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when I missed a setup, it seems to trigger me into doing impulsive trading. in one way, my subconcious is condemn myself to let a well thought trade go away, in another way, it seems to me"if I do not take my setup, I end up losing opportunity". so I found sometimes i still made those naive...

ironically,they are the 90%. losers in the trading. losers often have the same sympotom: they blame. they lose because their psych is not good? really? even you have the best psych, you will still lose, that is a fact. for example, if you down big, you still calm. sounds good...

yes,when one strategy does not work, the opposite one will work well. if fading does not work,then breakup works. most markets are in the middle of range-band and trend. only few markets trend very well, also only few range waves well. those are two extremes. That is why I do not stick to...

that is not the case. on the contrary, it is the case. why? yes, change is the only constant in the universe,but you must understand what change you need adapt, what you should not. market here almost several hundreds of years. what changes nade? it becomes bigger (more people are...

first admit we are human beings. second we are sinners. what are sins? greed, fear,anxiety,frustration,feel inferior,feel smart..... the inner world of human being. those are not mental sickness, since we are born with those sins.so you do not need seek doctors, they are not curable...

good analysis. I agree upon most statement. yes, trading is not about winning/losing. trading is not about making money. when money is in a trader mind, he/she will either freeze or fight like a warrior, he/she thinks loss makes him/her feel inferior, his/her ego will jump out and act out...

gravity law: anything goes up, must go down. but anything goes down, not always go up. bought some call yesterday in last minute 395 dec 09 (30lots), hope in the opening it shoots a while.then I can dump them with a nice dead cat bounce gain. then short some at the money call (maybe 395 or...

be realistic, do not think trading is "a piece of cake". most people walk into trading becuase of this illusion. work at any place, any time, no boss, .... the perfect job! but wait a minute. be prepared to take years to master tarding. trading is just like any other profession...

in trading, there is only one mistake. all others are brothers and sisters of the mother mistake: do not follow rules. market is an unstructured environment, no ending moving, at this moment it is trending down, but just you turn around, it is trending up, or suddenly moves in random mode...

based on your account size. if big than 100k~200k, option in amzn/appl/spy/qqq is the best, target on swing. just trade those out of money call/puts. do not trade those in the money options. if below 50k, index future, NQ is the best, the highest leverage compared to ES/YM. swing trade, do...

first you do not know what is the price action will be the next minute/hour/day. but you need know what those guys will do: cut loss, book profit, jump into chart setups, how will they react to what will happen or unexpected what happen.... when I turned on my computer pre-market, I noticed...

those charts illustrates something. actually there is no obvious thing in the market. most time, obvious trend, obvious range band occur... when you try to ride the obvious, you get wrong. I never bet on the obvious. as for risk control and position sizing. no obvious thing either. why...

his account size is good enough. just he does not have the winning attitude. I do not think he can roll. each day, lost two digits, after a couple month, we will never see him. option's leverage is far more than 10 folds. that means his account size is more than 30k. around 35k~45k! I...

no. first, the price actions are quicker those days. when you see the trend, the trend disappears, when you see a range, the range becomes random or a trend. so you will be always late a step behind, how the heck can you make money consistently? you are chasing. mathematically, chart...

most people trade based on"wish, hope". while not sound scientific fact, no wonder loss after loss. the most important rule in trading is " trade in the direction of least resistance". we all know human being are not GOD. they are greedy, they are fearful, they are emotional... because of...

what a laugh, very amusing. just when I read through a trading book, did not rember its name. but the book gave out an a very interesting story. he went to pee with other traders, he saw a coin here, and his friend immediately warned and asked him to pee into another place. he feel weird...

do the opposite, you are the 5%! based on your reasoning, then stop posting means 5%? absolutely not. if you just do not follow the crowd, you are the 5%. what is the crowd? they like to buy or like to sell, but they do not have any idea what they are doing. they have great...

PSS/HPQ is not candidate for option trading. your account size is big enough for option trading. the problem is you are in "test and see" mindset, that is a loser's mind. look at those 100+ stocks, like amzn, aapl,pcln,crm...or just spy. or those bio-tech companies, they "boom" they...

sounds good idea to sell deep OTM options. I just discovered it recently. sold some QQQ 56 NOV.18 call at the opening at 0.19 to 0.09 to test my theory this morning, now it is worthless. but one thing you need understand is: when you short either put or call, you needs margin requirement. I sold...

your problem is pretty normal. I have that too. particularly I am in a losing streak. when in a losing streak, I easily second-guess good trade in order to make sure it is a winner, so I wait until the acutal breakup/breakdown happens or a nice trend already well defined everyone can see it...