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  1. F

    Birth of a trader

    Lot's of opportunities today, but I only scratched out lunch money. I let the 05:30 news keep me out of a great long trade, and after my first trade I fell asleep at the switch and missed a great short. There were 2 shorts I had limit orders in for that didn't get filled because I was being too...
  2. F

    Birth of a trader

    Mixed feelings about today. My rules kept me out of the morning chop and news cycle, but they also kept me out of a winning trade. After the oil report, the 07:40 and 07:45 bars formed LH's and LL's with a close under the EMA, but the overlap was too much for me, so I passed on the short...
  3. F

    Birth of a trader

    I normally wait a bar for confirmation (not sure why I didn't today), and had I done that on Trade 3, I would have seen it as a long. Even so, that second lower high had me thinking the long side was done for awhile. I need to keep an open mind about these things. How soon after you reach 20...
  4. F

    Birth of a trader

    Try this ... wake up tomorrow and say, 'Today I'm going to Disneyland and it's going to cost me $100 to play(or some number you're comfortable losing). It's $100 to walk in the door (at least!) and look around. Then set your ATM stop at some fraction of that (half or third). That will give...
  5. F

    Birth of a trader

    Yes, plotting manually. I'll try using that feature tomorrow if I remember. I've found that sometimes the text gets messy if the trades are too close together.
  6. F

    Birth of a trader

    Today was very choppy with no clear, lasting trends. Managed to escape with minor burns. I didn't take the first short at 05:15 because I just got to the office and noticed it with only a minute or two to make up my mind. Since I don't like being rushed, I passed on that winner. Trade #1...
  7. F

    Birth of a trader

    Yes, fixed target of 25 ticks. I'm trying to learn 1 thing at a time. Step 1: find and enter profitable trades. Once I build a little confidence and can think on my feet better, I intend do exactly what you're suggesting. At least I took the training wheels off by eliminating the trailing...
  8. F

    Birth of a trader

    Made a couple of non-fatal mistakes today. Otherwise, a decent day. I decided to drop the auto trail stop, but kept the BE +1 move after 8 ticks. I changed my target back to 25 ticks. The overnight session was starting to give back some of its gains, so I wasn't sure which way things were...
  9. F

    Birth of a trader

    Taking today off. Good luck to everyone.
  10. F

    Birth of a trader

    How did you get 81.89? I don't see it. I'll try to grow a pair tonight, and if I do any trading tomorrow, I'll (gulp) hold on for awhile longer.
  11. F

    Birth of a trader

    Thanks FD, normally I do try to trade a little longer, at least on Tuesday's and Thursday's. MWF I usually take off at 10:30 to go to the gym for a couple of hours. I haven't yet cleared my plate of all distractions, and occasionally I have some pesky client stuff to do. Since the morning...
  12. F

    Birth of a trader

    oooooooooooooooo :) :)
  13. F

    Birth of a trader

    Tried something a little different today. I modified my auto trailing stop to just go to +10 when I have 20 ticks, then the goal was to manage the stop bar by bar. I also changed my target from 25 ticks to 35 ticks, and monitored the 1 minute chart. On the 1 minute chart I adjusted the grid...
  14. F

    Birth of a trader

    I try to target 25 ticks, but I think you're right - the auto trail strategy is keeping me from target in all but the strongest runs. Will do things differently tomorrow.
  15. F

    Birth of a trader

    Thanks again for the tips. My goal would be to handle my stops manually, but I really hate seeing 20 ticks evaporate to BE+1. The cost for that smaller trade is missing on bigger moves. Need more experience...
  16. F

    Birth of a trader

    Not much to report today. I was having some bad internet issues early this morning. I run NT and TOS side by side, and both were crapping out on me so I knew the problem was somewhere in my office. Trade #1 Price moving sideways under the EMA with the recent morning trend down. This was...
  17. F

    Birth of a trader

    Dude ... I'm no roll model. If something I do doesn't make any sense to you, there's probably a good reason for it. Maybe it was a dumb trade. I'm doing the best I can with what I've got. What I am sure of is that I feel this. Trading is what I want to do. I'm sure it'll be many, many more...
  18. F

    Birth of a trader

    It's Brook's father!!!
  19. F

    Birth of a trader

    Thanks for that NT tip, Pacaso! That did help. I'm constantly trying to figure out how big a bar is to judge my risk. I was reading somewhere about the logic of having a fixed stop. That author believed that the stop should depend on the situation, that there's nothing special about a...
  20. F

    Birth of a trader

    I like it!
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