I have hit about rock bottom in my trading, I know what to do but my trading account size is low and I am worried a few whipsaws
in a row will put me out of business, so I try to hedge, knowing all too well that that doesn't work either. So my biggest obstacle
is not a system, it's undercapitalization. I'm not sure I needed DITM on the swing short I just did, but would definitely need it for a long,
and that is expensive. Anyway, just following price the short almost doubled, the signal still hasn't turned up and I'm buying all kinds of calls
based on a stupid inv. H&S that hasn't even happened, and I get faked at the close and hedged all of that short, what a mess.
I think I might close out everything on the open and start over and wait for the turn. It's hard watching a renko chart all day that doesn't move,
but until it does it's futile to try anything, most of the whipsaw is at the tops and bottoms, renko misses all of that, yeah it's late but it moves.
I'm to the point that price following is the only way, outside a few 90% signals, if I still go broke despite enough capital, then I will stop trading and just buy stocks for the long term and nothing more.
Reading all sorts of opinions can derail you, only way is to use it as sentiment information and keep focused, if they are right or wrong
it does't matter, only act on your system.
Edited by CLK, 13 November 2018 - 08:42 PM.