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Expectations... Why do most fail? Probably because they have not done their research and do not posses the right behavioral traits (and do not understand they can be fine tuned and learned). Also, how many of these failed traders want to make millions? I would say most fail because their...

I highly suggest trading e-mini contracts. Trade small size, 1 contract/1 mini lot FX... It seems extremely trivial, but if you have a good system, perfect it with tiny size in futures and FX. Later on, after you rack up some profit, then leverage more. You need to build confidence...

omfg lmao! :D :D :D :D WOW...wouldn't those kill your back??

Nah, I'm not extreme in the least. I wake up, shower, head to the office, buy a donut or two and plop down in my big comfy chair... And sometimes I take an afternoon nap. I'm very extremmmmee! LMAO. :D funny post.

I knew someone who lost 14k in one trade in the matter of, 4 days. The person went short on a popular oil company (GDP) during the start of the Crude run-up! I told him to cut his loss at 5$ a share or so...Instead he waited, and waited until he was -14$/share. Imagine how that feels...

Listen up man! Watch out! You're now falling into the spiral of loss. You need to stop trading and clear your mind. You are most likely OVER TRADING! 1 trade a day is usually all you need to make a TIDY profit! Let me give you an example... Had I not slept in, my system gave a signal...

About that trade you took a few days ago: Double tops are usually good spots to sell. But sometimes you should wait to see if they push the market higher, to hit your stop. Market makers love to push a little higher or lowers to gobble up those stops... Sometimes a predictable chart...

You said you use a hard stop on your first post... Obviously that's not true! If you stop out AT a profit, it's still a stop. I suggest you define your system exit conditions. I usually place a stop at my break even point, and I don't move it unless I've got 100pts or more profit...

I understand what you're going through Lil Lex. As a trader, the only way to grow is to simply force yourself to improve. If you don't, you'll never grow as a trader or as a person. I like the fact that you're using a journal, and it shows you have the balls to at least allow constructive...

Haha, double digits? How about FOUR digits? X,XXX or how about five? XX,XXX. Loss is a lesson. Eat it and digest it... Then get over it and slowly make it all back. It's very possible to bring it all back and more. I know this because I have. Afterall, we trade with RISK capitol, and...

Dear Lex, I hope you read my post. You must have much larger point gains to win in futures, or else your stops and small profit taking points become big gains for other well seasoned traders. The way to catch these large 100-500 pt moves is to use a large SMA to find the points of...

OH and by the way, risking 15 to make 30 or risking 50 to make 100 is the same deal. It won't get you anywhere! You need a R:R of 1:3 or better. I have traded as high as 1:10 ! risk 50pts reward 150pts 1:3 Example: Trade 1: risk 50, earned 150 Trade 2: risk 50, STOPPED out...

Dear Little Lex, I was browsing the net in search of my own advice and I saw your thread! With all due respect, I want to help you. I couldn't help but to reply. First of all, I've been trading for a little longer than you. I've gone through painful learning lessons and I've also banked...