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    November Trading Journals

    A gift of an open as I saved my best performance for the last game of the month. In what should have been an incredibly difficult game in a choppy choppy broad market, I lucked out with Goldman Sachs upgrading half a dozen home builders this morning. While I could have easily had my first...
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    November Trading Journals

    For me, the market has been extremely unpredictable last a few games. We know the market wants to give back some of the gains, but the bulls would not give up any easy ground, so whenever you are bulleting stuff you have to be on the edge of your seat for these big squeezes that come out of...
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    a plan

    I have been trading for a little more than a year and I can only average $200-300 a day. If you are starting out and manages to average that, that's awesome! It takes winning days far more than $200-300 a day to actually average that a year, as you will inevitably have down days. Be ware...
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    Trading Journal, November

    There are people who made a killing on DYN/ENE and sympathy stocks EPG/KMI, and brokers/semiconductors. The numbers are very uneven at my firm however, the top 5 averaged more than 20K which is far more than anything we have seen last a week or two, but the percentage of positive traders before...
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    November Trading Journals

    In a game that I had to win to avoid my first back to back loss since the end of September, I opened with 1 for 9 shooting. While I did a good job minimizing the damage, I could not get that one big shot to turn the tide. 28400 shares on 6 of 17 shooting, +566 before commissions, -253 after, 3...
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    November Trading Journals

    1:12: Thankfully, futures made a run for 10K which was my saving grace. Chunred more DO and EPG but took AGE at 44 on what I thought to be a broker bottom, took HD at 43.50 on what I thought was a RLX rebound, and futures started to go up even more, took STM at 34.86, no reason for a semi to...
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    November Trading Journals

    The ten games winning streak came to a bloody conclusion as I was blown out of the water right off the open. The pain almost paralyzed me as I couldn't believe how hard I was hit in such a short period of time, the damage was amplified as I was on a mission to up my size just a little this...
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    Are trader's skills really important?

    ***You can have a good result not because you're good at trading, but because your strategy had worked with some certain market behavior in the past. That market behavior is beyond your control.*** Well, then you can say while there may be equally talented and hard working individuals as Bill...
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    November Trading Journals

    Intense game as I made it a mission to take more shots with slightly bigger size today, and it was very difficult as Dow went as close as 10 points of that 10K mark, and would not break through. The result was a market that didn't want to sell-off but didn't want to go up either, but thankfully...
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    November Trading Journals

    Dottom: ***Those of us with ambition hope to one day run one of those large funds, which we cannot do with discretionary trading 100k shares per day.*** That's the comment that got into my nerves, I have had many system versus discretionary discussions, and when someone averaging $250 a...
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    Are trader's skills really important?

    FIREHAWK: "These are not new questions and have been studies in academic circles for many years, they ARE legit questions. Then there are those who just choose to believe with little or no evidence." Wonder why I left college? Because I felt academic is total garbage, people who...
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    November Trading Journals

    Turok: ***Please tell me now this is relevant to my point that for many people there is a HUGE difference between trading their own money or someone elses.*** For me, there is NONE, and I don't think there should be any. You are out there to win not to lose ain't you? Doesn't really...
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    November Trading Journals

    He can post whatever he wants on this thread, I have absolutely no problem with that, at Monday's close you will still see my trading journal doesn't matter if there was one post or one hundred post between that and Friday's journal, if I think someone is rubbing it in on any thread, I will let...
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    November Trading Journals

    Dottom: ***Treating everyone else like shit based on your rules is counterproductive*** On the contrary, you absolutely must set a very strict parameters on whose idea you buy. For someone to be trading for 8 years and averages $250 a day, and tell other people that their technique is...
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    November Trading Journals

    ***$250/day is only from my day trading, which I am approaching conservatively. I started as an EOD trader and have made a lot more from EOD trading than I have from day trading.*** Do you still EOD trade? How have you been doing this year? Last time I checked whenever I talked to you about...
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    Retail, proprietary, institutional, floor...

    Institution > Prep > Retail. The more capital you have access to, the bigger size you trade without blowing up, more successful you will be. Obviously there are losers at each level, but the winners win bigger at an institution, plain and simple. Of course, when it comes to personal freedom...
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    Are trader's skills really important?

    DT: The flagship of my posts is brutal honesty. I criticize myself as hard as I criticize anyone else, and when I have a bad day / trade I don't blame luck nor market. When people ask me questions, I don't sugar coat stuff. Read Neo's posts about his chance at making it, and I told...
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    November Trading Journals

    ***Been trading 8 years*** ***I'm only averaging $250/day, but I'm also trading very conservatively. Those of us with ambition hope to one day run one of those large funds, which we cannot do with discretionary trading 100k shares per day.*** I don't mean to be a jerk but 8 year's worth of...
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    November Trading Journals

    Is it 9200 shares each way or 9200 shares total? Even if it is 9200 shares combined it still beats mine by 800 shares, that's two extra shots which was probably the difference of the game on a day like today, where it is pretty hard to miss after say first 30 minutes or so. Also I stopped at...
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    Are trader's skills really important?

    DT: No offense but posting something like this on a board with people fighting in the trench everyday make you look like some pathetic loser PHD who wrote a book on market analysis but doesn't trade for a living. I am going to offer you the same advice a senior trader offered me...
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