AbeSmith

Trade 9: -12.

Trad 8: -4.

Trade 7: +1.

Thanks Tin. The declining volume on the price decrease shows that it is a weakening decrease. And then the doji following that has significantly higher volume signaling a change in momentum. The next candle is a red candle though but the volume is comparable to the low red candle volumes before the doji. Then we get a green candle with twice as high volume as he previous red candle, signaling that there is a going to be a move to the upside. You're right. That would have been an excellent entry. I read about this type of volume analysis but haven't used them in my trading. Looks like I need to pay more attention to it. Thanks.

Trade 6: +16.

Thanks Tin, but I don't see any notes.

Thanks Nvesta81. Sorry I didn't see your post earlier. The pivots from tradesignals.com is different from the Sierra Chart pivots on my screen. Not sure why that is.

Trade 5: +12.

Trade 3: -2. Trade 4: -18.

Good to know Paul. Thanks.

Trade 2: +2.

Trade 1: -10.

Hello. The Dow is up in premarket so far. Good luck.

Yes Tin. I do have a drawdown rule. It is 2% of my account balance. So if I start out with 10K it will be $200, which probably when I start trading for real it will be with 10K. But today I broke that rule because I'm paper trading so I wanted to get some training. But I think I should follow the rule from now on to make the paper trading more like real trading.

My trading summary for today: 10 roundtrips. -50. Realized paper loss of $292.60.

Trade 10: -1.

Thanks guys. This is solid advice.

Yes Cooter. The lesson is to always place stop automatic with entry. Always play it safe.

Trade 9: +8. Premature exit. Again, I think I would not have exited completely had I had more than one contract. Probably would have exited 1 contract and set stop to break even.

Trade 8: -11.

Trade 7: +10.

You're right. But when I entered the trade it wasn't a red hammer like that. It took a sharp drop, which seemed to me like it was going to drop big, so I quickly shorted. Was a bit impulsive.

Trade 6: -19. Internet went out and stop did not go through. Had to exit with market order after reconnecting to internet.

Trade 5: -12.

Thanks Tin. I know you're not trying to be an ass. Thanks for the advice. To answer your question, I probably would not have made the trade had I not been watching CNBC.