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Thread: Gaming Rig Trading

  1. #31
    Not overly pleased with the exit. I got spooked by the powerful alteration after a breakout to the downside.

    I look at the chart again (20/20 hindsight) 4150 would've been my ideal exit.

    I do not mind losses once I follow my egy, but if emotion induced me to shed or to profit out too early, I'm very dissapointed.




  2. #32


    Withdrew $200 minus fees for massage and dinner with your spouse.

    Last month, I will be bold and say I will try to make 100% return from 4/4-4/30

    somewhat daring, but setting a high goal keeps me focused.

    I can taste that gambling rig...

  3. #33
    EXTREMELY lucky. . .well not very

    So I went into the euro session using a short prejudice. Typical go with the trend installation. Then I decided to go long cause I found 2 identical lows on the hourly. I've always seen this to be reversal, although this was never my portion of the plan. But I decided to proceed with this anyhow.

    Closed my short and went long. Got stopped out. And today I am thinking fck! , what an idiot. Now be a good trader and proceed short like you're supposed to now. Wham! Another struck.

    Now, I was a'little' ticked off. BUT my prejudice was short. THe price action did not convince me bulls were ready to push higher, so I shorted again. Came news moment and I was sweatin...

    Came to function and price dived and I shut for small profit. Learned a thing or two today.




  4. #34
    Only wanted to say this thread is job! Keep this up.

  5. #35
    Pathetic buttocks price action.

    Waiting for euro session to maneuver was waiting for paint to dry. So closed it for loss.

    Then came US session and was waiting for some kind of retracement and price explosion. But could get the price I want. Fck it, I'm done for the week.


  6. #36
    Monday:

    I went long but after couple of hours of non-movement, I had a feeling my longs was likely to be stopped, but I figured what the hell, hoping for some bull thrust.

    I have stopped out. For never paying attention This was my move.

    I wished to resume trading the US session but net at work was conveniently down for half the day. Freakin monday.

    Tuesday:
    I went long on new trend setup. Worked out great. But I have this plogical disease that make me fear of losing profits following a reduction.

    Given any other day, I would have hold this transaction to 4475-4480. Today, but I just could not hold it. So ending today 20 pip short of my goal and also feeling like crap.


  7. #37
    Have you ever had that day at which it wiped out your gains. I guess today was my day.

    It began nicely enough with euro long.

    Then I was betting on retracement play going into US session. I know the overall trend was up but I wanted to be Mr. Cool and play with the retracement then jump on the trend after giving me double the fun. But mr. Market stated bitch, do not you ever try to fade ! (-$251) and took my first stop.

    Then I came to a decision point. Do I play with another retracement ? IT was such a pretty amount that I succumbed to it, although it wasn't my setup. Boom another kick in the buttocks (-$185).

    Subsequently price consolidated. Following two big stops,my mind was clouded. Took two longs that got stopped (-$294, -$161). The retracment was larger than life. NEver believed it'd retrace past 4375.

    My bias hasn't changed. Took another long shot with complete position. I then realized I was in a S/R zone therefore I unloaded a bit to get a complete position inside that range. My closing order never filled so I got half place when price retraced.

    So overall loss $-787 for your day, or $439 for the month. My equity swings is worst than the tsunami of Japan. But I'm getting a little desensitized by this. .

  8. #38
    Price action has been crazy lately. Sharp move on both sides. Have a look at the move of this week up to now. (I got killed on the first leg upward )



    But I'm learning how to get better to avoid being killed in this type of trading environment.




  9. #39
    You are a fantastic trader and over the last few months you have learned some requisite courses.

    In one of my trading egies, a channel is created and followed in trend-producing pairs like the EURUSD and USDJPY. For EURUSD, the transactions a trend-following system would have realized would all have been long between May of 2010 to the present moment. Target entrances are at service levels and stop-losses are always placed around past support levels or [local] channel breakouts, but always, always, always at 1 percent, even if that means using a smaller lot size.

    Every one of my transactions in each of my setups is hedged in a different pair and is a 1 percent bet with a partial exit at 2.5% the place; let the other half ride to 4 percent that the initial place. (at the point, of course, use price action followed by some favorable indiors to re-evaluate the place )

    Early on in this thread nearly all of your transactions appeared to be rather arbitrary. Later on you climbed to comprehend market make-up a tiny bit better. Had you embraced a trend following system following all charts in descending order, then by the time you added $1,800 for your acocunt, you'd have realized your initial 100% profit goal, albeit since you are willing to take on more risk than you personally. .

    I believe that you ought to read The New Market Wizards.

    I'm a lot like you, also... I trade around and throughout my day job. I simply set limitations for my losses (1%) and also my re-entrances (never add to a position before the original/previous commerce has already hit it's first 2.5% take profit stage. Also, like you, I trade little margin for smaller profits. My daily account contains $5,000. I withdraw at the end of each month to create it 5,000 again. Each and every trade comes with a maximum risk of $50. And I don't add to losing transactions. I usually come out ahead, even in shedding entire rankings (unless I'm only dead wrong).

    Right now though, the EURUSD, along with the USD index are at enormous technical and economical points in background... They might or might not be in tendencies, it is dependent on neglecting European countries, in addition to my own failing country... Personally, I think that the trend is still bullish since it's been bullish and has yet to even hit a long term 38.2% fib mark. Right now there ought to be tall needle candles showing up shortly after which a shorter term change (historically speaking)... then some thing ... but I won't speculate that far out.

    This is the first thread I have responded to since I like your detail (and I use OANDA also ) and I'm sorry I did not see it earlier.


    EDIT: Also, as you are using your investment to buy a gaming rig, which an awesome purpose and reason to trade, I believe I must mention that my day job happens to be building computers of different configurations (mostly gaming and servers tho), I believe I want to mention that you are going to overpay by a couple hundred dollars or more in case you get one from iBUYPOWER.com. Proceed to Newegg or even TigerDirect. Sorry, moderators, but I am in favor of competition and capitalism, after all

    Also, if you're planning to use this pc for trading (which I recommend), be sure to find a video card that supports 3 to 6 screens as more display property implies more market visibility. Also, all your local computer repair stores have used, beat up flatscreen monitors they are not exactly advertising... They go for about $40 to $50. (hint: get an AMD/ATI card with Eyefinity and play a few games/trades:--RRB-

    Alright I'm done. This isn't the right forum for technology talk.

  10. #40
    Quote Originally Posted by ;
    You are a fantastic trader and over the last few months you've discovered some requisite courses.

    In one of my trading systems, a channel is created and followed in trend-producing pairs such as the EURUSD and USDJPY. For EURUSD, the trades that a trend-following system would have realized would have been between May of 2010 into the current moment. Target entrances are at service levels and stop-losses are always placed around previous support levels or [local] channel breakouts, but always, always, always at 1 percent, even if that means using a smaller lot...
    Dude thanks for the recommendation! I will look into that.


    So far as trading goes, lot of shit happened. Lost some and gained a few more (with help of one deposit to make the most of a enormous short opportunity - I am certain you eurusd traders know what I am talking about). At this point, I suppose I finished my journal objective.

    Yet another thing that I discovered is that I'm not a blogger (keeping public journal). I admire some men that can do so day in and day out, but man it takes a lot of courage to share a lot of your ups and downs in trading.

    At this point, I am done with the journal and currently waiting around till memorial day sale to receive my pc!! . I may come back and do a second journal. I am eye'ing the Ipad 2 .

    Just for fun,
    Last trade:



    Account balance:


    JOURNAL COMPLETE!!

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