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Back on the usual today. +2200. Cut back to 5. End of Mar

-3000 today. Same exact thing as yesterday. Violated my plan of 1 long 1 short per day. Instead took 2 short and stopped trading. Both these trades were 10 lots and a reversal at either point would be all that's needed for the day. Each trade risk was 1.5 points. Going back to 5 tomorrow...

-4,500 today. I don't think I bought today, except for covering. I had minimized it to ~(400) at one point, but I didn't get out as statistically most reversals fail probably esp cuz I trade off 200 tick charts, hence the -4500. By the time the market had shown a reversal, I was going to hold...

Yesterday and today I had intraday drawdowns of -5k and -4k respectively. There is clearly one big problem as I've stated before it is trading counter trend. I have come up with ways to prevent this but haven't fully enacted them yet. It has to be either not taking back to back same direction...

Sigh... Your number one problem is taking too many trades. I watch an index on a timeframe close to yours. There are wayyyyyyyyyyyyy toooooooooooo manyyyyy 1-2-3 setups to take them just on that basis. On a 500 tick chart you will be simply grinding yourself into shreds... Also, you are...

M +1,580 Tu +920 W +920 Th +1,650 Fri +690 (pre commission) Still very low for trading 5/6 lots this week (down from 9). Last week I was over trading with 9 and getting too excited and not thinking clearly. This week I exited several of my winning positions with little good reason. The...

I took 3 counter trend trades on the H RLM contract today, and was down about 5k at one point. I managed to regain over half. Price was sluggish and the bars were not forming quickly and longer than usual. Thankfully I was only trading 5 lots. Didn't realize till 10 am that the reason the...

No. I was done today and most days entering positions around 10 am (starting at 0630). Even though I made mistakes today, I am positive and I made more than I currently earn in 1 day of work at my job, 630-1600. I need to fix that, I actually just received my tax return for last year, and I...

With all the posts in this thread, it's clear why most traders fail. If you don't believe it to be possible, it won't be. I think I knew at some level I'd always be a great trader when I started, but didn't fully know why until recently. I will never stop knowing I can make 7+ figures a year...

Guess I should be happy to have a positive week, for all the lack of self control and plan violations I committed this week. From my studies, the majority of the time there are 1-2 trades that most often capture the majority of the trend in a day. M +900, T -800, W -800, Th +10, Fri +1400...

Thinking of completely forgoing trading tomorrow/Friday. Today and yesterday, I took unplanned trades that resulted in relatively large losses. At 1 point yesterday I was down 1500, but managed to recover a little over half. Today I was down around 2500 and recovered all but 800...

Hopefully by posting this publically it will somehow accelerate my trading success... (on top of my personal paper journal/picture trade log) Yesterday (and many days before) I will have the best possible entry, and cut my profits short so painfully it feels like someone has kicked me in the...

End of Feb

-900 m +700 tu -200 w +1300 th -200 fr I think the total is about $700. As always, very low compared to what is possible. Focusing on the $ is not the proper mindset. I guess the number one thing to work on is reversing my position quickly once the market tells me I'm wrong. Several...

You need a new option "who cares, trade price"

End of week. Found out 6 yr old laptop died Tue AM, and even though I had a new one by Wed morning, I wasn't focused on the market like I should have been. Traded Thur/Fri, made around 2.3k for the week.

Lot of respect for you, you've been doing this longer than me and I have yet to achieve your results, but I can't believe you don't know why these types of moves happen. If 95% of traders are chronic losers, what caused all that movement..? hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm And you were...

It is the day trader that makes day trading hard, and nothing else. And I would rather it drive me crazy than suffer a mundane every day life. I've written about automated trading before. I don't think it's possible to program a computer to interpret the market as well as a human. If no...

I'm questioning the usefulness of posting here. It seems to just make me angrier on days I screw up. I should have made money today, which would have been the fourth day in a row. Instead I was selective and picked 1 of 3 trades I have planned. I had a planned long around 1120 that I...

1 Loss, 1 win. No more after that. Studying the balance between supply demand as it's happening seems to be well worth it instead of looking at just one side of the market as I was before.