RE: Long time now see6 Nov 2020 14:19
HI tomc1 dont worry, nothing much shocks us in this game and we have all and continued to have losses.
Its often just like playing roulette. Ive just taken a look at your FSJ trade on the daily candle and i can see why you went long as it had touched and held on support three times and you were unbelievably unlucky it dropped like a stone from that support. ( probably due to fundamental news)
My thoughts are ( and basing this on the daily candle) when you are going long from from a three time touch support wait until you have at least one full day of a green candle.
This shows that buyers have at least entered the market . it doesn't always work but it has much more chance.
The other idea is to put a 200 day EMA on your charts this gives you the trend direction. If the 200 EMA is sloping down you are best shorting from the the highs as it gives you more chance due to the trend sloping down........ Only ideas and thoughts tomc1 plus remember to put your stops on, take the loss and live to fight another day. Oh and don't beat yourself up the market is fickle and partly based on luck..