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Riaan, where's your stop

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Valued Contributor
??
yesterday you said short 400-450, what's the stop ??
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17 REPLIES 17
Not applicable
Short is Simon that was yesterday and I day trade, trade was taken at 370 resistance and profit at 270...today is another day....my traget for day made...looking for short today between 600 and 550.
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Valued Contributor
OK, so there's a question you haven't answered before, you don't hold over night .. an so you entered below your 400-450 entry ??
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Not applicable
Yes based on 5 min engulfing and resistance level going back 4 days. I have a longer term as well as day trading account, I am speaking about the day trading account.
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Valued Contributor
where/how do you place stops ?? trailing, fixed, support/resistance ??
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Kbee
Contributor
Well that's still a bad trade. You lack discipline. How do you enter below your intended entry range? What's the reasoning behind that?
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Regular Contributor
Maybe because it never got to 30400?
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Kbee
Contributor
That's precisely the point. That trade shouldn't have happen (that's if he took that position in the first place).
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Super Contributor
Riaan, are you still in the short trade or looking for re-entry?
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Not applicable
His gone to go get the 2 ply ... you know those with the doggies on them !
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Super Contributor
hey hennie - hold on to those 2 ply - you might need it tomorrow.
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Super Contributor
and Riaan did it again....did not tell us where his stop is for today.Or if he went short at 600-550. And if he will re-enter the short and where the re-entry is and what the stop on the re-entry will be?
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Highlighted
Super Contributor
All I know is I don't believe traders that are too good to be true till I sit next to them or see their MONTHLY statement. I have yet to find a trader that doesn't make mistakes even when they have a plan they screw up here and there trading is about 3 steps forward 2 back at the end of the month you 10 steps forward. I could say I bought 29500 and I'm still long. I have been bullish since then and gone long at places I thought were right guess what of the last 1000 points I've made 400 cause of gaps, getting out too early getting in a little late ect. So I am sceptical when somebody tells me what was possible , that doesn't count what does is what you did and how many ctx you did it with. That is especially true trading a 5 min chart. Sorry Riaan but ive traded in a forum where chartist was present I know his trading style seen it in action so to speak hence my cynical comments. Ain't buying that bridge.
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Super Contributor
Of course we all make mistakes and silly trades - what matter is how are you doing for the month - i have made lots of mistakes. Anyway this month I have +7 days -3days.
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Not applicable
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Super Contributor
Riaan, where's your stop
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Not applicable
RAMS wasnt this regarding the MAR contract....Old news this.
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Super Contributor
yeah, i know you still trading the march contract, but the question has never been answered. So for today where is the stop....its the only way to see if the trade is profitable and whether it was a good trade
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