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this post has a long way to go. Hehe I am sorry to hear that you had to close your acount and go. It just remind me when I am 25, or in fact when I am 23. I am 29 now by the way. When I am 23 lady luck is with me I strike a small lottery and my company has a retrenchment and got a pretty...

My challenge to this chatroom and myself. For the next 100 trading days I will not violate my trading rule. I had a day job and my order is pretty standard to my broker. Buy at stop. Once in entry enter stop loss. Towards the end of the day exit at MOC if not stop out. I presume there may...

I use tradestation 2000i for my backtesting. Good suggestion maybe I should write whatever I want in a notepad.

the worst thing that I can do is paper trade really my paper trade rarely last me more than 2 weeks. Paper trading is a boring task. It is not the questioning of whether my system is working or not as I have done a backtesting and analyse the results. Drawdown with a mere $2000+ max consec...

Just receive the CD yesterday. Was a little disappointed on the whole. I didn't know what to expect from the CD. When I pop it in, it started a hypnosis session telling you to relax from head to toe, then some positive suggestion will be suggested to your brain. Not saying it will not work...

Day 1 after I start afresh. Today is a No Trade Day. I am not suppose to trade at all. So far market open and I am follow my rule. I have made it a point to follow so no question about it. If I trade again I have violated the rule. Will post when market close and let you guys know if I...

I really do not wish to violate my rule again at least not for a few month down the road from now. Anyway just talking is useless. I actually had quite a big amount in my account I think I can trade up to 8 - 10 contract at any 1 time now of course if I trade the maximum I would hit margin...

ya good question I guess this is the problem a lot of traders face. Losses is part of the game we just got to accept it. All of us know this since day 1 before we trade but to implement it is another story. Everyone know we should cut loss let profit run, shouldn't goes against the trend...

all of your post is valid. My system only trade once a day at most if any. I did a revenge trade trying to make back my losses. I had the discipline to put in my stop and never withdraw it. But when it hit I want to make back my losses. In Apr and May I did get hit but at that time I am more...

my 3rd trade since I started this post. System has a short. My order is in, put in a stop loss order was stop out everything work accordingly to the system. This is just another losing day. Was watching the market see it too high got to back off. Went short (no system gut feel this time) stop...

hi my day 2 I was discipline enough to execute my trade. A win also. I left my order with the broker, think much better. guess it help me with my discipline if I post my discipline here :) anyway now I leave it to the broker to execute

this forum is great, it is like a journal of myself. I will try to post my results everytime I had a trade. It make me think and think again if I violated my own rule. It make me put my trade in writing. I never really had a habit to put in on a journal but I can put it in a forum. It is the...

greeting all today I follow my system and traded accordingly altought my exit (executed by broker costs me quite a bit of slippage today normally I get good filled but today filled was bad) I am glad I follow it and I think it is easier for the broker to pull my plug for me rather than I...

Thank you all for your advice. My short position turn out to be slightly in my favor when market open this morning. I did not buy back my short at market open. After about 5 mins I put a buy stop order 1 ticks above the high and was filled. I am damm lucky that breaking this rule has...

great good luck to you. You have found yourself a great system now all you need is to follow and trade it. But for me psychologically this system need more fine tuning. I cannot trade a system that the stop loss is many times higher than the profit objective. Personally I find it hard to...

20% that is really a lot to me. What is your system maxdrawdown?? if your profit is 3% and losses is 20% almosts any kind of such system will give a pretty good percentage in term of winning trades. Simple question A stock trading at $100. What is the chance that it hit $103 and what is...

I didn't like Jake Bernstein but after looking thru the contents of the CD. I think it is a good way to start building up psychology. I am a very bad discipline trader. I just place my order on Friday after I break 1 of my rule. A little pricey to me but if it help me save money over the long...

happy to take a loss yes this is what I really need to. Sometime I tell myself if this trade is a loss I am 1 step closer to a winner. It help sometimes. Anyway I think for the next few months or at least till the end of the year I will try to be a discipline trader. Regardless of my position...

Hi I am new here but had been writing and testing system for the last 5 years. I am a pretty good backtester but never a good trader because I had serious discipline problem which I am trying very hard to overcome now. Anyway looking at your post I had a few question. Not asking for your...

Hi I started this thread because I find myself a very lousy trader when it come to discipline. It is easier to develop a winning system but following it is very difficult to me. I had some success early this year(jan / Feb) but on mar 2003 I start to increase my contract size instead of...