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Back to back really good weeks. +37k, 464k shares traded. Daily pl 0 ,0, +9, +11, +17 Good size on some nice trends on Wednesday and Thursday, and sized up for the quad witch today and things were actually decent for a change. Was fortunate to be scared enough of V and MA to not dip my toe...

I wouldn't say I "dig myself out of" bad positions. If I get smoked in a stock, it is what it is. I might be underwater big in a position, but if it still looks promising I might add or hold on. If I close it out for a big loss, I don't let it affect how I trade the rest of the day. A valid...

No worries mate, it's all good. As I've said before, I believe Echo to be a highly ethical firm. I've met the owners, spent time with them, travelled with them, been in the back office, etc. They are rigorous on all aspects of compliance and have a hard earned and well deserved reputation...

+42k on the week. 471,000 shares traded. Daily pl -6, +2, 0, +49, -3. Forth best week of the year and best since July. Aside from Thursday, it was a pretty crummy week. Got steamrolled in PPO on Monday and worked over pretty good in CYH today. Thursday was an odd anomaly, I didn't do...

An example. Strategy A goes long and short stocks with an average hold time of 9 minutes. Strategy B goes short options, average hold time 9 days. Strategy C spreads ETF pairs, average hold time one month.

Do you realize there are multiple, non-correlated strategies that combine to make that equity chart? I'd suggest TIMING is not the thing that is holding you back from profitability. You sent me a pm a while back asking for some help. I tried pointing you in a certain direction and you came...

LOL, nope. Actually, I did make some decent progress on one new strategy, but this thread wasn't the motivation.

Why is it so hard to comprehend? That equity chart isn't anything special for an experienced daytrader.

Just barley eked out some green to keep the weekly winning streak alive at 8. +1k on 328,000 shares volume. Daily pl 0, -2, -9, +8, +4. On the wrong side of some nasty trends, like CMG today. Also managed to avoid carnage in SWM today, the stock that gave me my worst trade of the year back...

I have traded pretty much the same size for a couple years now, so no I don't compound. I know I should be upping the size somewhat and spreading my capital around more, but the honest truth is I'm a bit complacent and comfortable and I like making decent money with a risk level I'm very...

We're close to year end so I'll provide more detailed stats then, but here's the current equity chart to end of November <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3023869>

Some strategies are affected my market direction more than others, but for the most part market direction doesn't matter. If you asked me what the market did yesterday, 95% of the time I wouldn't remember. If I traded strategies that depended on getting market direction right, then I might as...

I don't know yet if I'll continue this journal. Things have been pretty boring for the most part. Aside from May 6th and my fat finger, there haven't been any big events all year. Some good dialog though.

nyse.com

The same as a retailer. He tries to identify something other people will want to buy, then acquires it and tries to sell it at a mark up. He has to correctly guess people's moods and tastes. He has to monitor his competition and correctly respond to their actions. Sometimes he has to put...

Four day week, but pretty good again. $17k on 270,000 shares volume. Daily pl +10, -2, 0, +9. Passed 100k for the month with just two days left to mess it up. I've been holding a bunch of municipal bond funds since they bottomed last week and just selling a little each day, which has been...

+27k week, 316,000 shares. Daily pl +9, +7, +14, -5, +2. Light trading this week as I was out of town the last few days.

Statistics, odds, order flow, arbitrage, etc. There's a million ways to play the game.

It hasn't affected my trading at all. But it's been a positive experience because writing about my trading and putting thoughts into words reinforces my trading beliefs and rules. I also like chatting about trading with people who can have an intelligent discussion about. I don't follow a...

Here's a post earlier in this thread where I addressed this: http://www.elitetrader.com/vb/showthread.php?s=&postid=2701121#post2701121 You can't "tell yourself" not to get emotional and make it just happen. You have to train yourself to do it, and that takes time. Sounds like you are...