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I was having a really hard time today. I couldn't figure out what the market was doing. It was painful too. I had 2 trades this morning and both hit the stop limit. I observed the market for the rest of the day but never got a feel for it. My third and last trade of the day was as bad as the...

Here are today's trades Trade 1: Short -4 Trade 2: Long +18 Trade 3: Short -13 Trade 4: Short +9 Result: + 10 I started out the trading day/week with a terrible trade. Fortunately I was aware of this almost immediately and I closed it straight away. The first loss is the best...

The ultimate goal is to be able to trade for a living. As you are certainly aware, learning to trade well takes a lot of time and all those mistakes beginners tend to make cost a lot of money. Just like in real trading where you use stops to protect your capital, I intend to you use a stop...

I feel like I have made a lot of progress since January. At the very beginning I didn't really have a trading plan. I was just taking random trades. I am sure I do not have to tell anyone how that turned out. My trading improved slowly but constantly, especially when I started writing down...

Contract: YM Lots: 1 Timeframe: intraday Stop: max. 15 points I like to keep it simple. I am mostly working with support & resistance, trend lines, MAs, Bollinger Bands and RSI. In general, I hold on to my positions for less than 30 minutes. I never keep open positions over night and...

Hello everyone, I am starting this thread hoping that it will turn me into a better trader. I have been trading the YM mini dow futures since the beginning of the year. I have made a lot of progress and I have had several profitable weeks. Unlike other traders who aim to turn 1k into...