Day Trading Futures

[pratapvb]

Realised looking at my trading diary that most of my shorts have been perfect. In terms of timming and location but opposite is the case with longs. Most of the longs either have been missed or were wrongly identified. I understand that shorts usually make more money than long but are long trades difficult to identify as compared to shorts ? This thought just may be pschological i would appreciate comments based on your personal experience please.

this is a short bias in your mind....so you hesitate to take longs...and look for small reason at resistances to short

I had this and overcame it will all these colors and alerts on the chart

 

[pratapvb]

this is a short bias in your mind....so you hesitate to take longs...and look for small reason at resistances to short

I had this and overcame it will all these colors and alerts on the chart

short bias people will

1. short at smallest opp
2. hold short lower than necessary....will think any upmove is a pb
3. by holding shorts longer they miss to see the longs
4. if long taken, they will exit at the smallest correction, and look to short

 

[Tlahuicole]

Realised looking at my trading diary that most of my shorts have been perfect. In terms of timming and location but opposite is the case with longs. Most of the longs either have been missed or were wrongly identified. I understand that shorts usually make more money than long but are long trades difficult to identify as compared to shorts ? This thought just may be pschological i would appreciate comments based on your personal experience please.

This is what is called bias and you have started to love shorts, quickly throw it out of your mind. If you are a short term trader especially if you are day trader, you need to have neutral bias, for 5 min and 30 min chart trader. Points wise, I can accept shorts are good, but longs are easy for timing. Because bulls take the stairs up and bears take the elevator down.

 

[manishchan]

short bias people will

1. short at smallest opp
2. hold short lower than necessary....will think any upmove is a pb
3. by holding shorts longer they miss to see the longs
4. if long taken, they will exit at the smallest correction, and look to short

Bulls eye sirji ! U listed down all the things i need to mull over. 3rd one is my biggest enemy. Very often I miss to see longs building up

 

[a1b1trader]

It seems that intermediate top has not yet formed
(May be it is present high 6572)
Though it opened below 6630 but did not sustain there

So if moves over 6575-80 then can reach 6620
So take care

Use proper SL/TSL

Again went below 6530, but immediately came up.
Now be cautious if moves over 6555-60
6545 is a target of intraday +ww

Correction will start only,
Once we will be below 6530-20 range and sustain

 

[Smart_trade]

Some people have bullish bias and they think that the market will always go up. They fail to see that the uptrend is over and the downtrend has started and keep holding the long positions in loss and when the market comes up on the next uptrend, they feel " look , I told you that market will go up."

A good trader has to get rid of these biases. He must be long in uptrend and short in downtrend. It is easier said than done though and we all have our bias but we must try to reduce its impact on our trading.

Smart_trade

 

[XRAY27]

-------------deleted------- two times posted---------

 

[Tlahuicole]

Some people have bullish bias and they think that the market will always go up. They fail to see that the uptrend is over and the downtrend has started and keep holding the long positions in loss and when the market comes up on the next uptrend, they feel " look , I told you that market will go up."

A good trader has to get rid of these biases. He must be long in uptrend and short in downtrend. It is easier said than done though and we all have our bias but we must try to reduce its impact on our trading.

Smart_trade

I have been lucky I dont have these biases, I can see the calamity these will bring into our trading accounts and results.

 

[XRAY27]

realised looking at my trading diary that most of my shorts have been perfect. In terms of timming and location but opposite is the case with longs. Most of the longs either have been missed or were wrongly identified. I understand that shorts usually make more money than long but are long trades difficult to identify as compared to shorts ? This thought just may be pschological i would appreciate comments based on your personal experience please.

1.proper buy and sell set ups are not there in your trading arena
2.result is bias ,fear,greed...

 

[a1b1trader]

NF formed symmetrical triangle
BO or BD