Originally Posted by Spanish89
But everyone has publicly seen how much **** i have had since this year started, evry single movement.
*I called buy oil at $37 on saturday 1day after the russian gas thing, with target 46. But couldnt myself cos cant do weekend trades.
Such is life for EVERYONE!
*I sold at $47 with target in 44.62 and 39.26, got cautious and took loss at 49, then had market crash down to the low 42s the same day.
Own stupidity to not have a solid plan or courage in ones convictions.
*I then tried to buy when it fell from same move to low 38s, just to have it crash down more to low 30s,
just to have it then close the contract at $40.
Got it wrong. End of.
*I then bought it at the 41 lows with target 43s, held it for 4hours just to cash in when it spiked $1 in few seconds, as it was too fast and so should have pulledback,
but instead it went straight to my target of what would have been nearly £2000, that i desperately neede for my then 4k account.
But instead i sold the spike, and took loss to end only break even for the day.
Own stupid fault again...
*Had internet down all next day so missed having the perfect head n shoulders form at $32, the ultimate low.
Professionals account for this with a back up.
*I then watched and waited patiently as it spiked from 41s to mid 45s, sold there at head n shoulders just 1spike before the top, with target high 43s, just to have it rise to over $1 and i took loss at 46.90,
just to have it fall down again to breakeven.
Lifes a bitch, improve your perception and trading.
*I then waited patiently and let it rise all the way up to the mid 48s, let it form a big heavy top there,
and then got my sell in at 47.86 barley 16seconds before it crashed down off the right shoulder,
but i took profit after just 60ticks drop from my entyr (was $1 from thw start of that down move),
since with all the constant buying that had been going on for no fundamental or technical reason, i though this spike would be bought up again.
Yet it crashed down to my target, so missed over £1000 again.
Serves him right for not having a solid reasoning.
*I then waited patiently as it crashed down from what was the mid 48s down to the mid 43s, (without my perfect entered sell and the £2,600 it was worth),
just to buy at the head n shoulders form at the low 43s, this time i didnt cash in when it spiked up 60ticks like i had done the previous week when i missed the 2k,
but this time after all the **** id been having since the year started i really thought my luck couldnt get any worse,
YET the thing then didnt rise when the dow, euro and anti dollar pairs, and even the other energy things rose,
didnt rise overnight or this morning when the dow n others rose even more,
YET as soon as i took the loss on a huge huge inventory build (the 2nd biggest build ever in history),
the ****ing thing started rising back up!!!
This is not bad luck, its lack of planning and understanding and ignorance. We could all say this bout lots of things........
Remember Bid-A-Tool.... he was right, it just went 1000 points against him first....
Trading is skill, not luck/unlucky... S89 is gambling, end of, and badly!