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I did a very bad bad bad thing today. I am up $455 on 3 trades. First trade just lost only 10. Next trade, I was expecting a big crash but shorted too early. Then I average down with a second lot as price was still moving up. Luckily it worked, the crash happened, and I rode the trend down...

That's a funny idea. A friend told me that HFT bots will try to trigger those stops. Make sense. It happens way too many times for it to be a coincidence. Bots can't tell if you're BSing the system.

I do not want to get job b/c that would means working 8+ hrs per day for close to minimum wage at some crap facility. Okay seriously, the best job I can find in this economy pays $10/hr and with that there's not much you can save after all your living expenses. I would be lucky to save up...

I've been using music with binaural beats for a few years. Mostly to try to relax or fall asleep with. I don't know how it can help you with your trading b/c they're more for meditation. There's a claim that it can also help you become more alert, but it never worked for me.

I'm up $130 on 6 trades with a 100% success rate. Not bad imo but could be better. I woke up early and made about $70 during pre-market hrs. Stayed on the sidelines at the open b/c was unsure what the direction was gonna be. Manged to enter a short half-way down, but put in a tight stop...

Today was another milestone. I am now up over 100% from $700 a few weeks ago. I am up $210. The move was really only a 100 dollar move, but I accidentally ordered in 2 contracts. I meant to entered only one contract. But it just happened. Luckily it worked out and I had the instinct to get...

Ha ha. You're crazy. Even if I wanted to, no brokerage is gonna allow that kind of leverage. Unless you want to give me your money... To tomdavis: No it's not luck. Success doesn't just come from a good method, there's also some skill involved. The hardest thing with the morning is shaking...

In the last few days I managed to bring my account from $700 to $1300 today with no down days. However, I could potentially make a lot more money than that but I'm stuck at making only a few dollars. The biggest one day profit this week was $180. But I want to be able to make a lot more than...

I'm up $50 on 2 trades. Today was a little like the 27th when I almost blew my account in half. I was up $100 on the first trade. It could have been double that but I got stopped out early. On the second trade I was expecting the crash to continue but I shorted too early. It eventually did...

Thanks to cstfx and luckylucy for the congrats. Today was another big day. I am up $180 on 5 trades. Again started out with a loss in the morning. I think I should just stop trading before the open as it seems I am more likely to lose money for some reason. Like yesterday, the first four...

I too was once an engineer...

Here is a chart of my trade today:

Today was a milestone. I've just broken past the $1000 mark from $700 two weeks earlier. I am up $155 on 5 trades. The first four trades were losers with a cumulative loss of -$105. The last trade was a super successful one that wiped out all my losers. I managed to be able to hold on to...

Today I tried to let my profit run. I am up $140 on 3 trades. My first trade I loss $70. Next two trades were big winners. However, they could have been huge winners but I got stopped out on both. I don't think the market will do much more today so I am quitting early to relax.

That's basically the same strategy I was suggesting, except that at one contract you don't have the option of scaling out half your position. An issue with trying to make consistent profit is that there's no guarantee that it'll always be like that. Another issue is that $100 per day is not...

I'm in your same situation, except I have a much smaller account so I'm much braver than you are. I have had multiple occasions where I would have made huge gains if I had hold on to my positions but settled with small ones out of fear. If you're making 100 per day consistently, that's...

Today was another crazy day. I managed to be up $85 on 7 trades. I started off at an $80 gain but loss it all on the next trade. Then the next couple of trades were half winners. Some of them were big winner, but my entries on them were very bad. I've been getting lucky this week, but...

I'm up $90 on 5 trades. First two trades ended up with small gain. Second trade was a big winner. Third trade was a high risk that wiped out the big winner. Last trade was another big winner that made it all back. Had two missed trade that would've been huge winners. Overall, I was...

I had the same issue when I was using tight stops. I fixed the problem by setting wider stops.

Here's a description and a chart of my trade on 7-27-2010. http://www.elitetrader.com/vb/showthread.php?s=&threadid=187235&perpage=6&pagenumber=208 http://www.elitetrader.com/vb/showthread.php?s=&threadid=187235&perpage=6&pagenumber=209 Anyone have any comments?