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Been there before, and agree with you... But like driving a car, before i can handle touch situation, i should know my car, know it well. Sim is a good way to learn basic strategy.

Today is kinda of hard for me. although it is bullish, the market doesn't offer good entry . The only long entry i can have is around 11:00am.After that, market seems unwilling to go up, however, it doesn't want to go down either..

yeah, you got me there... :(

today is hard , no matter long or short..

The last long is pretty. I think the worst thing i can do in trading range is entering in the middle of the rage. But sometimes it is just hard to find the range boundary.

dear matcha, congratulations to your excellent trade. I have several questions: 1) for me, i may not take the short you have taken because the market was in a uptrend after the gap up filled, and there is no significant confirmation for the trendline breakdown. What makes you take the short and...

Dear matcha, although you have a losing day, i see very precious character in your trade--you are out of your chair when you feel out of control. That is the key to the success. Unfortunately, i am beaten by the emotion control. :mad:

Hi, i try to put my thoughts on Susanna's longs: the first one: combined information: gap up and almost filled the gap; a higher high around previous support; A triangle potential; All these information gives a good R:R for first long, she would be right or wrong, but it worthed a shot...

nice trading! could i know what are your time frames?

Thanks Toucan.

Hi, jinxu. I think you might need to take a longer vacation. Look back your account, i think you are badly influenced by your first big loss day. You need time to digest what has happened, why that happened, and how to avoid it in the future.

wish could be that easy

I am still working through this thread, you did a great job! hope one day i can do live as you do

This is a great post. Let's continue to post. I made 3 trades today, after NQ hit yesterday high and formed the a double top. 3 trades were all short,but I b/e in the first two, and the last one i lost 1 tick. Now, i am still in sim, I will surely piss off if i am in real money. The first...

Nod, did you try to take every set up in days like today? It seems the market offered some set ups which turned to be traps. I can't help myself overtrading like today, do you have any suggestion?

$ 2.4 round trip?? mine is 4.88 round trip.. And Match, I have the same problems today. i have no idea why i kept trading in a small range. Over-trading and tight stops are killers in days like these. Most My set ups are traps. I have no idea whether to trade my set ups or let them go.

hi, Matcha. does the p&l you posted include commissions?

Cong:)

jinxu, i have been in the exactly same situation like you for the whole 2009. Tiny capital, feared to pull the trigger when i saw my set up, and got really pissed off when that set up went so well in my direction, then chased the price or made counter-trend trade. When those chasing or...

Really sound advise, thanks.