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03-04-2023, 02:35 PM
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#16
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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Quote:
Originally Posted by PaceAdvantage
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...
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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.
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03-05-2023, 06:36 PM
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#17
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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...
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03-05-2023, 07:12 PM
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#18
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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.
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03-05-2023, 10:14 PM
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#19
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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
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03-05-2023, 10:15 PM
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#20
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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.
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03-05-2023, 10:30 PM
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#21
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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
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03-06-2023, 11:38 AM
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#22
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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
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03-08-2023, 08:45 AM
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#23
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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
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03-08-2023, 08:49 AM
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#24
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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order was just filled so...
LONG RTY @ 1884.60
STOP @ 1878.70
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03-08-2023, 09:34 AM
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#25
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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Quote:
Originally Posted by PaceAdvantage
order was just filled so...
LONG RTY @ 1884.60
STOP @ 1878.70
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Stopped out @ 1878.50 (two ticks of slippage)
Profit = -6.10pts
Record = 1 for 3 | +5.70pts | +$285.00 per contract
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03-09-2023, 07:48 PM
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#26
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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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
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03-09-2023, 11:36 PM
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#27
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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SHORT RTY @ 1810.80
STOP @ 1815.20
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03-09-2023, 11:54 PM
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#28
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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Quote:
Originally Posted by PaceAdvantage
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
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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)
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03-10-2023, 08:22 AM
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#29
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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Quote:
Originally Posted by PaceAdvantage
SHORT RTY @ 1810.80
STOP @ 1815.20
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Stopped out @ 1815.20
P/L = -4.40pts
Record = 1 for 4 | +1.30pts | +$65.00 per contract
Last edited by PaceAdvantage; 03-10-2023 at 08:23 AM.
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03-10-2023, 08:30 AM
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#30
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,543
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SHORT RTY @ 1824.30
STOP @ 1836.10
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