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NQ leading lower once again. Now that was a false breakout if I ever saw one. Snapped right back up. Let's see if we can make it to 4130/40 today on ES. Last years Holy Thursday was a sell, but on average it's a bullish day over the last 10 years.

Excellent. Well done, sir. :) For the benefit of the readers would you mind sharing some more specifics on what you do? Are you mostly day trading index futures or what? I saw the reference to your range bar system and will check it out as soon as I have some time. I know some people speak...

Considering the question in the OP this thread needs more YTD P&L statements and performance figures. So far, I was the only one who shared anything specific, and while nothing to brag about, at least I'm keeping things transparent. Rest assured, if I will be able to keep growing my account I...

You could check out the posts from this guy. He gave some pointers on how he's trading and appears to be doing very well from what he shared here: https://www.elitetrader.com/et/members/1eyejackal.537046/ I think you're dead on regarding avoiding mistakes. The easiest trades - at least for me...

Unless it wasn't obvious from the post above, I'll add that it's the consistency which is hard to maintain in this game. You really have to bring your A game every single day. No room for errors or miscalculations. Stay the hell out if you don't know what's going on. I still struggle there...

With one year in you're just scratching the surface. It's still not too late to give up. It's much harder to let it go after you've been at it for 5 years with nothing to show for it. If you decide to continue, I think you're better off focusing on swing trading and modest returns as opposed...

Sage advice, comagnum. :thumbsup: I have a quote which I probably got somewhere else which I think is spot on: "There's no substitute for experience." No amount of reading, testing and research can substitute experience. And that simply takes time. I think most of us come into this business...

It's not too late... :) Let's see if we at least can close above yesterday's low at 4115. Otherwise it was a poor prediction as we dipped much lower below yesterday's LOD than I had anticipated based on that data.

The OP said he doesn't have a strategy/system, so he needs that first. Will easily take a few years minimum. Now, even with that in place, it's still so easy to make mistakes and get sloppy or override your rules/system. There's really not much room for error in (short-term) trading. That's...

Tricky! I stopped out of my short just now at 10.50. This can go all the way up to 4113 / 4115 and still sell off. I'm probably going to scratch this off as a losing day and call it a day here. Lacking conviction either way for now...

Tricky day. The rejection at 11:38 was a nice second short entry, but I wasn't around. My statistical model (which was dead wrong so far, LOL) says continuation lower is more likely from here, so I'm a late short here. Seems to be a bid down here, so I'm not very comfortable shorting this so...

NQ falling of a cliff here. Let's see where this closes, but I was dead wrong so far for today.

That's incredibly well done, sir. My hats off to you. Any details on your trading operation? I.e., time horizon and products traded? I humbly agree with everything you said, but I do think trading is harder than running most small businesses.

Curious. Who or what gave you the idea that trading would be a good way to pay off your debts? Short term or even medium term trading must be the hardest way to earn money in this world. For the select few it can be very lucrative, but for most it won't be anything other than a source of...

That's an initial failure to breakout below yesterday's LOD and we snapped back inside yesterday's range. Let's see if this can reverse here or if it's just temporary. I can see this go all the way down to 4100 or even 4080 today, but I just don't have the confidence to press the short side...

Messy. With NQ being so weak (so far), I'm wondering if that'll halt any rallies on ES. Still long biased here, but not betting the farm when NQ isn't participating.

In my humble opinion - 4115 is the level to pay attention to. We should hold above there today for the bull scenario to be in effect. Even an initial break below I'd be expecting to fail based on the statistics posted earlier. But if there's no bid on the Open and we drop below 4115 - all bets...

Maybe it's not proper journal 'etiquette', but I widened my stop by 2 points on that release as I had a hunch I could be spiked out. Not moving it again now, though, as we should have follow through from here. Still looking to re-enter long if stopped, but that might be in RTH if so. EDIT...

Not loving this counter-movement. Coming up in 15 minutes. Could rattle the markets both directions:

I read most of that thread too one summer when I had some extra time on my hands. There are some interesting philosophical musings there which makes you think, however, the trading advice that's offered seems fairly generic to me. And finally most important. Was there every any proof or even...