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In my own experience - which is all of 1 month actively day trading futures is: you have to stay small enough so that your (or at least my) inevitable mistakes dont kill you I was extremely fortunate the market was chopping yesterday when I lost focus and I only lost 290 bucks had the...

I have realized that the reason no one else can teach you this stuff is - no one else can teach you how to get up the next day after a losing day --- and trade your plan the same way again you can read that in lots of books --- but no one can help you do it

I started actively trading YM on 1/2/08 Starting account balance --- $10,000 Current account balance ---- $12,764 Largest single day losses in the prior 5 weeks -$625 on Fed Day lesson learned: dont trade fed day -$590 holding a position overnight - lesson learned...

aka 'the upside of globalization'

I did the same thing yesterday on YM 'experimented' hehe net result was about the same as yours Have a good weekend

+380 on 1 trade delighted I woke up, got back on plan --- and stuck with it still shaking my head in wonder that I did 31 trades yesterday and lost 290 bucks another rookie lesson learned

-290 on YM

After todays er, ah interesting activities --- I am adding a rule to my trading plan 3 losers - your out for the day I made 31 trades today - way to many to even look back and try to understand what I did or why rookie mistake

Great quote I would add: 'I recognize my mistakes and learn from them - rather than repeat them endlessly'

lol ok - made a novice mistake and got torched -290 anyone else ever make this mistake? (c'mon be honest) I made so many goddamn trades I lost track of my open positions - and had 3 contracts on the wrong side of a move another mistake I hope not to repeat any time soon

Just out of curiosity How many of you guys were around during 70's stagflation (I was trying to get a job right out of college at the time - no luck) 87 mini crash (tending bar and partying heavily) 90's recession (fortune 5 job but still partying bigtime) 911 (bad bad time)...

What does 'LFT' stand for? Thanks

The stop on yesterdays open position got hit first thing in the morning (wont do that again) $-585 yesterday on one ill-concieved trade +$135 today on 27 trades (learning how to trade pivots) The broker made $94.5 so I beat him by the price of 2 good cigars

Yeah - I have some other questions for TOS tech support they cant answer Switching to TS tomorrow

1-10 trades per day 1 contract per trade YM only # of trades depends on how successful I am that day

Thank you - if you could pop the ym another +150 that would be helpful

1 Trade - position still open stop never got hit so I'm just gonna sit on it till tomorrow

hmm - Ive only been trading about a month - and the pivots are 'difficult' to make money on -- -so this is 'unusual times' --- interesting

If Im down 100 bucks on the first 2 - then 3 is too many if Im up --- then as many as I can make trading one contract at a time and closing each position before I enter the next

Their GL gives them some flexibility because they can do a quarter end close in less than 2 days --- many larger companies require 3-7 days in a good or even 'ok' quarter --- they can 'pre-close' quickly and decide whether to book additional revenue to the next quarter they do it all the...