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Looking back, it's obvious that my strong tendency to always come up with a new and better trading method has made me ditch methods that may very well have worked over the long run. I think I enjoy analyzing the markets more than earning the money. However I don't regret, because I think it's...

I don't have any profit target at all at the moment. Since my recent history shows borderline loss/breakeven, the current target is just to get the curve in the right direction. My focus is on discipline and methodology, and the rest will follow.

By signal I mean entry signal. I trade on price action. A signal can be a pattern, or the price reaching a certain point relative to prior price action. It's somewhat intuitive. I call it a signal, if the price reach such a point that I'm looking for. Exits are the same, based on prior price action.

Be patient, your conclusion is a bit premature I would say. But it's a good bet.. about 95% chance for you my friend.

Wednesday 24.Sept. 6 trades, 1 breakeven, 5 loosers Net (299$), (loss) 5 signals 2 taken 2 taken in wrong manner Losses: 1 wrong entry level, due to use of market order in spike, hence stopped out 1 signal stopped out 2 misinterpreted signals, stopped out, should been winners 2...

hoi! Is there really something like an unlucky trade? I've lost many trades, but never felt unlucky, more like an idiot. :) I don't really focus on any positive profit number, not for today, this week, or by a year. Still I want to have a goal, something to reach for, to measure up to...

:) I really enjoy reading your posts. Sure 95% don't make it. But that means we have 5% who succeed. That's 5 out of a 100, 15 out of a class of 300. Those odds are really not that bad. Compulsive: While many believers will not make it, I'm pretty sure that no-one who didn't believe...

Neoxx, I'm sure it's very possible, and understandably often many benifits too, on the mental level of trading. However in my case the job just took too much of my time. Lots of overtime, even though totally my choice I was kind of stuck with it in my position. so it pissed me off that I...

Do you think my chances increase if I aim for 0 ?

hi, 1 contract at the moment. Probably keep this until balance at 5k.

Appretiate it! Wish you the best too! Don't trade more than you afford to loose.

Thanks Neoxx!! I do have some experience trading the YM. Tried before without success. Live in Europe, so if I wanted, I could have a job too, but need to trade full-time in order to be serious.

Since I started Monday, I post updates for first two days: Monday 22.Sep. 6 trades, 3 breakeven, 2 loosers, 1 winner Net 57$. Tuesday 23.Sep 4 trades, 2 loosers, 2 winners Net 256$ Signals identified: 5 Signals taken: 1 Other: 4 Mental: second guessed market action.

Thanks for the inspiration folks! :) hehe, I expected it more harsh.. One thing though, I've earned sufficient funds not to rely on any income for this coming year. So this shall not be a stress factor. Sure, I'm not hiding the fact that I haven't been profitable, but I have a really...

Just funded my account with fresh 2000$, bringing it to 2505$. Goal is to magically transform this to 100k. This shall be achieved in 1 year. My trading will mainly focus on trend evaluation and support/resistance. I will trade the YM, at least until I find advantages with other markets...