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MightyMouse
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Content Count
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Everything posted by MightyMouse
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I can no longer imagine trading es intra-day. I see the open as Sunday Night and the close as Friday night with brief periods of rest. The negative is that you have to sleep with 1 eye open with alarms, etc, but the positive is that you can catch decent moves. You can go back and see that in retrospect the entry wasn't the greatest nor was the exit. But, I made a decent chunk of change. Not too bad for mediocrity
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I got out of all. I trail but not a fixed trail. I have my hard stop at BE on the whole position. I won't let a position that I added to go against me at all. It's really not a trail. I set a line in the sand which might be above or below the last add.
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OUT Filled at 10. out of all at 9.25.
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If filled at 14. My stop comes down to 30.25. I'll add again at 10, 6.75, and 4. Stop is always BE.
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I attribute it to the perception by the market of too much demand. The market "knew" that traders would not be afraid to bid up prices.
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Nice. keep it up and I'll post other nonsense like "a loss is not the same as a mistake". Or, "a win doesn't always mean you did the right thing".
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How about a fresh low, please.
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adding again at 1414.
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Some overnight rotations. I am out at 3675 if we go higher
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Don't mistake my posts as attacks of method or integrity. If your prior posts led to a decent entry and you took the entry, then that is great. If you didn't take the entry, but see how you may be able to use your analysis, then that is great too. The key is to make your analysis actionable. No one can predict what will happen next so I wasn't expecting a prediction.
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OK, so, given your analysis, do you go short or do you go long now that price is at an area that you designated as support?
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Position Sizing or Diversification?
MightyMouse replied to BlueHorseshoe's topic in Risk & Money Management
I would add contracts to the markets I trade and then only add contracts to the markets I trade well. So, if I did well trading ES, but not CL or 6E, then I would only add to ES. I think of it as a cash poker game. If a new guy sits down to play and is not familiar with how any of the other players play, he will lose big most of the time unless he has an incredible string of lucky hands or sucks out a lot. It really doesn't matter how good he is at determining the odds if he doesn't know that Bobby won't call a raise or that Timmy won't fold no matter what or that if Mike calls preflop he likely has a minimum of A10s if he is in mid position, etc, etc. Even though the game is the same, the players are different at each table. -
So what you are suggesting is that this week the market may go up or it may go down from the close on Friday. Is there a reason for boxing in the area to the left and calling it support or is it simply an after-the-fact visual convenience to box it in and suggest that it stopped there because it is there? To put it another way, is there a good reason to call failed resistance support on the way back down or is it merely the assignment of something nonsensical?
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It pays to know what the majority is doing/thinking. It makes no difference if there is smart money or dumb money in the majority.
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Super Accurate Intraday Indicators
MightyMouse replied to kingkongtracts's topic in Day Trading and Scalping
They close you out with market orders. Matching your order with someone long sonds more like love. Between reading your last post and now invoked memories of trading a delta neutral short straddle on ISRG in 2006. It's a great way to get paid when you properly estimate a drop in volatility. It gets ugly if it starts trending because you can run out of margin if you start too large or simply run out of margin if it moves too far. My issue was starting too large and I almost ran out of margin. The best case scenario is when you put the position on and it does almost nothing. If price meanders, then there is little to do to maintain a delta neutral position and you benefit from time decay When it is moving you have to keep adding shorts since the in the money options are gaining negative delta and you have to offset it to maintain position delta. If it had gotten worse, i would have had to liquidate other positions to free up the margin for the this trade that was consuming more and more of my account. The goal is to get to options expiration and time slows when you are battling delta. Needless to say, I suspect the memory broke free a piece of plaque from my arterial wall. -
Super Accurate Intraday Indicators
MightyMouse replied to kingkongtracts's topic in Day Trading and Scalping
Well, there are reasons because there are plenty people who won't provide proof. I suppose that, categorically, they do not want to be exposed. -
Super Accurate Intraday Indicators
MightyMouse replied to kingkongtracts's topic in Day Trading and Scalping
The broker will close out your trades long before you put them at risk of taking a loss with your account. -
If you execute properly, there is nothing to learn from losing. Losing is a function of the game. If you properly execute and lose and try to learn from your loss, then you are indeed confused. Losing stirs emotions. Winning stirs emotions. We must accept that winning and losing stir emotions and learn to properly release those emotions. Subduing the emotions, or pretending to control the emotions, is not properly releasing the emotions. You will not fool your "self".
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Interesting response. I am over both age 45 and 50. I personally have no desire to be 21 or 26 again. I am only interested in what tomorrow brings. I hate losing live, do not trade sim, but if I did trade sim, I honestly would not care if I lost. Time is very valuable, but in the market money is king. Your success in the market is measured directly by how much money you have made and not by how much time you have saved. Spirituality is for those who have more time than things to do with their time. If you are concerned about wasting time, you shouldn't concern yourself with spirituality.
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Bob, please explain why you felt it was important to mention that Japanese truck reference.
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Super Accurate Intraday Indicators
MightyMouse replied to kingkongtracts's topic in Day Trading and Scalping
I agree. Guys with "verified" trading statements are just dumb!. They are suckas! -
Losing in sim bothers you more? That is purely gold. I can't wait to see what you post next. Hopefully, you do not grow up first.
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I'll add at 19.5. Very very doubtful it will get there by the close. I'll put it back in on Sunday night.
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I saw it hesitate around there. I was preparing to curse you. 1400 would be really nice. I said 50 points before, but that is with 2 contracts to start so, call it 25 as the price flies. I suspect a decent move but will bail if I do not like what develops. So far I like it. I will also stay as long as I can if the development continues to favor the downside.