Received 1 Karma
XRenegadeX
1
XRenegadeX Jul 27, 16 11:03 AM

Ben, what I have found is that I have to be willing to cut losses quickly. If I don't, I end up losing huge. This also seems to negate any gains I've made as well. While it may be frustrating, it can be a learning experience in losing stubbornness or even migrating to a set mentality. Stick to your strategy and make sure you have a plan for each trade. :)

RS6000
1
RS6000 Jul 27, 16 2:07 PM

I'm right there with you Ben... I have been studying longer than you have and I haven't made any good trades. I feel like I'm never prepared enough to start. I'm not sure what I'm missing either but it hasn't "Clicked" yet for me. I wanted to get a study group together in my home town but it hasn't been successful. I feel like bouncing ideas off other people in person would help tremendously (for me at least). Good luck and keep at it.

andywilliams
1
andywilliams Jul 27, 16 2:26 PM

Do you keep a trade journal? It helps to write each trade out with the reasons for your gains and losses. This way you can try not to repeat the mistakes. I have had the same struggles but the more I write my mistakes and review them the more I feel confident in myself to make the right decision next time.

OceanRider
1
OceanRider Jul 27, 16 3:07 PM

Not sure if this helps, try taking a look at Bollinger Bands 10, 1.5. It might help on your timing. Spend time looking at these. Notice how big moves, it takes a while for the lower band to catch up? Also, look at the midpoint line along the way. If you see a big move in a certain way on a daily chart, check out the same symbol on the 2 hour, 1 hour and 30 min chart. Always watch for the opposite side of the band when the moves are over. Hope this helps.

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bishopbulltrader

@cajuncanuck Hey I watched the Live Webinar that Tim Sykes put on and noticed you were the only one from San Antonio. I figured since we both live in the same city we could help each other. Peer groups can be what brings us down or lifts us up. Let me know what you think, that way we can get to know each other?

RS6000
RS6000 Jul 18, 16 7:52 PM

North West area.... I work near huebner and I-10.. i dont have much trading experience but I guess that's why most of us are here lol. I wouldn't mind meeting up either. How long have you two been on Profitly?

cajuncanuck
1
cajuncanuck Jul 18, 16 8:30 PM

@RS6000 yeah I'm kind of in that area. I've been in the challenge for about a month and a half now.

bishopbulltrader
bishopbulltrader Sep 23, 16 12:30 AM

I didn't see this message. I live off Calebra and 1604. We should all get together at some point. I have an office space that we can use to collaborate. Let me know what you both think?

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