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Never before I would be so happy about a -$200 day, but for a moment today I thought I was out cold as my P&L said I was down $1300, and perhaps more importantly a carbon copy shooting performance of yesterday as I missed everything I took. What a gift that afternoon rally was, without it I...

Yes there will be an October journal. Yes I can take stuff overnight now that I have about 20K in my account, however, it is very dangerous as Magna said to mix them up, and I would like to focus on intraday for now. It is too easy to mix them up, way too easy. Rtharp, glad to hear that I...

Zentrader: My sincere apology, as I wasn't aware of your trading vehicle/background/experience/size. It was a very frustrating day for me, started with inability to put up bullets when I most needed them, then a bad execution on my part on a bad trade, and final hour mental collapse...

Babak: With the exception of lottery events like IPO's, stock options, inheritance, name one successful individual who makes mid six figures without taking him/herself to the limit for a few years at least. Sniper: I think one of my weakness is that I always want to catch as...

There is a very real correlation to how much effort you put into something and how much you make. Goldman Sachs start preparing for its trading day at 6AM. It is like someone playing basketball in the park questioning why professional players go on strict diets and do a tons of weight...

Only if you short into squeezes, or 300 shares. Try shorting any electric utility stock this morning and see what happens, or energies . . . I hate to say this but anyone who doesn't consider bullet a huge advantage has never used them.

I think you are comparing apples and oranges here, your result mean nothing until your trades are actually closed, and as a swing trader I don't think your daily P&L mean anything because of overnight positions. If you trade size you pay a lot of commissions, and if you churn, you pay a lot...

Where should I begin? About once every month, comes a game which I blew the open, get very upset and force myself to keep putting up shots into the final hour, and eventually destroy myself by taking on a lot of unnecessary damage. Today, going into the final hour I had that feeling in me, and...

The hardest part in day trading is . . . Commissions, that's right, you heard it correctly, commissions. Very few traders at my firm are down big in term of gross, but they are down big in net. A lot of us would be making incredible money if we don't pay commissions, it is a trader's...

Simple answer, a profitable trading style. Every single trading style has its critical weakness, and if you don't see any weakness in your style then you don't know how to trade it, this applies to even the best of the best traders at my firm, traders who make a million a year know exactly...

A few blown lay-ups turned what should have been a four digit game into another blah. +862 before commissions, +374 after, 13400 shares on 7 of 15 shooting, 3 bullets. Pre-Market: The piece of news that ruined my day, 3% increase in oil price, daily charts on energy screamed shorts, didn't...

Nico: You may considering up your size/trades, I don't know about you but it is almost impossible to make top tier money without going really really aggressive. You may be at a trader's block in term of learning curve, the stage where you consolidate and don't seem to be learning...

Brutal shooting as I got the direction completely wrong off the open. Anytime the market is as oversold as it is, the first bounce always sticks. I was the under influence of Mrs. D. and another trader who planned on fading the gap. By the time I switched to the long side the open was over...

Took a total gimmick of a day to score my first four digit game in almost 2 months. My game seems to flow a lot better since the removal of indicators, and while I left a tons of money on the table today, I am happy with my progress, knowing once my confidence, concentration and rthyme are...

I meant hammer, lol, shooting star is the other way around. I had a few hammers today (in fact if you go to www.stockcharts.com there were 90 hammers versus 6 shooting stars), I was really surprised market sold off as hard as it did. Most of the hammers were doomed to fail this morning but...

In my opinion, bollinger bands work very very well in futures sensitive stocks, very liquid ones, but I trade a large variety of stocks and a lot of them are small/mid caps, and they are driven by pure supply/demand, tape action, and tend to totally ignore it.

To All: This market is NOT tough, my firm is having a HUGE week, the % of people positive before commissions is a stunning 83% last 4 days, while when you factor in commissions it will definitely be lower, but the numbers don't lie, 2 of 4 day's this week should have been awesome games...

An average game as I had a fast start but failed to back it up with size and could not get a true break out game. 4300 shares each way on 3 of 4 shooting, +754 before commissions, +593 after, 1 bullet. Last night I started doing nightly chart sessions again, and this morning I had a long...

It was not a typo, and the top guy made 101k today too, today was a carbon copy of Monday's numbers.

A very poor effort but it is a start to break out of this cold spell. +478 before commissions, +292 after, 8200 shares each way on 5 of 10 shooting. Another record day for the firm but for this trader the priority is to get out of this cold streak, tons of opportunities today but there was...