The Thief of Wall Street
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DislikedShit. I missed a zero from my first position. It's 0.2 lot instead of 2.Ignored
Disliked...............and one more thing hell with Jesse Livermore. One should do only what is logical.Ignored
DislikedOkay, I thought this thread was about trading like Jesse Livermore. Sorry for my naive thinking.
Anyways, good luck!Ignored
DislikedDon't get annoyed.
LOL. Jesse was a stock and commodity trader. We have to amend his method. But basics come from him.Ignored
DislikedI am stuck with my this trade. Three lots short. SL yet to be adjusted.
Its either 20% loss or I will be rich.Ignored
DislikedJust got up to see this account fucked up more than 25%.
Where is the mistake?
From NY session to London open market wanted to go up, but I relied on overwhelming underlying conditions (and still do). Wanted to go up but fuckin' Jesse Livermore is opposed to that.
Think I have to wait for another short opportunity, but margin not enough to buy three lots.
Anyway, Let's continue.Ignored
DislikedJust got up to see this account fucked up more than 25%.
Where is the mistake?
From NY session to London open market wanted to go up, but I relied on overwhelming underlying conditions (and still do). Wanted to go up but fuckin' Jesse Livermore is opposed to that.
Think I have to wait for another short opportunity, but margin not enough to buy three lots.
Anyway, Let's continue.Ignored
DislikedI think your problem is that you are just shooting from the hip. You go short no matter what price is doing. Having overwhelming underlying conditions is not enough, you need other participants acting on those conditions, and that you will only see by price moving DOWN. However, since you always sellshort the more price moves up, you don't have that luxury.
I must say having a 25% drawdown just from one trade setup / idea is quite a lot.Ignored
DislikedLOL. I am begining to understand why Jesse went bankrupt so many times.
The account shows margin alert. The next step is Margin Call.
I think the balance after margin call will be enough to fight for another day. Still a long journey to margin call.Ignored