tag:blogger.com,1999:blog-7294296041883029217.post924372991760225334..comments2023-10-01T03:44:27.443-06:00Comments on Prepare to be Wrong: The Life of a TradeSolfesthttp://www.blogger.com/profile/12600177979199165880noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7294296041883029217.post-80234945341134772362009-11-13T11:24:00.652-07:002009-11-13T11:24:00.652-07:00I agree, the latter is far more dangerous.
A coup...I agree, the latter is far more dangerous.<br /><br />A couple of revenge trades that turn around a losing day and wham I'm trading everything that moves trying to make the market give me money.<br /><br />Of course in the long run those revenge trades wind up costing me more money.<br /><br />I think I have a "mantra" :) around this.<br /><br />I cannot make the market give me more money, I can only limit the losses.Solfesthttps://www.blogger.com/profile/12600177979199165880noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-21804094826915387742009-11-13T10:54:39.330-07:002009-11-13T10:54:39.330-07:00Interesting post :) very apt for the situation I f...Interesting post :) very apt for the situation I found myself in this week. <br /><br />What gets me the most is when you do the right thing and get the wrong result or, when you do the wrong thing and get the right result. <br /><br />The latter is, IMO, far more dangerous...James Edwards-Marchehttps://www.blogger.com/profile/08729606707965946825noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-7190308595737261352009-11-12T16:49:31.468-07:002009-11-12T16:49:31.468-07:00Here’s another way to look at the life of this tra...Here’s another way to look at the life of this trade.<br /><br />Once upon a time.<br /><br />Our trade starts out as an infant and grows rapidly (initial blue bars) with its proud Father looking on.<br /><br />Then our young trade moves into its awkward teen age years (yellow bars) where it becomes moody and direction less.<br /><br />But soon our trade finds its stride and as it moves into its <br />20s, then 30s, and 40s (MFE) until it finally hits its 50s where it promptly has a mid life crisis and reverts back to its 20's in a hurry.<br /><br />Our trade then buys a convertible, marries a trophy wife, (I've now decided the trade is male) and spends $12,000 trying to grow hair on its shiny head.<br /><br />The End.Solfesthttps://www.blogger.com/profile/12600177979199165880noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-57994273159581281082009-11-12T15:58:26.939-07:002009-11-12T15:58:26.939-07:00I loved the story!
Can't wait until you get p...I loved the story!<br /><br />Can't wait until you get published by the WSJ or National Geographic: "I am Solfest's day trade," a la Fight Club. =)ANONhttps://www.blogger.com/profile/12926577383740823249noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-10400793294922530362009-11-12T13:47:38.636-07:002009-11-12T13:47:38.636-07:00I'm glad that I'm not the only nut out the...I'm glad that I'm not the only nut out there! LOL<br /><br />I had a similar experience on my 2nd trade today. I could actually see the support holding at +8-9 ticks. "They" kept pounding it over and over. If it had broke it would have been a big winner. But it didn't and I'd exhausted my mental energy. Out at b/e when it turned back up from support.<br /><br />The quick runners are the best. I love the quick runners. :-)TimChttps://www.blogger.com/profile/14813458476750232327noreply@blogger.com