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great point. I am struggling with hard stop loss and mental stop loss. I told myself many times I must use it. but my old me still objects to it. I totally accepted your point. I will use hard stop from tomorrow. I do not know how to get used to it since no-one is policing my trading activity.

I used mental stop with a small size. the problem with hard stop in day trading is can not filter out those little dancing move, often you may enter a little bit early or late, not exactly, you may get stopped out. I think hard stop is a good tool to manage risk, but should not be overused...

account decreased to $5987.77 change : ($55.5) not patient enough, shorted crude a little bit too early, missed NQ 1985.5 short because of no enough fund to do that.

account advanced to $6043.27 Amount change: $214.2 %change: 3.6% trades: 5 shorted CPBY in the pre-market, good timing, after the thrust, then down a little, toke profit too early. saw Natural gas suddenly jump to 4.330, hesitated to short it, I will question myself " if I do not bet...

account advanced to $5819.87 Amount change: $307.2 %change: 5.6% trades: 9 today's trading is ruined by KERX. bought Kerx at the opening, it did not act as I expected. then let this trade influence me late trades. I saw all are flying high, but because of this early trade, I became...

actually in a range-bound market, top and bottom can be easily pindowned. in a trending market, you still need to pindown pullback bottom/top or overshoot top/bottom to enter and lock profit. (better call them turning points) I think top/bottom picking is an essential skill a trader must grasp...

good point. beat myself, not the market!

good suggestions. well accepted. that is why I decide to post my trades after the market closes, I need peer presence pressure to improve my trading skills. because I can not see myself when I am trading.

analysis of friday's employment data, looks to me it is positive and encouraging. check out next week's economic news schedule and marked on my board. reviewing my last week's trading. I discovered several spots I need improve. 1. take profit too early, hold "hit the lottery and run" mode...

if you do not bet, you have no chance to win. if you bet, you may lose your chip. if you lose your chip, you may have no chance to gain if you bet, you may have chance to win if you have chance to win, you may not lose your chip if you keep betting, you may get more chances to win

trade 500 shares with $60-70 daily loss limit, almost no one can do that! trade FAS with 100 shares size with $60~70 daily loss limit is realistic.

account value moves to $5512.67 long natural gas after the report, gained 8 ticks on QG, should not use limit order to take profit, quickly hit. shorted crude at new long-term high, gained 0.28 point on CL/QG. I thought most people are scared of the new high, me too. I should buy it when...

march's performance (most gains are from my former account before 22k withdrawing). after the withdrawing, roughly gained $1k

I am a baby trader. I am still refining my trading methodology, so far my entry is good, but my holding is poor (too short), my ultimate objective is to catch major intra-day move, not several minutes scalping, that is too random to me . I will not join real time trading post, that will affect...

so far my account value is at $5136.57. I will set this number as my new starting point as April begins tomorrow.

I do not know what you want. if you just trade intra-day, former session's low/high is good enough, even half hour ago data is good enough, since what we as a trader need know is where it will be three minutes late or half hrs late, who cares those past data, those are opportunities lost...

that is diff-month's spread. May CL is a little different with June CL, and son on. I always trade the current month, do not pay much attention to other months' CL (not actively traded, low volume, hard to trade).

wrong, 52-week high for CL is 83.92, I traded that day, I shorted it at 83.2, and cut loss at 83.33 then it hit 83.92 in the evening just before next day market opening. then the market crashed to 68+. QM is different with CL, lots of time in thin trading time, QM may overshoot or overdrop...

0.3 point gain on crude CL/QM, shorted it after the report (second rebound) 1 tick gain on QG natural gas, shorted it at premarket at 4.060 (my kids got up early, I need take care of them, I kill it, it should be a good trade). school spring break, I get lots of noises around me, I could not...

if you can not determine what will happen, then do not do it. it is a gambling. I do believe the market's unpredictable characteristic (some times) creates lots of confusions and illusions. but in some time, the market's move is very predictable. of course, to distinguish the inpredictable...