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Prop...I am not one to give advice right now given my current trading results but I have to chime in on the 2 comments above. Not that I know every strategy you trade but the news event trade on V does not seem to be part of your arsenal based on your posts from the past. Just keeping you...

Put a fork in me cause I am done. I am shutting down for the time being to reset. This is the 2nd time in the last 2 months that I have to do this. Something is seriously wrong with my mindset right now. Will not return until I address it this time. This will be my last post until I...

Nice recovery on the day Prop. Don't beat yourself up too much. Everyone falls victim to what you did. Not that it is excusable but you admitted it happened instead of blaming it on something else. Many cannot do that and that is eventually what depletes an account over time. Always be...

Agree on the sizing down. Has always been one of my weaknesses. I will pass on the eating of feces but will opt for a snap of a rubber band on my wrist.

It's a great suggestion. It will allow me to narrow down my focus. Once I get consistency with day trading strategies, I can tackle the swing trading with a clearer mind. Fwiw, I have been a mix in the past with pairs but trading one sided is definitely a different animal.

Not sure what to say about today other then complete and total garbage. Old habits are definitely hard to break. Not sure what it is going to take for me to kick them, maybe banging my head against the wall will work!!! Anyhow, carried 2 news related stocks over the weekend. Had a chance...

Not sure if this is a question for march21st or myself but I will answer the question about current hurdles. I can't speak for Steenbarger versus Douglas since I have not read Steenbargers book. My 2 biggest hurdles I am working to overcome right now are trading according to my plan and...

I read Trading in the Zone....great book. 2nd time I have heard of Brett Steenbarger so will check this one out as well.

Pairs in my opinion are difficult to trade intraday right now. Too much drift in the market along with one side causing the move makes it tough to trade them. Not saying it is impossible; I know many that are still trading pairs and are quite successful. For me personally, I am giving them a...

Week ending 1/14: -9000, +1200, +3300, -1800, +100... total -6200 on 139400 shares Not what I expected after Monday's performance but just glad that it did not turn into a bigger drawdown like in the past. After Monday I tried really hard sticking to disciplines which helped stabilize...

The hits definitely hurt but I will keep my head down and grind away. My biggest enemy is me but over time, I will take charge. Good job on your comeback after the 65% loss. That says something about your ability to trade through the tough times. A positive attitude will take you a long...

Another day, another lesson learned. Mean reversion strategy off the open would have been great had I taken my profits and ran. Unfortunately I tried to squeeze everything I could out of the trades and it ended up costing me. For example, faded PPL off the opening move. Trade came in my...

Made a commitment to myself to stick to disciplines today. Amazing what happens when I do. Only traded 1/2 a day and came back right before the close to take some early trades off. Still fighting the urge to move stops and profit targets in the middle of a trades but that will subside as I...

Trading mean reversion of pairs is definitely not easy on the emotions. Sometimes it gives you a false sense of security thinking you cannot get hurt too badly cause you are "hedged". No matter what strategy you trade, risk management is always important. That is one of my weaknesses that...

Another day in paradise. Started off the day following all my rules. Struggling a bit with profit taking but that will improve with time. Then, the afternoon grind hit which is when I typically start looking for trades and swaying from my dicsciplines. Took a trade on DO with the range...

Well the landmines I avoided last week were still around and I stepped on one today and man did it hurt. I carried a pair over the weekend thinking I had a big edge with the move it made on Friday. Well I was wrong. Realized loss locked in for the spread = -$10,300:( . Had I stuck to my...

Thanks. I contemplated doing this publicly but decided to for the same reason you did. I have always struggled keeping a trading journal so hopefully this thread will keep me accountable.

Below is a snapshot of the base capital in my prop account ending 2010. I will not be posting this again. My PL postings will also include my retail account. I do substantially less volume in it so do not expect at this time much contribution to the bottom line (maybe 10%). If this changes...

Week ending 1/7. -1500, -200, +2100, +3000, +1900...week total +5300 on 88,000 shares. No landmines to speak of. First full week back since my Dec. break. Of course some bad habits I am working to get rid of reared their ugly heads but so goes trading. Discipline is one thing I am working...

Inspired by the few noteworthy journals I have come across last year, I decided to keep a public journal of my trading for 2011. It is something that I have definitely been lacking in the past due to my quick success in trading. I am hoping that posting in the public will keep me honest with...