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I started this thread as a Journal in the Journal section. Then someone moved that to Psychology section, thus I took psychological tone to my journal... and now we are back to Journal section. Where will we go next babie..? Day 23 Must feel the FLOW... # of Disasters: 0 I have the...

Day 22 When will I ever learn?... # of Disasters: 7 1) I need to see/witness selling or buying before I take a position. Just because the price is at the unheard of levels isn't good enought. You have to see it with your own eyes. 2) Letting trades get past the pre-defined STOP is...

Coolweb, I think you are infering that today was not an optimal day to daytrade due to lack of volatility, as well as a lack of volume and that I should've recognized this early on? I think you are... but the volume and an explosive move can come into the market at anytime. You always got to...

success, Its actually based on the premise that Futures markets are extremely volatile (when they really do move) that the likelihood of you getting stopped out on even a position that you are right on is extremely high. Thus, most people go in with a set loss point but they scale in and...

Turtle Soup... umm umm !!!

so close volente... that was close call yet again. Volumeless rally the last 2 days, it has to fall sooner or later.

You look at prices, and if the prices are headed up.. the trend is up. Prices are headed down, trend is down. You don't need a MA crossover to figure out where the trend is. Easy.. huh?

Day 21 gotta DANCE with the Market... # of Disasters: 6 The moments of profitability are so rare (5%) that I should TAKE PROFITS, get back in.. take profits... get out.. I just simply have to DANCE with the markets. Letting +10 pts get away, and let you get stopped out on it seconds...

Sometimes I feel so sad about taking money from the other 96% of losers. Even though I am such a blood sucking capitalist, I do have a sensitive side.

Thoughts: Take 100 good traders and let them trade a market. At the end, the best trader would have all the other traders' money. Its not just that you be a successful trader, you have to strive to be the very best trader. Only the best is good enough and nothing else matters.

You must not have seen the new super dom. Either way, good luck in your trading.

I predicted that it was going to go up with 70% accuracy, yet I shorted it the whole day. Today was an EXCEPTION..

Day 20 POINTS !!! # of Disasters: 1 very big one. Finally the day came, where I started to think in POINTS rather than in $. I turned my P/L to points from $. The difference is, when you are risking too much of your account, (yes.. even 1% on every trade is too much to risk) you are...

LONG LONG LONG waits on the phone lines. 3-5-7 days max to get a reply to emails. I closed out my account and went elsewhere.

Day 19 Umm... # of Disasters: 1 Gotta hit the ball out of the ball park on a day like this. I cannot let a trade go against me. For that, I need to completely stay focused and put myself in those high probability set ups. I also need to build up an account that is substatial real...

Risky bet... but what else would you expect from the Riskshaw man? The jobs report didn't show a drop in inflation, why would you expect PPI, and CPI to show a drop in inflation?

They destroyed the functionality of the DOM. I am really disappointed with that.

umm.. do you plan to do this at one of the exchanges? trading schools? 4-6 months (100 trading days?) is no time to learn to trade "right"...

Epic- If you are a skilled stock picker, don't you really want to be on the right side of those volatile stocks? And how do you buy stocks that are going up, when they make a pullback.. isn't it counter to you whole thinking of going with the trend because they are already starting to come...

Title: 141 West Jackson: A journey through trading discoveries Author: Steidlmayer