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I mean gradual progress... as it is said below, it is hard to pull trigger when you have only 20 bullets. You can be out of ammo in no time. Company wants us to scalp, it is what I am doing. but need to make more on winning days to counter losing days. This is the direction I am working...

BTW, it looks like Caleb's Fooled by randomness was written exactly with examples from Options or some other derivatives. Options look to me like something where someone can make money for some time regularly but then lose everything in one trade. I remember one guy worked with me. He made...

I cannot find any such thread now. It used to be a lot of them before when traders showed there daily P/L. I remember seeing Szeven starting his career in 2005 at one of those threads. Where can newbie like me watch those successful guys talk by the way? :) I see a lot of negative stuff...

Yeah, now this is what I am thinking. I think for a start I need more confidence in what I am doing. Generally, graduate progress and improvement will deal with this. I used to be more fearful few weeks ago, but I nevertheless push the trigger although not that often as I want. From my...

I concentrate only on financial stocks: MS, FAZ and WFC. I also try to follow BAC, C and JPM but I barely have time to follow first 3 and thus 90% of my trades has been MS.

No, they are not profitable. I see level that holds and set limit order. Then when price approaches and I see either too many green or red prints and think it will not hold I cancel the order before it is getting filled. In most cases it would be profitable trades. By profitable I mean it gives...

Ok, I have read Fooled by randomness so I get what you mean. Black swan is ok, I am scalping so I do not care about those black swans. If I keep stop loss and have proper money management black swan means nothing to me. I have no position left opened at the eind of the day and I have no...

I have opened daily chart. 1H, 15Min, 5 Min and 1-2Min. Setups can be trend following buying retracement when bottom confirmed. Can be contratrent when trend is overextended. Can be range trades. In all cases I wait for price to show me some top bottom to have stop loss established.

I have much to learn.

That's very true. You cannot imagine how many orders I cancel and they get profitable. I am being very careful now. I think I lack experience with stocks but gradually gaining it. I am thinking in ticks, not in $. The progress however is noticeable. My winning streaks are getting longer...

Right now my goal is to make 10+ ticks daily with maximum daily loss of $20. If I follow my plan and patient enough, math should work gradually for me this way. Today I made finally 10 ticks. Yesterday was close. Obviously I trade only when I see set ups present . Better to have 0 day then - day.

So far I have followed my plan. I have never had one, so I guess I do not know what i am actually looking for. Probably some insights, good advice :)

You are right. I am trying not to think of money or anythng while trading. It would be good to see it as a game actually.

I understand what you mean. My expectations are very modest, I understand it takes time, so let's see how things will develop. I have seen guys who made it and chances are higher to make it while trading prop than own account. My cousin made it actually with Swift. Generally from what i have...

I think telling someone that his chances are nearly zero is not very encouraging and I am going simply to ignore this. I am not the one who expects immediate results and I am taking it step by step. If to add hours I have spent trading Live Forex, I have accumulated at least 6000 hours by now...

I have read all of these books and then some. it's time to put it into practical trading but I am always on lookout for interesting reads regarding trading. I am watching only SPY for now. But it looks like we cannot see Nasdaq.

Tahnk you for this information however I really do not care about what odds are against me. From what i see i am making progress. I have been trading Forex for a while so, I have idea regarding all those indicators and support/esistance. Stocks are obviously different. I have no idea how long...

Ammo, than you for advice. I trade Live from Title Trading office actually and at least half of my trades are made with limit orders so, most of the time I even earn by providing liquidity. I am trying to catch bigger moves, but not always can make it. Today I made more agressive trades in...

Thank you wiesman02, Yes, the lack of experince is obvious. I can trade already more than 100 shares but ia m holding back. Want to make sure things work. Yet another good day. Finally made $10 today. I trade only financial stocks. MS, FAZ, WFC and think of C and BAC. MS is the one I...

Monday was ok. But obviously could be better as I went long MS at 29.20. closed very early. I wonder how price action and tape camn give me a clue to stay in trade longer. so far my biggest winners were up to 15 ticks.