Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[dr.blix]

Hi Blix
I have suffered/am suffering with alot of the same issues as you and to be honest the only way I have overcome them is to work out my plan, execute it, then log off until I get the little email telling me it worked or it didn't. Just now was a great example I sold at 4405 at around 10:40 v. nearly got stopped just after then it gradually fell to my traget of 4394 nearly an hour later, if I had been watching I would have closed out near the stop or definately bought to soon. Doing this has improved my profitability alot and also improved my discipline, not saying it will work for you but its worth a try, its not as exciting but I use the "down time" to do my real job or study. Good luck

that's really interesting cado, i used to leave trades open for days when i was position trading equities last year.

it really does force you to have a plan. and as long as you have good stops, it does take the possibility of over-monitoring/messing up potentially good trades.

i'm a bit of a control freak i think, and this has led to being stuck in front of the puter 24/7...not good.

 

[kaisen]

ok long at 4389 SL 4359 target 4405

Hi Cado, I am learning here but how does this trade equate on a risk v reward basis?

Is it 0.53:1?

Should we not be looking at 2:1 or higher?:?:

 

[cadoganpier]

that's really interesting cado, i used to leave trades open for days when i was position trading equities last year.

it really does force you to have a plan. and as long as you have good stops, it does take the possibility of over-monitoring/messing up potentially good trades.

i'm a bit of a control freak i think, and this has led to being stuck in front of the puter 24/7...not good.

My problem is I actually enjoy the actual act of trading which is why I love scalping so much, but as as a way of making money I find leaving well alone much more profitable still can't help wondering how my long is doing right now.........................

 

[dr.blix]

My problem is I actually enjoy the actual act of trading which is why I love scalping so much, but as as a way of making money I find leaving well alone much more profitable still can't help wondering how my long is doing right now.........................

HAHA! 4397 cado

 

[kaisen]

@ kaisen/alex

there's a saying chaps, never try to catch a falling knife.

:cheesy:

 

[dr.blix]

looking micey if this 10min bar doesn't close above the previous bar.

 

[dr.blix]

DP is 4417

 

[cadoganpier]

I can't bare to look !!! I think I'll listen to the Super sport race at the TT instead

 

[kaisen]

I can't bare to look !!! I think I'll listen to the Super sport race at the TT instead

LOL

You placed a good deal Cado.

I just want to know your thoughts on Risk v Reward as the deal seems 0.53:1??

 

[dr.blix]

I can't bare to look !!! I think I'll listen to the Super sport race at the TT instead

haha...i feel for you cado really.

when i have a position open now i keep going back to the puter like a moth around a light bulb!

i may invest in an xbox or something.

have a look at this cado...one of my favourite sites to kill a few mins:

Hot Chicks with Douchebags

although the funniest pics are in the archives of last year and '07 i think.

proper douchebags, hilarious!

 

[masnachu]

ok long at 4389 SL 4359 target 4405

wasn't your target 4405 ? , think FTSE Futs hit 4402 @12:21 , IG's mid price hit 4405

 

[dr.blix]

well i didn't post this earlier as i was too embarrassed at how many positions i was opening!!

i went long @ 4396, i've just moved my stop to BE.

i'm looking for 4427

 

[cadoganpier]

out at +15 +25 for the day woooooooooohooooooooo

 

[cadoganpier]

wasn't your target 4405 ? , think FTSE Futs hit 4402 @12:21 , IG's mid price hit 4405

For some reason capital spreads closed it at 4406.5 at 12:47

 

[kaisen]

out at +15 +25 for the day woooooooooohooooooooo

Great work Cado!

 

[dr.blix]

out at +15 +25 for the day woooooooooohooooooooo

40 pts today?! good work cado! :clap:

i've left mine open (just because i haven't hit 4427 dead on :whistling), i do hope i'm not going to regret it.

 

[cadoganpier]

40 pts today?! good work cado! :clap:

i've left mine open (just because i haven't hit 4427 dead on :whistling), i do hope i'm not going to regret it.

I wish it was +40 I am +25 for the day. Looking for another short soon.

 

[dr.blix]

I wish it was +40 I am +25 for the day. Looking for another short soon.

+ 25 is bloomin good too cado! what's your daily target?

 

[masnachu]

For some reason capital spreads closed it at 4406.5 at 12:47

Stop was triggered on the bid I guess, also depends on what CS spread is over the Futs.

on the outcome

 

[cadoganpier]

I don't really have a target its more down to how busy I am, short now at 4408 SL 4428 target 4397