Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Closed Thread
 
Thread Tools Rate Thread
Old 03-04-2023, 02:35 PM   #16
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Quote:
Originally Posted by PaceAdvantage View Post
Not ideal...but going to have to get out of this trade earlier then planned...won't be in front of my screen for the next hour...and don't think holding over the weekend is a great idea given the propensity for this market to turn on a dime lately...
So here's the deal.

According to this thread's method, I should have held over the weekend. So once again, I'm already breaking the rules in a thread where I said I was going to follow the rules 100%.

So depending on where the market opens up on Sunday evening, I might get back into my last trade at around the price I exited on Friday (1930.70).

If that's the case, then it will still count as one trade (not two).

I let fear get the best of me on Friday. Holding over multiple days when the method says to keep holding is how you get those 90 point profitable trades.

Psychologically, it's much easier to hold over multiple days during the week since the market only goes dark for 1 hour each evening during the week.
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-05-2023, 06:36 PM   #17
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Market gapped down a bit on the open...I have an order to buy at 1930.70 in case it starts to go back up...
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-05-2023, 07:12 PM   #18
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
OK, I've cancelled my order. My indicators are telling me, even if I was still in this trade, I'm likely exiting in a few hours anyway...so...no reason to try and get back in, even if the market starts going up.
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-05-2023, 10:14 PM   #19
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Looks like I should have kept that order in...lol

up over 5 more points at the moment if I had...and would have gotten out soon
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-05-2023, 10:15 PM   #20
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
See how many ways there are to screw up when it comes to trading.

That's why you must have a plan and must follow it exactly.

Why I can preach this and not follow it remains to be seen.
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-05-2023, 10:30 PM   #21
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Just to put a bow on this...had I allowed my order to remain and gotten filled at 1930.70, I would have exited just now at 1935.3, which would have been another 4.60 points of profit, or $230.

But alas, I still continue to sabotage myself...lol
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-06-2023, 11:38 AM   #22
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
I revised the original post in this thread, but putting this here also just to cover my bases:

THIS THREAD IS FOR EDUCATIONAL PURPOSES ONLY - NOTHING IN THIS THREAD SHOULD BE TAKEN AS A RECOMMENDATION TO BUY OR SELL ANY FUTURES CONTRACT - I AM NOT A PROFESSIONAL - PLEASE CONSULT AltonKelsey IF YOU REALLY WANT TO KNOW HOW TO TRADE
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-08-2023, 08:45 AM   #23
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Woke up late and had a buy signal....so currently I have an order out there to go long @ 1884.60

I'll post again when/if it gets filled
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-08-2023, 08:49 AM   #24
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
order was just filled so...

LONG RTY @ 1884.60
STOP @ 1878.70
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-08-2023, 09:34 AM   #25
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Quote:
Originally Posted by PaceAdvantage View Post
order was just filled so...

LONG RTY @ 1884.60
STOP @ 1878.70
Stopped out @ 1878.50 (two ticks of slippage)

Profit = -6.10pts

Record = 1 for 3 | +5.70pts | +$285.00 per contract
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-09-2023, 07:48 PM   #26
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Currently have an order in to short @ 1824.30

I should have had this order in three hours ago...but I am not very good

If this doesn't get filled, I will probably look for another, less desirable entry point
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-09-2023, 11:36 PM   #27
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
SHORT RTY @ 1810.80
STOP @ 1815.20
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-09-2023, 11:54 PM   #28
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Quote:
Originally Posted by PaceAdvantage View Post
Currently have an order in to short @ 1824.30

I should have had this order in three hours ago...but I am not very good

If this doesn't get filled, I will probably look for another, less desirable entry point
As you can see, this order never got filled...so I went with plan B, which was reply #27 (which is actually the method's usual entry point...I was trying to get clever)
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Old 03-10-2023, 08:22 AM   #29
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
Quote:
Originally Posted by PaceAdvantage View Post
SHORT RTY @ 1810.80
STOP @ 1815.20
Stopped out @ 1815.20

P/L = -4.40pts

Record = 1 for 4 | +1.30pts | +$65.00 per contract
__________________
@paceadvantage | Support the site and become a today!

Last edited by PaceAdvantage; 03-10-2023 at 08:23 AM.
PaceAdvantage is online now  
Old 03-10-2023, 08:30 AM   #30
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,180
SHORT RTY @ 1824.30
STOP @ 1836.10
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now  
Closed Thread




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 08:41 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.