I remember you saying in newsletters it was o/k to hedge and
that is what I did . i am not as quick with the trigger as you and
Matt. I am net long as per you advice since bounce started.
sorry for all this but as subscriber just asking your opinion
that's what makes trading not tough, what helps is experience
and of course having your plan laid out vs willy nilly going about
it every day reacting emotionally to it. If you are playing
the short term setups, it should not matter what the market is
doing here. If you are trying to hold market ETF's for major
moves, then your plan would be different. Lots of ways to
skin this cat, Steve's tutorial method gave a nice long trigger
basically one day off the lows and would have kept you in long
almost the whole way up. Could you have hedged sure, could
you not have, sure, either way is fine. That wave B thing,
was a viable option near the lows, and a good way up. I know
guys who also hold something based on the BPT MA Deluxe as well
here's a link to the 2 recorded tutorials we have, I suggest
taking the weekend and watching these, watch several times. One of
them is 5 1/2 hrs long, so you will need to dedicate the time!
Also I suggest marking up charts in real time while you watch
it. Also you will need a big monitor. Again don't beat
yourself up if you were short a few things near resistance, some
areas were fine to take a shot at. The markets generally
don't move like this either, take a deep breath, get a plan, watch
those tutorials, and get a game plan going forward
Also here's a 25 min video I made last January which shows
how to Trade ES futures on a 15 min time frame using these tutorial
concepts. I've since refined this more but will give you an
idea, can use those concepts on any time frame,
hedge against longs
Posted by rockee on 31st of Oct 2014 at 11:43 am
I remember you saying in newsletters it was o/k to hedge and that is what I did . i am not as quick with the trigger as you and Matt. I am net long as per you advice since bounce started. sorry for all this but as subscriber just asking your opinion
that's what makes trading not
Posted by matt on 31st of Oct 2014 at 11:53 am
that's what makes trading not tough, what helps is experience and of course having your plan laid out vs willy nilly going about it every day reacting emotionally to it. If you are playing the short term setups, it should not matter what the market is doing here. If you are trying to hold market ETF's for major moves, then your plan would be different. Lots of ways to skin this cat, Steve's tutorial method gave a nice long trigger basically one day off the lows and would have kept you in long almost the whole way up. Could you have hedged sure, could you not have, sure, either way is fine. That wave B thing, was a viable option near the lows, and a good way up. I know guys who also hold something based on the BPT MA Deluxe as well
here's a link to the 2 recorded tutorials we have, I suggest taking the weekend and watching these, watch several times. One of them is 5 1/2 hrs long, so you will need to dedicate the time! Also I suggest marking up charts in real time while you watch it. Also you will need a big monitor. Again don't beat yourself up if you were short a few things near resistance, some areas were fine to take a shot at. The markets generally don't move like this either, take a deep breath, get a plan, watch those tutorials, and get a game plan going forward
CLICK HERE for the Tutorials
Also here's a 25 min
Posted by matt on 31st of Oct 2014 at 11:55 am
Matt - that appears to
Posted by varmercur on 31st of Oct 2014 at 11:57 am
Matt - that appears to be the wrong link for the ES futures video - can you try again please?
Great - now it works! :)
try it again, I edited
Posted by matt on 31st of Oct 2014 at 11:59 am
try it again, I edited the post