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This may sound crazy.. but hopefully I can get some good advice here on this subject. I have been thinking about moving to Chicago and getting the proper training to become a professional trader. My ideal situation would be relocate there for approximately 4 - 6 months and get the proper...

I stated that this wasn't the first time I've posted the same thing.. Thos who've been around here for a while I'm sure know me as Mr. Consistency (on the losing side of course)

Thanks for all the replies.. I think I will step back for a while and reevaluate everything. I have a trip to Chicago planned to see my kids in November and may not trade again until I return from there.. I believe FT71 was correct.. my biggest problems are: Putting too much...

Actually.. I've probably posted this same scenario about 5 times..

I do have a lot of emotions floating around right now.. I live near New Orleans and we lost everything in the hurricane.. Had water into the attic for 5 days and everything we owned is ruined.. Had to move in with my parents temporarily cause waiting on insurance money and the housing market...

You have to have the psychological makeup to follow it though and if not doesn't matter how good the system is you will lose money..

Can you explain this in a little more detail.. I"m not sure I follow

Probably a good idea.. I've actually met with FT71 when I visited Chicago and he was an extremely nice and helpful guy..

I"ve read it about 5 times already.. and keep hoping one day I'm telling a similar story to those that struggled .. which they all did at first I believe...

You're on to something there.. I was up 2 pts. in the ER by noon and gave it all back in the evening.

Thanks for the reply.. but if you think what you're going through is frustrating now after just starting out.. wait till after a couple years trading and you're still going through the same agonizing turn of events..

For the life of me I just can't seem to get this thing straight and I"m so fed up with it I can't explain it.. I don't know what is wrong with me but there's something seriously wrong in my head.. I should quit but can't seem to stop now.. I always feel like I"m so close but just can't...

I've found today tough to trade.. Glad you guys are doing well though..

Hi Ilcaa, I've posted this exact same scenario here about a year ago or so.. Having set daily goals myself I can tell you first hand that it can be a hinderance to your trading.. I found myself exiting many trades prematurely because I was so set on making my daily $ goal.. that...

I've learned this myself.. I could be so much more profitable if I could learn to bail on those trades that do not confirm to my original signal within the next bar or two 3 out of 4 of my losing trades I could actually get out of with a 2 or 3 tick loss (Mini Russel) as opposed to getting...

Thanks Whit, Very good points you make. I'm working on defining my plan more precisely and trading that plan flawlessly. Without paying attention to the money.. I know that if I follow my rules the money will come and I believe at a faster pace than 1pt. a day...

I agree with the setting of unrealistic goals can only lead to dissappointment and frustration. And in that spreadsheet I posted I show the weekly steps of moving a $5,000 account into a $163,000 account in just 7 months time. Now that does seem very unrealistic to make such a huge return...

No.. The Mini Russel Index.. 1pt. = $100 per contract

Very true.. And I'm trying to get to this point.. but after being a consistent loser for so long its very hard to not cash in when you've set a goal and see that you've met it for the day.. Hopefully I can get to where I just concentrate on proper trading and not $$$

They are airing the show 3 times a night now.. 5pm, 8pm & 11pm CST.. (may be off on one of those times) so it must be getting decent ratings... I don't know how he knows so much about so many different companies .. unless like someone said he's making some of it up or just plain wrong...