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I do not try to write it concisely. that is not what I want to achieve. if no one read it, good. my aim here is use this mistake journal to monitor my trading activities, curb trading errors, tnansform myself into a true professional trader. English is not my mative language, though I am an...

I already did two trades. first one, bought HCLS at 1.31 in the pullback, plan to hold it all day. in this process, I was a little eager, my initial buy order is at 1.25, but afraid of missing the train, the morning jump up point. mistake here: eager to jump in and afraid of missing the...

I traded lots of years. but because of this reason or that reason, i commited lots of mistakes most traders did. i hate them. and i want to control them firmly. I want to correct it totally. as most know, trading knowledge is not hard to learn.skills to spot trading opportunities are not...

most posts about trading failure here are very deeply anylysised. trading failures can be many reasons. but trading success can be only one reason. to my understanding, psychology is the major cultpit of trading failure. it is just like a driver's steering wheel. all others are the sons...

this Red-INk definitely has an edge! why he not scalping ES?

if you treat it as a gambling, then it is a gambling game. gambing is for entaintainment, not for bussiness. I treat every trade as a business sale or bidding a project. I agree technical does help, but do not overuse it, it is an assistance tool, think or bleive it is an edge, truely it is...

I do not think that is the right suggestion. trading is not gambling. you need technical skills and market fundamental knowledge. Nd's problem is she could not think both fundamentally and technically, she just thinks technically. for example, a drop. to some people may be a signal to...

bought AIG at 23 again, will hit 30+ today?

did you buy them? I bought AIG at 15 today, sold it at 21.8. did not buy GGC (small float effect), I thought that is piece of crap. tried to short it at 45 yesterday, but no share to go short.

you have too many ways to enter a trade! you need a filtering system to pin down on only one. too many means confusion, means unceratin, means you will hesitate most time, you need look fundamentally to figure out what is the right one. compare your chart with the news schedule, you know...

the bad thing when you stick with one stuff is: when you should jump in, you hestitate because you will get many past experience to prove you should hesitate. if you buy in the dip, the drop continues, if you buy in the rally, the rally reveses, for whatever reasons, you will get lots of...

relax a little bit, you will be better. you focus on 3points ES loss or gain too closely. Es works just like mutual funds, the only difference is ES has high leverage and has no dividend and time expiration date, that is it. if I were you, I would buy ES and hold it, and neglect those...

Nod said a six yrs old can too. but toward a professional one, ?

think trading as driving a car, do you think the road shape/materials/conditions is a"should be" question? absolutely not, you can drive on a road as it is, as for why it is curved or zigzagged, it is irrevalent. one fact: you can not change it. the same applies to the market, who knows how...

my wife said "the market is just like a fish in a pond, I can see it, but when I try to grab it, it swims away, and it is still there". then I told her, "the water is too clear, when you can see it, the fish can see you too, so the best way to catch fish is throw your line and your bait and...

it is a good advice. I tried that several months ago, I fellt it is a great way toward wealth building, when i look at my equity curve, I found my equity curve is steady up trend (almost 45degree degree up). I even extended this concept to 1hr/$500, 0.5hr/$500, I started to do trading around...

I have the same feeling, particularly at the month end or at week end or the last month in a year. I gained day in and day out, then at the month end, I become nevous, afraid to lose away my profit. in whatever way, this damn thing really hurts me. when I am cautious, that means i am feraful...

it does influence you. In the morning pre-market, I was showing my wife how I did trade on crude. I said there are two major reports today, one is labor, another is house data. then I saw crude was sliding toward my short spot, I said to my wife, look, that is the short spot, I went short, and...