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Action: daytraded 1 ES +2 point added ZF/ZN Current positions: long ZF/ZN (3/4 size) short ES/NQ (1/2 size) Plan: daytrade 1 ES when appropriate. seriously consider if I should move some more money to the FOREX account, and focus more on currency trading and less on equity trading.

11/3/03 N = 24 X = $1075 Sum(P) = $45 Stock market to the middle class is lottery to the underclass.

10/31/03 N = 24 X = $1075 Sum(P) = $51 Stock market to the middle class is lottery to the underclass.

That's not fair. If I can get 1000% return playing cards, or whatever, I will quit trading now.

I see two problems. The smaller one is tight stops. The bigger one is overtrade. Is your goal scalping? If yes, then you shouldn't ask how you can stay in your winning positions longer. If not, then why did you take so many trades? As the number of trades increases, the average quality of...

Action: daytraded 1 ES +6 point added ZF/ZN Current positions: long ZF/ZN (5/8 size) short ES/NQ (1/2 size) Plan: daytrade 1 ES when appropriate.

10/30/03 N = 24 X = $1075 Sum(P) = $55 Stock market to the middle class is lottery to the underclass.

No. I know your problem--your stop is too tight. It's impossible to catch the absolute top, save by luck, but it is possible or even likely to catch the top area. This morning I shorted ES at 1051.75, then it went to 1054.5, but I waited and covered at 1045.75. By the way, most if not all...

It's my rule not to use PM. :( I started "I trade 1 ES" to prove that daytrade doesn't work; however, I ended up doing better with daytrades than position trades. :eek: How to pick tops and bottom? Simple, wait for the hysterical moment and fade it. It works out more often than not.

Got you.

It's possible. I did it again this morning. Just don't expect to succeed every time.

10/29/03 N = 24 X = $1075 Sum(P) = $56 Stock market to the middle class is lottery to the underclass.

Added one today.

10/28/03 N = 23 X = $1018 Sum(P) = $47 Stock market to the middle class is lottery to the underclass.

10/27/03 N = 23 X = $1018 Sum(P) = $54 Stock market to the middle class is lottery to the underclass.

10/24/03 N = 23 X = $1018 Sum(P) = $53 Stock market to the middle class is lottery to the underclass.

10/23/03 N = 23 X = $1018 Sum(P) = $58 Stock market to the middle class is lottery to the underclass.

got 200 shares of a stock by mistake. will treat it as two separate tickets for the time being.

Action: daytraded 1 ES +1.5 point reduced ZF/ZN Current positions: long ZF/ZN (1/2 size) short ES/NQ (1/2 size) Plan: daytrade 1 ES when appropriate.

10/22/03 N = 21 X = $874 Sum(P) = $46 Stock market to the middle class is lottery to the underclass.