Are you betting on 1) a trend reversal instead of a trend
continuation, 2) trading for safety instead of trading for a
profit, 3) reversals at obvious places? Those 3 factors would
contribute to losing trades, I've done that myself. If you do only
momentum plays, you should be getting more wins than losses. The
problem with defining a trend is that initially it is seen as the
opposite of it really is (remember the wave {2} of 3 call), and for
a while it's seen as "not sure". When you are sure, it's the trend,
it's pretty close for a reversal.
Posted by skiesblue on 5th of Mar 2010 at 03:12 pm
I just closed all my short positions for losses again. I thought
this site would help, i guess i just can't trade.Another 240 for
subscriptoin also down the drain.
Title: to tilwilson on common
Anybody care to make 95%+ wins?
Posted by junkie on 5th of Mar 2010 at 02:33 pm
Are you betting on 1) a trend reversal instead of a trend continuation, 2) trading for safety instead of trading for a profit, 3) reversals at obvious places? Those 3 factors would contribute to losing trades, I've done that myself. If you do only momentum plays, you should be getting more wins than losses. The problem with defining a trend is that initially it is seen as the opposite of it really is (remember the wave {2} of 3 call), and for a while it's seen as "not sure". When you are sure, it's the trend, it's pretty close for a reversal.
disaster
Posted by skiesblue on 5th of Mar 2010 at 03:12 pm
I just closed all my short positions for losses again. I thought this site would help, i guess i just can't trade.Another 240 for subscriptoin also down the drain.
One gets the feeling that
Posted by pebs on 5th of Mar 2010 at 03:26 pm
One gets the feeling that bears are capitulating today, which can only mean a top is around the corner............