Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
midtown
-
Content Count
4 -
Joined
-
Last visited
-
The major reason why suicide traders don’t use stop loss
midtown replied to analyst75's topic in Trading Psychology
Thanks for answering. I would consider it reckless of me not to place stops. I've never had a stop in place that wasn't executed when it was hit, so I was just wondering if "blowing by a stop" is something that happened more often than I thought. -
The major reason why suicide traders don’t use stop loss
midtown replied to analyst75's topic in Trading Psychology
Please clarify, to blow stops means: you placed a stop, it was reached but it wasnt executed so price continued against you? you had a stop in mind but failed to take action? -
I find it helpful to annotate the traverse. Then, by comparing the results of the sym-lateral which occurs at point 3 confirmation of tape 1, tape 2and tape 3 of the traverse, the difference is apparent.
-
Re: Spyder lateral drill Maybe oversimplified, but in the 3 cases of a lateral formed from a sym pennant, no matter from which direction price enters the formation, price changes direction inside and exits in the dominant direction.