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DISCLAIMER: That is paper buying and selling
All of the questions why I publish, why it's paper buying and selling and all that jazz have been answered in earlier posts. I do realise and know paper buying and selling means nothing and is incomparable to actual deal dwell buying and selling. I additionally realise there'll be a bunch of individuals with an urge to nonetheless level this out. Be my visitor.
As we speak was an excellent day for me as I managed to position three trades whereas in work (premarket NYSE time) netting +$1904 so the buying and selling throughout the precise NYSE buying and selling hours have been flowing fairly properly with form of psychological ease and felt sort of "within the zone". 🙂 Additionally, right now was the day that in keeping with my cash administration technique I scaled as much as 2 contracts of NQ, which is what I traded within the video as nicely.
The commerce within the video:
Entry: Based mostly on my charts (30s, 3m [in the video] and 5m), I concluded {that a} downtrend motion was established, SMMA 50 was handed and I waited for EMA 200 to verify my entry. I entered Promote 2 @13985.75.
The commerce: I set the take revenue at what was a assist, one of many earlier lows of the day and was (extra because of accident I consider) additionally within the space of SMMA 50 on 3m chart. I set the cease loss at my arbitrary -10 factors (i.e. -$400), and because of my technique and threat administration pushed it all the way down to +1 tick beneath my entry as quickly as potential, making a free commerce. Nonetheless, there was a momentary pullback and I made a decision to push it again on the stage of EMMA 200, as I believed on this downtrend momentum and at that time I used to be prepared to lose about $200 on this set-up. After the commerce continued going my approach, but once more I created a "free commerce", this time with closing choice as a result of if there had been one other pullback/reversal to the realm of my entry, I wasn't prepared to lose any cash on this set-up anymore.
Exit: The commerce continued going my approach till my take revenue was hit at Purchase 2 @13966.25. The take revenue exit choice was a very good one for my part, taking a look at it retrospectively with genius of hindsight.
Period: 1m43s P/L: 19.5 factors (+$780)
Within the following uptrend momentum, I set a commerce with a TP to probably make +$1520 however ended up stopped out throughout a pullback when my handbook trailing cease was hit at +$420. My unique goal that may end in talked about +$1520 was hit about 3 minutes later. Rattling you, 30s chart and that may be The Remorse of the Day. 🙂
How have been you doing right now?
submitted by /u/TaediumVitae27 [comments]
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