Recent content by sstheo

Gaslight, The shifting constellations... Being an quasi-avowed perma-bear, many months ago I scoffed when you said 4000 ES. But I was willing to try some longs at your strong recommendation. And guess what? They worked great! I have made several thousand dollars over the last few months...

As a race car driver, you have given me lots to think about while I am in the pitstop...

Why move it sometimes? When I am not disciplined. That is the only time. In those times, I feel like I "know" that the market is ultimately going to go my way. And then I become a polygamist with two wives -- my real wife and the trade I just got married to! Of course, the way to trade...

Up until now, I would say about 50% of my trades have been momentum scalps for 5 to 15 ticks and 50% have been reversals at support or resistance where I am only looking for 3 to 5 ticks. As far as picking tops and bottoms, I love to try to do that, but am usually wrong, LOL. But as long as I...

With an 80%+ win rate, the "inverted" R:R didn't bother me at all. It's the times when I moved the stop (as mentioned) that sometimes ruined my day. That is when I was bothered. Ironically, my best trades in the last month were losses where I took my losses quickly either at or before my...

About 4 to 1 risk to reward. 4:1 which by most standards is inverted from what should be. But most traders lose money.... so "what should be" MUST be questioned. ;)

Despite the volatility of the last two weeks, I survived. In fact, I finished up today about $184, and completed the election week at $7,905 (less about $24 for micro commissions). However, the volatility of the last two weeks has really shown me some big weaknesses in my method: I almost...

Yes, I should not have been like President Trump proclaiming victory before it was certified. I have a long way to go indeed.

@himly83 Yours just may be the most important post in my journal and on the whole of Elite Trader. The elephant in the room is that most traders are not being profitable. It took me 15 years to get here. That is just insane. I have been irrational. When I started, if I had known how much...

A frustrated trader wrote to me that he has lost so much and asked how I turned the corner. Here was my response. ------------------ I get your pain. And I am not out of the woods yet myself. I have lost so much money and my other job in real estate is not working well this year. I am torn...

Monday was great at $217 net, but election day and yesterday were the pits for me at-$93 and $32. I kept the position sizes small, and that was a really good thing because of election volatility. But it wasn't just rapid movement, it was incomprehensible (to me) bullishness. Yep, in the last...

I traded today. I correctly surmised that because the chaos is tomorrow that today would be mostly rangebound (NQ excepted). And I love to scalp... So I had one of my best days so far on this small account with about $250 net gain. I did it with one micro per position and had a max of two...

The quick hits have served me well. And the injunction to honor the stops is ALWAYS welcome. It is so vital.

Hmmmm....... I wonder if I could really pull this off.

I may not be able to stay away Mon, Tue, or Wed next week. IF I do trade, I will keep it to just 1 or 2 micros, not the 4 to 5 I have been trading recently.