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You are absolutely right. I was being kind of vague, because I don't know what a good goal for me is yet, and I had time restraints. I want to make 10 pts a day, consistently, but I look around, and don't see anyone posting that kind of stuff, unless those kind of people just don't post, which...

That person in the mirror is my biggest problem. that much I am certain. I saw for me, that my plan looks great on paper, simple trend retracements, low risk if you can catch the retracement near the peak, but huge rewards when the trend continues. BUT, my head has not really accepted...

Was wondering who was gonna bust me first on this. Diz, you da man. Seriously, I didn't know how to handle the longer tails on the 5 min. candle. So, I went back to the 1 for setups, but ended up watching the 1 for everything and not going back to the 5. I switched charting systems last...

on a 5 minute chart.

Trades on the 1 minute chart. 4 trades, 2 winners, 2 losers for a breakeven day, minus commissions.

So true.

It is 12:30 and I am going to be gone this afternoon and all day tomorrow. I am attending the Raleigh Promise Keepers event. http://www.promisekeepers.org/ . The Entertainment and Sports Arena is sold out. 20,500 men gathered for the soul purpose of becoming better men, husbands, fathers...

What I want to accomplish is to make the most amount of money, with the least amount of expenses, taking the least amount of risk. And I think I can accomplish all of this by first becoming the trader that know deep in my soul, I can be. The process of becoming that trader, is exactly what I...

Paper traded again today. Only one trade in the am for a point loss. Was trying some stuff out on the down trend this afternoon, and didn't want to trade, just watch how price moved. Lost my cable connection for about an hour early afternoon. And IB was disconnecting this morning whenever...

That is the same conversation I have had with myself for the last 18 hours. And this is not the first time I've had it. Basic Premise: With scalping or other short term positions, you need to have your full position on right away, because you don't have the luxury of adding to positions...

fyi... When My wife and I were dating, I used to make the drive from Harrisburg, PA to Morrisville, NC in 6 hours. From DC it would take approx 4 hrs., Richmond approx 3 hrs., VA/NC line you only got one hour to go!!!! Now, if I got the timing wrong, and ended up on the DC beltway at the...

Just a reminder for this Sunday. Any questions, let me know. :D

I feel good trading the 5 minute. Setups are clear, stops are clear, and the exits are getting much better. Need to learn to stick to my guns. Several of the trades would have been bigger winners if I was not such a chicken. Several of the guys in the room I frequent scale out of trades...

Paper trading again today on the 5 minute chart. Notes are on the chart. Had a real good day. Net for the day: +538.50 on paper.

Here is the chart with notes.

PaperTraded today only. Did not look at a 1 minute chart all day. And that is a feat for me. All the setups, targets, stops were based on the 5. The first couple trades felt a little weird taking. Held to my stop on the first and lost 3 pts, then it immediately reversed and would have hit...

Thanks for the chart. It is what I expected, given the other charts you posted in this thread. Conga-rats on the day. Anchor, gotta forgive the Dizzy, he's taken alot of flack on this thread cuz he trades with small stops. Dizzy, Anchor is a friend, and was too quick to congratulate me...

I am trading a different style tomorrow. Not looking at the 1 min at all. Only the 5 and larger timeframes. Only trading one setup, the trend retracement, and basing the setups on the 5 min chart. Stops will be based on the chart and price action, instead of # of points. If the risk is too...

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No trades this afternoon, just watching. Net for the Day: -284.60 Net for the Week: -848.00 Net for the Month: -676.80