DO WHAT I DO. you will be called all sorts of names ...among them...idiot...idiot trader...infantile...stupid...jerk...novice....punk....no clue....loser...stubborn...and many other names that the new reformed I cannot say in the presence of ladies lurking on this forum.....etc these things will damage you psychologically (even if you don't care) and you will be constantly having to get away from people to a place of solitud and rebuild your ego to remain a functioning trader. That said, coffee is in a daily range. I would be shorting around 123.00 to 124.00 range and covering around 120.00 119.00 ...then reversing..wash ...rinse ..repeat until breakout of range. If i use stop losses then i would have them place far enough out of top and bottom of the range that minor breakouts would not clip my position. Ranges are hard to trade because they require bravery. It is hard to short when price is headed backup to the top of the range and looks like it will break out. Or go long when price is headed to bottom on a small but strong trend and looks like it will break south. the one consolation is that most breakouts fail. Eventually, one will get you and your money..but until then ranges may likened to ATM machines. taylors methologies (may he rest in peace) and reversion tactics work best in ranges..mucho mucho dinero can be made in ranges..... As concerns coffee in the State of Alabama. i have seen no coffee bushes on the banks of the tallapoosa river. in the stores they sell bags of 8 o'clock columbian coffee which is a REAL eye opener.

ok got you. I guess i should rephrase it better. do you know why it took you out by two ticks and then reversed back giving you another 9 points profit if you would not have been stop lossed out?

i never was long in paper gold..remember i don't trade paper gold..i thought you was out your position and your wife spent your money? moving stop losses....your lucky i had one to move! i don't like the darn things...but of course i am a strange trader...many don't like me...i don't care...

MM do you know why you got taken out at 1605 on that 7:30 bar.

well MM I hate you got stopped out this morning but that is what stop losses are for i continue with my trade. I still think she will head south..slight edge in my favor..but edges can disappear fast as we all know...you got burn't a little..i could end up getting toasted so you may end up better off than myself anyway...however i still stick with the direction being south once it breaks out of this sideways daily range. that is my prediction i see in the secret code on the chart.... Thanks for participating...nobody else did...not even db with his prediction boxes and mits with his price rotation/perfect mathematical formula/taylor 3 day cycle. Capt bob was too busy looking at the stars and the moon and going over all the receipts when his wife spent his gold trade money. Steve46 with reversion theories was no where to be seen even though he would have cleaned house with this sideways movement. he will probally say he did anyway...superior intellingence you know ...amongst a bunch of infantiles and adolescents... You, and only you, took the challenge...i respect that. I may be crying over next few days or i could be rejoicing??

PS why should anyone work 8 hours per day for xx amount of dollars? lets vote to ban work only for american citizens.. and increase imports. then print money and helicopeter ben it out day and night to the american public...they just get up in the morning and gather the dollars up and race down to the stores which are run..owned..and staffed by foreigners since american citizens don't work...and buy the imported goods with helicopter ben dollars. as the world sees this NEW and prosperous economic order they will become envious of the americans..as they already are anyway .... and say sh$t I too ain't working no mo. So the world will take to the streets and demand the american form of prosperity for their own country...gov's will be overthrown..the new world order will be set in place..no one will work and the world. finally we will al die..form diseases..no docs remember..from..lack of food ..no farmers remember...no cars..no oil or gas for cars..no clothes..so world is back to wearing fig leaves as nature rebels and continue to WORK producing goods...in the end nature survives and we humans disappear and the monkeys take over and we have The Planet of The Apes!! all because we printed money...ungirded the economy..rewarded laziness..promoted dependence..on helicopter ben..and subsidized poverty.. have you ever noticed what ever the gov subsidizes simply INCREASES. LOL :rofl: :rofl: :rofl:

light bulb time.....since the dollar is no longer pegged to gold instead of fed or treasury printing piles of money ...digital or otherwise ..and giving to the bankers who invest instead of loaning lets convince the gov to: print 15 million for each citizen of the US and lets make them al kind of rich. they will spend this money on houses..cars...RV's..hotel..food...vacations...and many will invest in stocks...etc so the economy will be stimulated...somebody has to build all those house...cars...etc..jobs will be created...stocks will surge..remember the investments...and everyone will be happy. why give the printed..created money to the banks to make them richer..give it to the people and all will become richer.:helloooo:

i moved my stop because it was an error in the begining to start with. It was a stop for intraday trading. I somehow just miscalculated my stop and this morning when i realized it i moved it. As far as my risk ...well it is a swing trade from a day frame so i go for bigger risks. Of course i realize i could get toasted. Actually.. either one of us cold get toasted tomm. I just think it still slightly favors south. I too move a stop if i become convinced the conditions no longer warrant the position held. I will move to bail out. And i will move a stop if i placed it wrong to start with by mistake as in this case. Either way i never hit my original erroneous stop anyway..... Good luck

ok but it looks like you ought to give this trade a fighting change by opening up the stop loss. A 5 pt stoploss on a swing trade from a daily chart is a pretty small stop loss and you will most likely get taken out on these 2 contracts. That will put you losing 5 points on two contracts. At one point you were ahead about 10 pts on each contract. As of market close today you have an almost 50% chance of the ES going in your favor but it seems to me you need more wiggle room unless you in fact do think you have a higher % probability, so you are comfortable with a measley 5 point stop loss. I guess everybody has their own way of trading but i would have grabbed 10 points as long as my traders equation was profitable and then re-entered later if i figured my original profit objective was still reachable.