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Thank you Boib and thank you Pivotas good comment and very logical. I am going to do this right now and implement it in my trading tomorrow.

Thanks for the comments. As I said when I started the thread my purpose with this journal is to learn and solicit constructive advice, and I am getting it. I am aware that the odds are against me and I will need to lose some money as part of the learning process. I can accept and...

I understand there is probably some confusion in my technique since I haven't explained it very well. The market didn't come back to my original entry, and rarely does. I doubled up my position after it went against me when my indicators told me that it was reversing. Doing this brings my...

Thanks for the comment, I'll tell you why I am hesitant to take my money out: 1. All I have read suggests that the traders who are not well capitalized have a much greater chance of failure since they do not have the ability to weather a storm without getting stopped or margined out. 2...

Thanks for the feedback. You are absolutely right 16 contracts was not in my comfort level, I am going to try not to get that high again till I have more experience or capital. Maybe I should have taken a loss instead of allowing myself to get in that heavy, but I'm not sure because doubling...

I use a 1 minute candlestick chart, with a 3 minute and sometimes a 5 minute on the other screen, and primarily base my trades on Stochastics. I think you have your math a little mixed up, I started out with $50k in my account but then took out $5k, so I currently have a little over $45k...

Hi Allen, I am a big fan of your journal, keep up the good work!

Today was another emotional roller coaster for me. Got started a little late and didn't read the market right, I sold short near the bottom and had to wait for 2 and 1/2 hours before it finally came back down for me. I also ended up getting in much heavier than I wanted to, and risked more...

I actually wasn't able to trade today because I had to run on a quick trip out of town. I thought about trying to trade from my laptop but I have never done that before, I am used to three screens and still too nervous to change at this point. I will report on my trades tomorrow.

Yes thank you Pivotas that is great advice. I will do this in principle. I won't actually pull the 40k out, but I think its a great idea to only allow myself to risk about 10k for awhile and see how it goes. I've read many horror stories of people being succesful for a few weeks or months...

Friday (yesterday) 4/11 was a walk in the park compared to Thursday. I eased up on the stop losses and waited for good setups. I only had one or two losing trades, and got several winning trades in $30-50 chunks. I got some of the newbie jitters out, but I’ve paper traded enough to know it...

I actually officially began my trading career Thursday 4/10. I made $32 on my first ever trade. The first part of the day when well and I went up a few hundred dollars right away. I started getting nervous and using tight stop losses after that though and had a series of losing trades in a...

Yes, I am a newbie, and yes I am stupid enough to jump in and start trading with all you pro's without any formal education or much experience, yes I want to make huge returns and yes I am scared of losing my money. I have been paper trading for about 2 months now, primarily S&P 500 Futures...