Australian (ASX) Stock Market Forum

Day Trading Futures

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nomore4s said:
I still don't understand why you limit yourself to 4 points when this trade immediately went in your favour and you could just have placed a stop at 4578 and still be in the trade with 10+ points.
Click to expand...

I'm a short term scalper, thats the way I trade- anything else is out of my comfort zone.
 
crown said:
Trader Boy

Hope your having a laugh mate.
Asian markets pushing up. You purportedly shorting spi all the way up. Thats awesome. Very perceptive in your trading:rolleyes:

Looking forward to your analysis and upcoming trades:headshake
Click to expand...


:roflmao:
 
Trader Girl said:
Good Morning all,
I decided to add a screen shot of my trades
as it seems to be an issue.
Click to expand...
Well done .....
grinning-smiley-045.gif
 
Trader Girl said:
I'm a short term scalper, thats the way I trade- anything else is out of my comfort zone.
Click to expand...

But you're not a short term scalper. A short term scalper doesn't hold a trade for over 20min while it goes 8+ points against them hoping it comes good in the end.

I really can't understand why you are willing to hold a losing trade for so long while it goes 8/9 points against you but you aren't willing to hold a winning trade for anymore then 4/5 points. This will eventually come back to bite you imo, you were lucky yesterday you could have very easily been 40+ points down.
 
nomore4s said:
But you're not a short term scalper. A short term scalper doesn't hold a trade for over 20min while it goes 8+ points against them hoping it comes good in the end.

I really can't understand why you are willing to hold a losing trade for so long while it goes 8/9 points against you but you aren't willing to hold a winning trade for anymore then 4/5 points. This will eventually come back to bite you imo, you were lucky yesterday you could have very easily been 40+ points down.
Click to expand...

Most of my losses are around 2-5 points,occasionally they are larger.
I get out with a loss not because I hope the market will come back in my favour
but when I feel I'm in the wrong way. I have found tight stops when trading the Spi ruin my P&L to point it does not show a profit.

Time will tell if you opinion is corrrect.

Thanks for sharing.
 
Ruby said:
TG, why did your broker close you out at -6 when you have previously stated your hard stop is -10?
Click to expand...

I didn't have time to even put in the stop.
I rang my broker on my mobile and he got me out right away
as I was unable to monitor the price action.
Always a good idea to exit a trade when the unexpected happens.
 
The June contract expires this morning....usual fun and games before it goes off the boards.

Trading now the Sept. contract.

Today i'll be looking to sell rallies and only buy dips if the markets gets way oversold.
 
nomore4s said:
Care to add any analysis/reasoning for this?
Click to expand...

Sure,

The market is clearly under pressure and has been for sometime now.
When that is the case I look for selling opp. and will only go long if the selling gets overdone.Selling intra day rallies works well when the overall picture is bearish.
It's very hard for me to explain exact entry levels as each trader has their own feel for the market but my rule is when the picture is bearish look to sell on rallies.
 
BTW, my avatar doesn't have to flash cash around like a chav that just stole someone's wallet, she just looks opulent... and can sing a little bit too. :D:p::p::p:
 

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