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    NoDoji's Day Trading Log

    I think you almost there. when I phase into bussy work at night when everyone starts to sleep, I start to work on my next day's trade, metntally prepared several scienio, then next day when I do it, I get better results. the market moves fast, when it opens, you have no time to think or...
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    NoDoji's Day Trading Log

    for a beginner, better find good major support or resistance, then buy or sell. wait for a day or several days to let the trade work out. just like learning to drive a car, pick a wide road or a big park lot to practice driving, not learning driving in a major bussy road to do that, that may...
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    NoDoji's Day Trading Log

    there is tradeoff between a wide stop and a tight stop. for wide stop, the odd of being stopped out and then end up in your favor is very little. for tight stop, the odd of being stopped out and then end up in your favor is very high. if not disciplined enough, overtrade, added up, maybe...
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    Trader P/L 2009

    $771 worked a little bit long, did not get more. bought HWAY at 18.0+ and sold it at 19.0+ with 1kshares shorted crude at 80(second time), nothing happened, wait the stop loss 80.3 got taken out. with 1 contract. did some 1st grade math, and I found I netted $771. happy weekend
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    Trader P/L 2009

    1.3k caught SDXC from 18.3+ to 19, then shorted it from 18.95+ to 18.3+. two trades, hit my maxiumum trades number. it seems to me I can do more. but the damn idea of keeping profit restrain me from doing more. particlarly when I was trading SDXC, I saw NQ jumped from 1744+ to 1755, then...
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    NoDoji's Day Trading Log

    sim and real are totally different. if you have 100k account, and if you lose 1k, that is 1%, you do not need in a hurry to cut loss. if you have 50k account, and if you lose 1k, that is 2%, same same. if you have 5k account, if you lose 1k, that is 20%, big drawdown. if you have 2k account...
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    Trader P/L 2009

    the sun shines again today when I relax well, rest well, sleep well. 2.6k caught SLM from 10.0+ to 10.8 with 1kshares and SNDK from 23.3 to 23.8 with 1kshares 1 contract crude 78.7+ to 79.9+ with 1 contract. I broken my rule today, my rule is just maximum two trades. somehow, my mind...
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    NoDoji's Day Trading Log

    what is experience? experience should be you really did that, then become expereinced; if this time you did, you felt great; then next time this pleasure will drive you to do it again, this will create a positive creative cycle. however, if you did not do that, that is called after-fact, or...
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    Trader P/L 2009

    1.2k, cautious day. caught TSTC from 10.3+ to 11.2+ with 1.5kshares. feel veru tired, could not work like a normal 8 to 5 job. call it a day, get to head twoard YMCA.
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    0-100mph - Trying to go from newbie to a pro ...

    you made lots of wish, or if then. no one will get richer if he trades after-fact. if I hold ... then what if I cut loss... then what if I did this, then what... ....
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    NoDoji's Day Trading Log

    if I were you, I would put a stop buy around 1087.5 or a stop sell at 1082.5, then left the market a while to see how it does.
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    Trader P/L 2009

    $3.8k a decent day, caught CRIC ipo from 14.8+ to 16.8+ with 2kshares. no need to work this afternoon
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    NoDoji's Day Trading Log

    my confession is: forget about holy grail search, stick with what I know. wall street has no secret. when I lost a trade on a breakout of morning high, my wife will suggest to me: I should buy in the dip, or at least buy when it starts to turn. I said to her, trading is an odd's game, I do not...
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    NoDoji's Day Trading Log

    yes, I need cash flow to feed the family. that is my problem. but what the heck with my roth IRA, I once bought TXT at 4.8, THC at 1.3, LVS at 1.8, MIC at 1.5 USO(crude tracker, my creditors should let me have the return) at 23... all are in my roth IRA, why I sold them prematurely, there is...
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    NoDoji's Day Trading Log

    2point gain per trade has 100% winning rate is very likely. the probability increases when the gain amount reaches the smallest. 0~1point maybe around 90% 2~3point maybe around 80% 3~4point maybe around 70% 4~5point maybe around 60% ..... 10~20point maybe around 30% ... 50point maybe...
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    NoDoji's Day Trading Log

    $700/1car is not a small move. for ES, that is 14point move, for YM, that is 140points', for NQ, that is 35points'! for miny crude, that is 1.4points', for crude, that is 0.7 points! normally crude's intra-day wave move is around 0.5~1point, daily move is around 1~3point, you caught major...
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    Confessions of a successful trader

    every trade's odd is 33.3%(favor, against,nowhere), that is the reality. so if you want to get ahead of the game, when you win, you must win more than two times the loss per loser, or R/R >1:2.otherwise it is a sure thing for failure or can not last long. if you are very sturnborn, or not...
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    Confessions of a successful trader

    my confession is: trading is not as hard as I thought before or as many thought. in trading the hardest thing is manage myself to do the job according to my plan. trading is an odd's game, so after I abandoned the idea to search the holy gril, I accepted there is no secret for making money in...
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    NoDoji's Day Trading Log

    learned something from you,though some point I do not agree, sorry to mess your point (large cars for small ticks gain is dangerous, should be small cars for large amount of ticks, I love to buy the cheapest lottery ticket for millions, that does not hurt me). you are highly disciplined! that...
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    backtest for 3 years, blow up in 3 days,

    people backtest, they trade in history chart or data. trading is a forward activity: need vision in the near term or a little bit far away from current moment, the distance depends on what timeframe you trade. for a scalper, maybe next several ticks. for a swing day trade, maybe next half...
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