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Thanks for the responses. I just used 10 lots as an example. Obviously I'm not planning on trading that kind of size. I guess the point I was making was that it's possible to have a true edge in the markets and still lose money. But as others have pointed out, that's no different than...

I think the most unsung reason for retail trader failure is... COMMISSIONS. Let's say you pay $4.50 round trip and you're going to trade on average 10 ES contracts per trade. And on average you make 5 trades a day. So on average 25 trades a week, and 1300 trades a year. Ok, so 1300...

I guess all the negativity is to be expected in a business where so many fail. There will always be frustrated traders who want to vent, and soothe their bruised egos. Heck, I've been pretty frustrated myself on a few occasions so know what it's like. Fireplace & co should stop trying to...

Not to kick anyone when they're down... but the only way you can lose the farm is if you bet the farm. Just saying.

I'm interested too. Personally I don't like scalping, it's just too frantic for me. So even though I won't be trying to duplicate what you're doing, (despite your eye-popping results) I'm still always interested in trading methods that others are having success with. Plus, I've always...

I've had the same idea for a while. I think the way to do it would be to offer to teach someone how to trade, then fade their trades. You just have to make sure they don't know you're fading them, as that would probably effect their decision-making. The only problem is many losing traders...

+1 One of the best posts I've ever read on a trading forum. I've never used OTA so am not trying to defend them. But just saying there's no way to guarantee success in trading. If everyone made money then there wouldn't be a market. You need the many losers to feed to few winners.

Sounds too good to be true. ;) But I've found that simple is usually better so will be looking into this. Am looking forward to your continued contributions. Ain't that the truth. Already realized this myself over the course of this year. Realized my ideas were solid, but it was me that...

LOL - reminds of our tech support guy at work... recently divorced. Said it was a horrible experience, but at least still has a sense of humor about it. He jokingly said to me one day, "If you ever think of getting married, don't bother. Just find a woman you hate and buy her a house."

Hate to sound bitter but marriage is something I've turned totally sour on. I have no desire to end up in the place that some friends of mine have ended up in. Over time I began to notice the same relationship patterns playing out over and over again, in my life and that of my peers. It...

Hi Matcha What do your abbreviations stand for? I assume L2 means lower low and H2 is higher high. But what is BT? EMA gap? By the way, I got caught on that first short trade too. Though I entered it a bit later, around 8:20 on your chart. Looked like the first lower high after an...

Wow. I always figured that kind of frequent trading was a death wish on the retail level. Mainly due to commissions. I assumed frequent scalping was for professionals who have access to super low commission rates. Do you ever worry about the commissions, or is your trading at a high enough...

Did you consider that maybe this is all in your head? You seem to have convinced yourself that people will react negatively to your success, and this is making you feel uncomfortable about it. Perhaps this has something to do with your own ideas about success? Were you told that rich people...

Hi Matcha I got faked out on that first long entry too, I went long at the exact same spot.

Looking at the 5-min day session chart (SPY) there has been a clear series of higher lows since yesterday, so until I saw a lower high I was in "buy pullbacks" mode. When I saw the doji bar form at the 20ema I got in when the high of the doji was taken out. We also had VWAP and yest VAH just...

I saw some videos of the monthly winners a little while ago, and yeah, was pretty impressed with the huge returns. But what really got me was the video with the best trader of the year award... he had a "paltry" 150% gain or thereabouts. He was a swing trader who had a regular job, and was...

I did very well today, so not much to report. I did this more to get feedback on my mistakes so I won't go into too much detail on the winners. FYI most of my trades are in sim. I've tried some 1 lot live trades but don't have enough consistency to go all live. I figure it's better to...

I was reading part of Matcha's journal where Nodoji was advising her to stop trying to trade so many different setups, and instead focus on mastering just one. I wonder if I'm trying to trade too many different setups. I have tons of annotated charts saved and have a list of several...

I was leaning short going into the day. It looked to me that we were possibly putting in a lower high in the 10:45-11:45 est time zone. With price holding above VWAP and the 20ema (not shown) I thought a break below the lows of the 1327 level could make a nice short, but it didn't happen...

Hi I recently discovered this site and have been impressed with the calibre of the feedback I've seen in some other journals here. Brett Steenbarger says that practice doesn't make perfect if the stuff you're practicing isn't any good, and that working hard won't do you any good if you're...