Starting it off.
Cable hit 1.2220 area on Friday, so I am expecting some move to the upside, but will post any areas tomorrow, after the market reopens.
RA
rat89
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Posts: 7,015
they pushed gld a little lower and printed a perfect .886 retest on the miners, gdx and abx
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
Discipline, consitency, managing your emotions and patience are key to success in this business. The latter one is especially important during slow market action and when you wait for a long time until set-up meeting requirements of your trading plan emerges.
In case of open position management, unless you are a scalper, the best thought ever comes from 'Reminescences of a stock operator' ;
It never was my thinking that made the big money for me. It always was my sitting
Just a thought.
In case of open position management, unless you are a scalper, the best thought ever comes from 'Reminescences of a stock operator' ;
It never was my thinking that made the big money for me. It always was my sitting
Just a thought.
Originally posted by albert
I am still paper trading. This morning I made a little bit, not enough to cover commissions, on BBG. I like the 50X200 and support and price reversal at the 200. I think I have about 1% more patience than I had a month ago, and I got out too soon.
Al
AL
albert
Rep: 99
Posts: 3,094
Thanks, Marcin for those true words. The 'Reminescences of a stock operator' quote is one that I reflect on often. I do think of myself as a scalper.
Al : )
Al : )
Originally posted by MarcinO
Discipline, consitency, managing your emotions and patience are key to success in this business. The latter one is especially important during slow market action and when you wait for a long time until set-up meeting requirements of your trading plan emerges.
In case of open position management, unless you are a scalper, the best thought ever comes from 'Reminescences of a stock operator' ;
It never was my thinking that made the big money for me. It always was my sitting
Just a thought.
Originally posted by albert
I am still paper trading. This morning I made a little bit, not enough to cover commissions, on BBG. I like the 50X200 and support and price reversal at the 200. I think I have about 1% more patience than I had a month ago, and I got out too soon.
Al
RA
rat89
Rep: 0
Posts: 7,015
good quote
Originally posted by MarcinO
Discipline, consitency, managing your emotions and patience are key to success in this business. The latter one is especially important during slow market action and when you wait for a long time until set-up meeting requirements of your trading plan emerges.
In case of open position management, unless you are a scalper, the best thought ever comes from 'Reminescences of a stock operator' ;
It never was my thinking that made the big money for me. It always was my sitting
Just a thought.
Originally posted by albert
I am still paper trading. This morning I made a little bit, not enough to cover commissions, on BBG. I like the 50X200 and support and price reversal at the 200. I think I have about 1% more patience than I had a month ago, and I got out too soon.
Al
AL
albert
Rep: 99
Posts: 3,094
Yahoo. I got one! AVAV had a roofer's "Beauty and Simplicity" setup this morning and I caught some of it. I am not very nimble and I am glad that price dropped down past the ML! : )
Al
Click image for original size
Al