It’s SO hard to resist a run-up like this but rules are rules. The overall trend is down until proven otherwise. And sitting on my hands gets frustrating. However, while missing some potential profits, the payoff is sticking to my plan and not counter-trend trading. https://twitter.com/TraderDick1
Month: September 2021
Like a Hot Knife Through Butter
Rare that I go short on a Friday but the double top pre entry proved interesting on the 1 hour chart. So I looked into it further. Sunday night Globex called for sticking with the plan and staying short. Been a busy week setting up a few on-line changes. Working on another platform to assist…
A Sense of Humour Helps.
I love it when Kitco (Canadian) does an interview with an author during the Denver Gold Forum 2021, I not only agree with but more importantly has a sense of humour. SO important when managing your financial future!
Range Bound After a Run
Expect a range bound no-man’s land of chop after we get a good run. Personally I missed the Aussie run up being busy with changing over the charts to ‘Z’ from ‘U’ not that’s an excuse with validity. I guess I’m not as driven now as I used to be but I’ve also learned to…
Fractal Entry Good… Greed Exit Not So Good
My entry short at 79915 was as good as it gets. Entries have always been my strong suit but I put that down to my personality. I have a weakness wanting to be engaged. Always in the market. I fight that constantly. One thing I’m learning to benefit fellow traders is I’ve got to get…
Always be Grateful
On the anniversary of 911 I pause to remember my broker (H.L.) calling me and asking me if my TV was on. I said no but snapped it on. In horror I watched a newscast of the twin towers coming down. Our Western world changed. Not for the better. That day’s anniversary today gives me…
The Dog Days of Summer are Over
Late summer trading is usually a ‘thin’ market meaning much lower volume. Hey, if I were a broker I’d take the month of August off too. Time to be on the boat all the retail amateur scalpers paid for. This drop and bounce gave both a win down and a win up. I got a…