Recent content by heynow

Sorry for coming across like a whining little bitch. But I hit the nail on the head as far as the discipline comment. Discipline in individual-independent trading is a myth, an urban legend. The guys "you know" that make money consistently, how do you know he is not eating like a bird and...

I actually average a 2.5k gain on my winners its just that every once in a while I have a massive loss. My average loss for the past 240 sessions is 4.5k. Anyway being flat for 3 months just feels like a blow up and I feel I gotta try something different.

Like I said, if you have 20 different not too correlated positions and one goes to zero that only a 5% hit. My plans for swing trading is to "scalp" but on a much longer timeframe and across many different positions so that I'm not impatiently trading noise.

Discipline is the biggest myth in trading. Even if its attainable, its useless without a real edge. Discipline is like self actualization or enlightenment - the pinnacle of human achievement but total impossible to achieve, it is a myth. Just look at Buffet, Icahn, T Boone, Kirk Krikorian -...

Exactly if not for those three massive losses, I'd be up 75k for the year. But the fact this that such huge losses are Unavoidable. I can trade using very little leverage and trade the trend and make money 30 days in a row but then one day I come in fade a trend, average down, and its game...

Expertise in trading intraday noise is not a scalable skill. If I had not bothered with daytrading and focused on swing trading the past 4 years maybe I'd be ready to manage OPM by now.

Now when I say all daytraders, I'm talking about independent discretionary daytraders. I'm not talking about HFs running algo bots and doing market making, arbitrage, etc. The reasons why I feel a daytrader is ultimately doomed for failure: 1 Limiting profits. The very nature of daytrading...

Yeah Buffet did it with discretion but he invests for life (never sells). Yeah Soros did it with discretion but he apparently relies on back pain as an indicator so yeah i think he qualifies as an Enlightened person. You can have much greater runs going discretionary but you'll probably...

Don't respond to this thread, its a dumb question. I really don't want to know anymore. I tried to delete the thread but couldn't.

My question is when you bottomed in your learning curve, how fast was your money making: linear, exponential, or sideways (up and down).

The most important lesson I've learned about trading is use of the behavioral stop. Once you have a good plan that works, if you ever deviate from the plan the right then and there you have to close out your position and call it a day (assuming you daytrade a futures market). This the only way...

I'll start looking for a job. When I say go into credit card debt what I really meant was take a cash advance of $300 to get the futures account back up above 2k to fund one last shot. I've refunded the account before but never with credit card money. I always did really well after refunding...