DTF - I saw stalling momentum. Time to GTFO, take profits and trade it the other way. The market shows what to do. My system and edge drive me to trade it that way.What my system tells me by entry and exit signals is what I follow. I can never be wrong over the long run if I listen to what my system is telling me.
Yeah - I can see your exit at EOD. Somehow I missed it in the moment.
Looking at NFLX - one of the green candles was just under $1 while you were holding (11:20), then 2 candles later you have what must have looked like a hefty green with the finished up sitting about $0.15 higher than the 11:20. My natural tendency would probably be to bail right about then. Heh.
Care to share what is going running thru your head as you watch that sequence unfold?
If you wouldn't pull these types of trades off every day and post them I would be content with my $0.10 scalp. Thanks for sharing.
DTF- well somebody is making these stocks go up and down- your job is to get close to those movers and shakers and get a piece of the action yourself. they leave tell tale signs, dojis, longer and shorter candles you have to interpret those signals and act on the information. i choose to take profits like that when they are offered. thats basic common sense to me. i surmised the situation, i acted on it, i let the momo go until it said it was done, i exited and took profit. it was a successful trade in that i followed my system. the market speaks. i listen. i position myself to trade it any direction. price action is the only thing that matters. i don't expect anything, rather i approach it thinking about what is the most probable outcome based on the signals shown. i'm not greedy only opportunistic. i listen to what my gut feeling is telling me. and you might think this is a bit trippy but i tap into the synchronicity of the moment. what is the crowd doing ? what are the traders in the know doing. i leave myself open to this other time and space dimension. sounds weird right? well how else do you explain the tops and bottoms i catch?? it appears to be so easy but what i do is let the market tell me what to do. its evolved into an automatic response, a reflex if you will. human nature, my personality, my system/edge all come together in these times. new traders will struggle to gain a foothold of knowledge but if you can survive a long enough time to gain sufficient knowledge, you too can just coast in and out of the flow too.
This is what I am understanding: You see the probable entry signal. You enter the trade with no expectations. If you get stopped, you move onto the next opportunity. If the stock moves in direction, you wait until it quits moving.
So simple. Heh. It's that part between the entry and the exit where I get stuck. Somewhere between trying not to be afraid and trying not to be stupid. Fear would of dominated an exit at 11:35. Stupidity would of held on past 12:35.
I like the picture that the word 'opportunistic' paints.
This NFLX short was just a high probability shot in the dark as I saw and shorted AAPL at the same time when they popped , then stalled a bit.
5 comments:
LOL!
Heh... what are you seeing on this exit? Just a feeling? NFLX is up almost two bucks from your exit. =)
DTF - I saw stalling momentum. Time to GTFO, take profits and trade it the other way.
The market shows what to do. My system and edge drive me to trade it that way.What my system tells me by entry and exit signals is what I follow. I can never be wrong over the long run if I listen to what my system is telling me.
Yeah - I can see your exit at EOD. Somehow I missed it in the moment.
Looking at NFLX - one of the green candles was just under $1 while you were holding (11:20), then 2 candles later you have what must have looked like a hefty green with the finished up sitting about $0.15 higher than the 11:20. My natural tendency would probably be to bail right about then. Heh.
Care to share what is going running thru your head as you watch that sequence unfold?
If you wouldn't pull these types of trades off every day and post them I would be content with my $0.10 scalp. Thanks for sharing.
DTF- well somebody is making these stocks go up and down- your job is to get close to those movers and shakers and get a piece of the action yourself. they leave tell tale signs, dojis, longer and shorter candles you have to interpret those signals and act on the information. i choose to take profits like that when they are offered. thats basic common sense to me. i surmised the situation, i acted on it, i let the momo go until it said it was done, i exited and took profit. it was a successful trade in that i followed my system. the market speaks. i listen. i position myself to trade it any direction. price action is the only thing that matters. i don't expect anything, rather i approach it thinking about what is the most probable outcome based on the signals shown. i'm not greedy only opportunistic. i listen to what my gut feeling is telling me. and you might think this is a bit trippy but i tap into the synchronicity of the moment. what is the crowd doing ? what are the traders in the know doing. i leave myself open to this other time and space dimension. sounds weird right? well how else do you explain the tops and bottoms i catch?? it appears to be so easy but what i do is let the market tell me what to do. its evolved into an automatic response, a reflex if you will. human nature, my personality, my system/edge all come together in these times.
new traders will struggle to gain a foothold of knowledge but if you can survive a long enough time to gain sufficient knowledge, you too can just coast in and out of the flow too.
I really appreciate your response.
This is what I am understanding: You see the probable entry signal. You enter the trade with no expectations. If you get stopped, you move onto the next opportunity. If the stock moves in direction, you wait until it quits moving.
So simple. Heh. It's that part between the entry and the exit where I get stuck. Somewhere between trying not to be afraid and trying not to be stupid. Fear would of dominated an exit at 11:35. Stupidity would of held on past 12:35.
I like the picture that the word 'opportunistic' paints.
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