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Jack, I'm still young trying to learn the market..

Nodoji, That's the main reason why I keep writing on this tread.. To track my progress and possibly cure my problem.. Hopefully tomorrow I will follow my rules..

Marketsurfer, You're actually right.. I know that too..I have that as one of my strategies but for some reason I'm not that good at it yet.. I'm still trying to get better at this specific strategy cause I know how well it works.. I'm sure you're good at it.. But what I'm more worried...

Mysteron, Hypothetically yes, if I had bought at 11-12, then I'd be up by a lot today but that was hard to have predicted.. in fact, I was surprised it kept going up and up and up.. What I'm more upset about is I get too excited to enter into trades and I can't help myself..

Oracle, That didn't make sense.. How can u be consistent if u don't follow your rules.. the reason why I'm not successful is because I don't follow my rules which end up making me emotional.. For example today, the market was trending down and I still bought a stock.. my rule is don't buy...

Day 3 experiment.. Today was a tough day even if you were disciplined.. However, I still bought a stock with mediocre setup and it failed.. I added 2 more strict rules today..

Thanks Jack for the advice..

Thanks for the suggestion..

Jack, How do you solve the emotions of the people you have mentored? The really bad ones..

Today is my second day of trying to be discipline.. I've added more strict rules and somewhat following it.. 1. My first trade today was a 10 cent loss.. My emotions started running high and I was upset with myself.. As you can see, I have more work to do.. These are the emotions I'm trying...

Thanks Steve for your help.. Nodoji - today is my first day adding more explicit rules on my entries and hopefully, that will help.. I'm starting to believe that this is the solution.. I will keep updating my progress here..

Nodoji, I bought PCYC knowing its gonna work and that's what I meant when I said I can spot great setups and be over 70% sure.. But as far as all my trades, I probably lose 80% of it..

emg, I'm starting to think that too.. The mental aspects of trading is just so hard..

The stock was PCYC.. I could care less about its fundamentals cause I'm pure technical.. The setup is a breakout strategy.. The first 5 min bar's high was 54.21 and when it broke that at 10:15, I was more than 70% sure it's gonna work. I was surprised how well it worked though since we're...

Thanks again guys.. Today the market opened and again I got too excited.. I got half hearted setups and I paid the price.. i was emotional and upset.. I did spot a great setup which worked as usual (70%+) so it compensated for my losses but Im not usually this lucky.. Maybe trading is...

Thanks Wolfpacker, I actually do know this and I do apply it to my trading.. But again, my problem isn't technical but mental where I get too excited to trade to the point that I disregard all the rules just for thinking I will make money.. I enter into crap setups even though I know full...

Nodoji, It's like you're reading my mind.. I thought about acting as a teacher describing my strategies before and because of your reply, I will actually implement it. My main timeframe is 5 min but I do look at 60 min as well.. I do also have 20 EMA on my charts.. You know your stuff and...

Nodoji, You're absolutely right.. I can read the market but I'm not trading based on my ability and it because of my stupid emotions.. it's always in the way of my trading. I'm grateful for many advice that was given to me here but I've done them before and my stubbornness still wins.. Maybe...

Thanks Steve for the advice.. Actually, 80% of my trades are losers because I'm impatient to wait for better setups.. that's the reason why I created this thread.. I cant control my emotions.. I'm probably greedy and want to be rich quick.. Technically, I'm good at trading.. i can spot good...

Nodoji, I know I'm not a mind ready.. I did say the outcome is random and anything can happen.. Maybe my mistake is I said 90%.. I should've said 70%.. Anyway, I've tweaked my rules a bit and hopefully, this will make me patient..