Hi Dougl,
The fact that you siad the s/r zones from someone is reliable...I'm assuming you also meant to say that you were up $300 while using those s/r zones and then lost $800 while using those s/r zones.
If I'm correct...can you tell me what your doing or post charts of a few of those losing trades involved in the $800 dollar losses while using the s/r zones.
Also, does he tell you how to trade the s/r zones or does he just provide the s/r zones without any trade management information. Simply, he just gives you s/r zones and you're on your own with whatever trade signal method you're using.
Regards,
M.A. Perry
dougl1965 wrote:
hello,
I just wanted to give you an idea on where i'm at and where i want to go trading-wise?
I'm a newbie. I just opened a small trading account. I was up $300 early...got excited and now i'm down $800 from that point.
Looking back, a lot of my trades would've panned out but my stops were too small. The mental crap is starting to creep in.
I trade the ES mini and get my daily support/resistance zones from a guy i found on the web. The zones are pretty reliable...I just need to learn how to trade them better. I also purchased a signal (used in ninjatrader) from emini-watch.com. That too can be reliable but needs work on how i'm entering the trade.
So my current strategy involves mixing the two above. I recently changed from a 5 minute chart to a 2 minute charts. Hoping for better entries. And doing this while holding a normal 40 hr a week job.
I noticed performance record of "thestrategylab" and that got my attention. At the end of the day i still want to see if it works for me? Unfortunately money is a bit tight but i'm always hopeful of learning something new that can help me out. There's nothing i'd like more than to wakeup one day and have the confidence that I can trade profitably and earn a living doing it.
That's my end goal.
I just wanted to give you an idea on where i'm at and where i want to go trading-wise?
I'm a newbie. I just opened a small trading account. I was up $300 early...got excited and now i'm down $800 from that point.
Looking back, a lot of my trades would've panned out but my stops were too small. The mental crap is starting to creep in.
I trade the ES mini and get my daily support/resistance zones from a guy i found on the web. The zones are pretty reliable...I just need to learn how to trade them better. I also purchased a signal (used in ninjatrader) from emini-watch.com. That too can be reliable but needs work on how i'm entering the trade.
So my current strategy involves mixing the two above. I recently changed from a 5 minute chart to a 2 minute charts. Hoping for better entries. And doing this while holding a normal 40 hr a week job.
I noticed performance record of "thestrategylab" and that got my attention. At the end of the day i still want to see if it works for me? Unfortunately money is a bit tight but i'm always hopeful of learning something new that can help me out. There's nothing i'd like more than to wakeup one day and have the confidence that I can trade profitably and earn a living doing it.
That's my end goal.