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Pro Golfers and Veteran Carpenters can accomplish superior results regardless of what tools you give them. It’s not the tools. It’s knowing what has to be done to achieve the desired results

That says it all.

I'll mention this again then leave you alone. If you don't have the discipline to follow your plan on a sim, well you know the rest. A good trade is one where you followed your trading plan. If you are getting out early you are not following your plan. Your plan should be simple enough...

I'm not really interested in your specific strategies I’m interested to know how you have determined that they don’t work. If you are auto trading then you have taken human emotion out of the equation. Are you back testing or sim trading? How many trades does it take you to discard...

Why isn't your strategy working? Low % of winners? Stopped out too soon? How many trades have you taken to determine it's not a good strategy?

My 10 cents worth. You have to question each of your trades. Why did I open this position? Why am I still in this position? If your answer starts with “I was hoping” or “I was afraid”, close your position immediately. The correct answer should start “My well thought out...

Yes Yes: Just like you can blow your account out by adding to a loser. If you can hang in there and add to a winner, you can have a few excellent days every so often.

You get what you pay for. You're only as good as your last call.

If thats what you planned to do then consider it a good trade. If you're making it up as you go along (letting emotion dictate your actions) then you need a plan. If you have a procedure and don't follow it, you have to ask yourself why?

Do you have an exit procedure for each of your set ups? An if/then course of action for every possible situation. If the price does this …. Then I will react in this manner. This prevents you from thinking when in a trade. You get to do your thinking while you don’t have cash on the...

Here's how you do it. http://www.elitetrader.com/vb/showthread.php?s=&postid=2575353#post2575353

Replace persistence and determination with discipline. Read your journal as if someone else wrote it and you’ll be able to find the answer. The question to ask is “Why is she doing that?” Only you know the answer.

Sounds like a coin flip. But with a coin flip you don't have to deal with commissions.

Not at all. :) After reading about your day I just wondered.

Are you sure about that? Did you define your edge? Was each set up the same? Did you know going into the trade where your exits were? How many of the 20 trades were profitable.

A quick search of the OP's other posts he is looking for a method that will return 100% per year. I don't have that :D

Treat it like a new trade. At this point in time would you get in, get out or stand side? If you would get in how much would you put at risk? If you would get out or stand aside then cash in your winnings. You should know how you will exit a trade before you enter. Emotions run pretty...

Too bad you have to use Scottrade: At $14.00 per round trip it's cost you $5194 just in commissions.

QT: You seem to have narrowed down what you are doing wrong. Now stop doing it.

Look at the horror stories on ET. When a trader blows out an account it’s usually because they average down or let their losers run. You’ll find many who were profitable for months on end taking small profits each day then lose it all in a day or two because they reject what the market is...