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OP, I prefer to let the market make my case for me. The market should prove I'm wrong. This should mean the market hits my stop and I'm out and waiting for the next opportunity. If the trade has gone in my favor and pulled back to break even I reassess the situation like you said. Many times...

Over trading and jumping the gun. Understand and can relate to a time when this was a big problem for me. I have improved vastly and so has my consistency. I still make these mistakes but not as regularly and not to the same extent Best of luck(skill) in the new year. Let's make a killing hahah

Exactly... If you can't handle the heat don't go in the freaking kitchen. If you can't accept the risks involved in trading then don't trade in the first place. I accept the risks and I get rewarded for taking these risks!

Yes I have been in a halt which went against me. I had a 20k position and lost $20,000. It was a stock that was having major problems. I knew the risks involved. Couldn't do anything about it. It halted... Didn't reopen till the next day and I got out as soon as it opened. Was actually kind...

15 ticks down on the SPY and they turn the buy programs back on.... buy buy buy... a little downturn.... and then they turn on the buy programs again... This is what seems to happen on the market every day at the moment. There was a bit of selling on some stocks but on the whole we are still...

From memory it's 0.0021 Which is rubbish... Use BATS... Gives you 0.0027... More then EDGX at the moment

Nice one, it hurts when you take those hits. I was positive like 12 out of 13 days and on the 14th trading day I lost 65% of what I had made out of the previous 13 days. Managed to pull it back and have a decent month to boot. You have held your trade during the tough time (being negative)...

Well, I don't want to say it but... another FRUSTRATING DAY. That makes it...well let me see... carry the 1... minus 2... divide by pi... yup... that makes it EVERY DAY this month hahahah. Only 2 real trades today... Long 25k Citi @ $5.01 and added 10k @ $5.03... out at $5.02. I waited...

Personally I have never really understood the attraction of this strategy. I obviously understand how it works but I would rather just buy the strong one and trade it like that. For me I really dislike holding trades that go against me. With the pairs strategy you always have one position that...

Good post BM. Number 8 is one that I have a bit of a disagreement with you over. I think it is really important to have emotions but not in the sense of winning=happy or losing=angry. Winning is winning and losing is losing... it's part of this business. However where I think we should let...

Agreed, it so true that having that extra buffer of being in profit makes a pull back much easier to handle. For me sometimes its a 1c difference on Citi which means whether I keep my trade or give it back. The being in a profit or experiencing a loss is usually the defining factor. I give it...

Another boring day for me. Went to take lunch and came back in to see a massive red candle on the SPYs. I was like wow... what's going on? Then I was like... hmmm its actually only 40ticks. This is how much this market has lulled me into sleep that a 40 tick move makes me excited. Sad...

Actually after reading your other posts... ignore my reply. Pretend like I don't exist

Fake trader... hahaha. See my journal... there are enough screenshots there to show I'm not. I just took small size. I did it more to see if my read on the stock was right. Haven't been taking much risk this month as I don't see the $$ there at the moment.

I noticed LDK but it was just sitting in a range. The other 2 stocks really ain't my style. Even though its high volume for that particular stock I prefer not to touch them when they are doing no more then 2m in a day... Not that there is not $$ there I just don't have a lot of experience...

I noticed it was a rough day on COCO today. Obviously the analysts don't agree with you. Curious to see how you traded your position in that

Well, today was another waste of time. I think its one of the few days for a long time I have traded less then 100,000 shares in a day. I'm watching this market and I can't stop thinking... there is no point risking anything. This thought just keeps going though my mind and keeps getting...

I shorted into the halt... the price action said down to me. I came on here waiting for it to open back up... saw this thread and thought... nice... I'm on the right side hahaha

yeah they charge you now for adding liquidity. 0.0018 cost. 0.0014 rebate for removing liquidity on a per share basis It was like EDGA before but after this change its more like using CBOE. They were getting killed volume wise by the introduction of the BYX route so I think they changed it...

This thread should be about how ones ego is a major problem for many traders. The curse of wanting to be right rather then make $$. But continue with your quiz and massaging your ego...