E-mini 500 4-27-25, Long on bounce?
4 responses | 0 likes
Started by mikempt - April 21, 2025, 12:32 p.m.

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By metmike - April 21, 2025, 1:07 p.m.
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Thanks, Mike!


Interesting violation of the rules of the system that you claim makes you the best trader ever.

No stop?

No target?

What's the rational? Trying to catch a falling knife mentality?

Please explain.

Thanks in advance.


By metmike - April 21, 2025, 3:05 p.m.
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What's the plan for this trade Mike? What was the reason to take it?

Did you cover to limit losses on a day trade?

Have you, instead decided to hold it in hopes that the market goes higher tomorrow or later this week?

Where are your stops or points to limit risk?

What is your price objective?

There's no RSI or other indicator boxes that tells anything about this entry.


Thanks, Mike!

I hope you had a wonderful Easter!

By mikempt - April 21, 2025, 4:57 p.m.
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I forgot to put in the question mark at 5160.

By metmike - April 21, 2025, 5:02 p.m.
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Thanks, Mike.

So what was the reasoning to consider this 1st  trade (and giving us a never mind signal later) other than the market being oversold and trying to catch a falling knife?

I seriously like you alot and am not trying to harass, just trying to help people to understand the solid principles of successful trading (and being honest/humble) vs gambling. 

https://www.marketforum.com/forum/topic/111376/#111380