Daily P/L - Page 77

-$1200 today, lost all my gain for the entire week + more :-(

I need better discipline

Did you have a heart attack at the open?.....just kiddin..hope you made a killin...

my problem is I don't set stops....I will starting next week...of course, I say that all of the time.

kinda hard to setup stock using Interactive broker. TD Ameritrade think or swim is much easier..

maybe you misunderstood....I'm talking about stop losses / trailing stops..

I really thought I could exit these puts at 6, but it just didn't happen; the trade wouldn't execute at 5 at the open or at all during the day, either...so I held them and settled for the LOD near the close...

Still a great trade (my biggest, actually), but there's always room for improvement:

10K before goog reported...

reloaded all the way down today, will see what happens.

I would reply to this if it was Monday!!

Something i notice about stops is that, Etrade always hits my stops weird.

I had 109 shares of ford @ 11.55 stop, the HOD was 11.91 and LOD 11.6X

how did my stop get hit? and sold?

they always do this to me

I've stopped putting stops too close , and rather lose a bit more if positions go vs me, in exchange not to get shaken out of play.

I've been playing AMD but its always so volatile, going up crazy but never keeping much gains at end of day.

I have heard a lot of people use excuses why they don't use them here over the years....
One is they believe when they get stopped out it should not have happened,...that is because they put it in the wrong place. So what? get back in. if you are right and it moves in your expected direction you move the stops up.
In the case of trail stops those get hit quicker usually but you add those when you have hit your expected range and your just riding the rail for free, trying to get as much out of the trade as you can.

There has to be a stop simply because some people freeze up when they have a loss,...disbelief comes into play and they wait for a possible turn back in their favor, usually that does not happen then they loose more.
The stop takes that emotion away.

In your trading plan before it is executed, you have to know how much you are willing to lose initially that is where it is set..... if you are wrong so what! you can enter again, that simple. But can you predict how wrong you are? No. The stop gives another chance to re-evaluate, maybe you move on and forget it.

good advice Chan.....

Back from the world cup. going to get back on the grind soon.

I have a couple accounts (cut and paste). This is my Ford action.

Nice playing USMC. Good to see someone is keeping this thread alive.

+380 on a long from late last week -50 from a live uncovered Short today.

-400 new role putting stop in everything

I lost $30 on a penny stock trade gone bad. Could be worse...

well im going to realize tomorrow for sure by the end of the week. No point anymore in waiting. -24,766.00
dont ask,....