CanOz
Home runs feel good, but base hits pay bills!
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One Good Trade
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Perhaps i should stick with equities...this is a 20% flipper trade. I'm supposed to exit tonight at market. Its up over 10% in pre-market and up nearly a buck since yesterday...
CanOz
I thought the exit was a 20% trailing stop? Is an index filter kicking in or something?
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Perhaps i should stick with equities
CanOz
top trade !
CanOz
Home runs feel good, but base hits pay bills!
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Right, makes more sense, Don't usually see a trend following system exit longs on highs
:
CanOz
Home runs feel good, but base hits pay bills!
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Right, makes more sense, Don't usually see a trend following system exit longs on highs
I just hope we don't 'flip' around that MA for weeks...
Not looking like a problem...For the Asian Markets today:
Today's plan involves waiting as the developing points of control take shape. I need to use my volume ladder more effectively as well. That would have kept me out of yesterdays downdraft, and shows the absorption much better than just using the DOM. I'll also use the Cumulative Delta to for divergence before i ever attempt to pick a low again too.
CanOz
skc
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Why not stick to something you know and (presumably) have a successful history? Or did you not do equities EOD full time before?
IMHO futures is the best instrument but it is also the most difficult. Equities is much easier.
Trembling Hand
Can be found on the bid
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Bounces from sweeps down have a certain pattern. Yesterdays never really setup correctly from that sweep to bounce. And in any case there is always a higher low to get on rather than getting what you think/hope will be the low tick.
My problem yesterday was I was in way before the sweep!! I literately dumped my whole position a fraction of a second after the hit. I actually thought I had fat fingered it and hit out with a 1000 lot.
CanOz
Home runs feel good, but base hits pay bills!
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I still trade Equities SKC, but I'm trading systematically. This gives me the time to learn to trade the Futs. I appreciate that advice to stick with what you know, its great for some people. I like to learn new things and this is one challenge that i just can't let go of...i hate giving up...
I have got capital reserved for equities, as well as a futures account. Two accounts on IB, separate capital. The equity system has over 80% of our capital.
CanOz
CanOz
Home runs feel good, but base hits pay bills!
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Bounces from sweeps down have a certain pattern. Yesterdays never really setup correctly from that sweep to bounce. And in any case there is always a higher low to get on rather than getting what you think/hope will be the low tick.
My problem yesterday was I was in way before the sweep!! I literately dumped my whole position a fraction of a second after the hit. I actually thought I had fat fingered it and hit out with a 1000 lot.
Yup, thats the ticket for me...add another rule...Kospi just put in a nice higher low actually, but whats the sense trading that 3 minutes before the HSI opens???
CanOz
Trembling Hand
Can be found on the bid
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but whats the sense trading that 3 minutes before the HSI opens???
CanOz
I always load up for the open, you mean others don't do that? :shoot:
CanOz
Home runs feel good, but base hits pay bills!
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LOL!, that's why you're a prop trader and I'm just fish flapping on the shore!!
Got some nice value areas forming now...
CanOz
skc
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All good. I just got the wrong impression that you are giving up something that's working while framing yourself a deadline to make something new work straight away. The pressure to trade profitably is best handled when you don't need to trade profitably (to put food on the table etc).
CanOz
Home runs feel good, but base hits pay bills!
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Oh for sure, yeah great point. We're having no problem putting food on the table...especially with that new Tesco on the other side of the lake
.We have no mortgage, no car loan. Our total monthly expenses are about 5000 rmb per month on average and we've have a ton of savings...very lucky. Well actually it was allot of hard bloody work for 7 years...
CanOz
Damn I pay that in rent.
prawn_86
Mod: Call me Dendrobranchiata
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I pay double that (10k RMB) in rent per month
Aus is so expensive in comparative terms to most countries
skc
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Oh for sure, yeah great point. We're having no problem putting food on the table...especially with that new Tesco on the other side of the lake
We have no mortgage, no car loan. Our total monthly expenses are about 5000 rmb per month on average and we've have a ton of savings...very lucky. Well actually it was allot of hard bloody work for 7 years...
CanOz
I pay that in brokerage most weeks... and you have a bloody Lake...
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Let's all move to China. We can create our own little ghetto and just speak English amongst ourselves!
CanOz
Home runs feel good, but base hits pay bills!
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