[wouwou]

Originally Posted by Ulic Qel-Droma

no it was too predictable, everything on the 5minute chart was down down.

yes i shorted, but after super sharp drops, i usually put a close stop and a rally back to the 20 or 40 day average line occurs.

of course this is ultra dangerous cuz you're totally trading against the trend.

i took that risk, once too many times. if i just stuck with the shorts... i would be up a lot.

too many fake outs, it goes a little up then stopped me out only to piss me off and actually rally back up after a few bars, but of course i was too emotional to enter again.

ah whatever. i learnt the hard way, i played against the trend too much and it fucking bit me in the ass today.

the trend is your friend!

yeah, sometimes i get too caught up and make newb mistakes still, its okay im a newb.

gotta wait for bars to close to confirm, and sometimes my stops are way too far, the risk is way too huge to be worth it.

also i get out way too early. sometimes on the first sign of weakness i exit right away, even if its with the trend. stupid me, i always miss out on GIANT money cuz of that. i gotta learn to lower my stops to reasonable areas, OR exit and learn to reenter.

bah. its okay, next week is a new game.

if i have time ill post charts up, fucking retarded, today was bad. ugh.

redliine: yeah im going to armin. i trade with rosenthalcollinsgroup.com


does anyone else day trade here? or are you all position traders?

i can't fucking hold on to a position overnight, i'll be fucking glued to the screen, don't have that kinda discipline to go to bed knowing i could be losing money as i sleep. plus on a margin account, the risk is way too fucking huge on the daily charts for a newb like me.

the feeling of "getting out too early" is every trader's ultimate demon.

Let it go and dont double up on the next trading day.