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Emotional control Perfect execution Edge (questionable sustainability) Nothing new here.

My failure lessons are my most valuable asset. ;)

If you finally gain a decent edge $1M is not a problem, but before that just expect to keep losing. Then it’s way better to keep losing small than big.

Well I thought I was good and would be different from all the others. lol I do believe there are a few geniuses in the trading world but 99% chance you’re not. You cannot beat the statistics.

My point is one should expect to lose the original capital when starting out in trading. That’s just the reality for 99% of new traders.

I don’t know how long OP has been trading, but the $130k loss was in the last 4 years if I am not mistaken. We all go through long periods of losses. I have been trading for 12 years and am still not there. My only regret is I started out with big capital @$100k and used big sizes often maxing...

Human nature is fundamentally against trading and human cognition is too limited for the market.

What you talked about is edge, the most ludicrous and elusive thing of trading. Once you have a substantial edge you’re literally printing money.

I was watching a TV discussion about Olympic competitions suddenly I realized that a big advantage of trading is that you can control the pace of trading, namely you can stop trading anytime. That’s if you are trained for it. This unique trading characteristic doesn’t exist in any other...

Technical expertise = 10,000+ hrs of screen time & thousands of real trades. Emotional expertise = Dehumanization <- most people can never do it. Money management = Related to the above 2. Now you can understand why trading is so hard.

Different/opposite from the 90%.

But even you get the market condition right, timing is critical.

It’s sometimes easy to predict a red bar or green bar as it’s forming on a 5-min bar chart.

I have been with Schwab for 12 years now and rarely contacted their customer service. When I did I always got the help/fixes right away. I switched to ToS 2 weeks ago and it was done in one night literally: enabled the ToS for my account and downloaded the software. Next morning it was up and...

All gold nuggets! I have learned to be patient. Never overtrade even when you have several winners in a roll. Otherwise you’ll lose it all back. For me if I win 3 times consecutively I stop even if I may win the 4th time. Knowing when to stop even if you can still make money is important.

They patiently wait for the market to make things easy for them. Trading itself is simple. However, 90% of the time market is unpredictable and beyond human’s grasp.

Oh, I may call tech support to ask about it.

I set up a hotkey for Flat but it didn’t work either. For now when I am in a bracket order trade I figured out that I can first click the Cancel All button (to cancel the 2 brackets) and then click the Flatten button to go complete flat. That’s 2 clicks.

Does anyone know how to one click to get out of your position in Active Trader in ToS when you are in a bracket order trade with both stop and target set in place? I tried to click the Flatten button but it got rejected.

That reflects my feeling. When market gets more and more efficient trend following strategy becomes less and less effective. Most time the price movements are in a zigzag battle and when big price move does happen it reaches equilibrium very quickly. Imagine in a perfectly efficient market the...