hahahah the most important person to trust is no one other then yourself.In the worst case you can only (blame) yourself if it goes wrong and not anyone else hehehe.If something isnt working right then STOP what your doing right now sit back and think about why and what happened to change your winning trades to losing ones.There is no such thing as a holy grail or predictions or sure wins.What works for you might not work for someone else but one things for sure is that if it works for you and its earning money then by all means DONT STOP hahahahah
Hey, you just told my life story here LOL
I agree with you, everytime I listen to my inner self, I am a winner, but mostly I end up loosing when I get influenced, so I know what you are saying, listen to all but do like your self right?
hahah true but we will never know what insiders do unless we are one of them or they get caught hahahaha.To prevent (take note) im talking about prevention instead of playing counter trend is cause the way the market is right now going against the crowd is considered suicide one would be better taking the money to the casino.Stop lost is something i learned the hard way which looking back is the hardest pill to swallow but it can save your account. One more important lessons is to never fight the market cause just think about it (how much money can you use to fight it ??) it can easily put up 1000X your amount to wipe you out.Cramer said on mad money which is kind of true ( TRADE WHAT YOU SEE ) everyone whos been trading will at one point of time become obsessed with either finding the holy grail of indicators or trying to predict where it will go in 5 mins 10 mins or 1 day from now.Slowly as we fall into that trap we find our self doubting and wondering what happened when it didnt work out the way we saw it playing out.Honestly when i came here a few months back and after going to hot options jumping here and there i have noticed one thing in common.
Everyone is unsure either about their trading style or the market or something and we all try to search for the one answer that either (suits) us the best or the answer that we (want) to listen to.I took a couple of days off to get really back to basics and i banned myself from going anywhere to listen to how others view the market and reviewed my own system inside and out.During those days i strictly followed my own rules and the results surprised me. Dont get me wrong im not trying to say dont listen to anyone or stop coming here or whatever.Its just that i have learnt the hard way that by putting more information into your head it only ends up confusing you even more.The faster a trader comes to terms with win lose rations and money management the easier one finds trading.You know for a fact i was on a mission to find every single thing and piece things together and conclusion to that was total failure.
I looked at news and reports and charts and so on day in and out.I ended up with 80% lost ratio due to that.Even when i called the market and it ended up going in that direction i was watching on the sidelines as that happened cause i was (too fearful) to trade.The point im trying to make is we DONT know and we will NEVER know what insiders are doing cause we are NOT insiders.With our tiny accounts we can only hope to take sips out of the market to give us a decent living and run with a profit.So for now im going to take sips and build my account up to something sizable before even thinking about counter trends or what insiders are doing.If anyones account here ranges in the millions trust me you wont need to know cause you ARE an insider hahahahhahahaha then if you want to give us tips please do so.
I thought the same, yesterday after the drop I sense there will be a recovery, but didn’t get the courage to stay overnight and I missed … but in the morning the up seemed all it will be and I tried going short again, but now I am scared, they are doing a good job in confusing the hell out of everyone, so I am out, this time with loss, but it seem wiser to stay out till there is a clear way up or down
Nice spike down to 119.51 spy… could be today’s target or Friday’s?
hahahah the most important person to trust is no one other then yourself.In the worst case you can only (blame) yourself if it goes wrong and not anyone else hehehe.If something isnt working right then STOP what your doing right now sit back and think about why and what happened to change your winning trades to losing ones.There is no such thing as a holy grail or predictions or sure wins.What works for you might not work for someone else but one things for sure is that if it works for you and its earning money then by all means DONT STOP hahahahah
Hey, you just told my life story here LOL
I agree with you, everytime I listen to my inner self, I am a winner, but mostly I end up loosing when I get influenced, so I know what you are saying, listen to all but do like your self right?
hahah true but we will never know what insiders do unless we are one of them or they get caught hahahaha.To prevent (take note) im talking about prevention instead of playing counter trend is cause the way the market is right now going against the crowd is considered suicide one would be better taking the money to the casino.Stop lost is something i learned the hard way which looking back is the hardest pill to swallow but it can save your account. One more important lessons is to never fight the market cause just think about it (how much money can you use to fight it ??) it can easily put up 1000X your amount to wipe you out.Cramer said on mad money which is kind of true ( TRADE WHAT YOU SEE ) everyone whos been trading will at one point of time become obsessed with either finding the holy grail of indicators or trying to predict where it will go in 5 mins 10 mins or 1 day from now.Slowly as we fall into that trap we find our self doubting and wondering what happened when it didnt work out the way we saw it playing out.Honestly when i came here a few months back and after going to hot options jumping here and there i have noticed one thing in common.
Everyone is unsure either about their trading style or the market or something and we all try to search for the one answer that either (suits) us the best or the answer that we (want) to listen to.I took a couple of days off to get really back to basics and i banned myself from going anywhere to listen to how others view the market and reviewed my own system inside and out.During those days i strictly followed my own rules and the results surprised me. Dont get me wrong im not trying to say dont listen to anyone or stop coming here or whatever.Its just that i have learnt the hard way that by putting more information into your head it only ends up confusing you even more.The faster a trader comes to terms with win lose rations and money management the easier one finds trading.You know for a fact i was on a mission to find every single thing and piece things together and conclusion to that was total failure.
I looked at news and reports and charts and so on day in and out.I ended up with 80% lost ratio due to that.Even when i called the market and it ended up going in that direction i was watching on the sidelines as that happened cause i was (too fearful) to trade.The point im trying to make is we DONT know and we will NEVER know what insiders are doing cause we are NOT insiders.With our tiny accounts we can only hope to take sips out of the market to give us a decent living and run with a profit.So for now im going to take sips and build my account up to something sizable before even thinking about counter trends or what insiders are doing.If anyones account here ranges in the millions trust me you wont need to know cause you ARE an insider hahahahhahahaha then if you want to give us tips please do so.
Yes leo
It looks like a right angled descending broadening wedge
That’s leaves a big drop below! Could that triangle also be like a broadening wedge pattern?
SPY Chart
http://niftychartsandpatterns.blogspot.com/2010/11/spy-chart-with-resistance-level.html
I thought the same, yesterday after the drop I sense there will be a recovery, but didn’t get the courage to stay overnight and I missed … but in the morning the up seemed all it will be and I tried going short again, but now I am scared, they are doing a good job in confusing the hell out of everyone, so I am out, this time with loss, but it seem wiser to stay out till there is a clear way up or down
It is usually a “contrarian” indicator, but what if this time it was insiders buying puts? Maybe they know something we don’t?
hahahah its the holiday mood red throw reason out the window