Day 7
FEARFUL...
# of Disasters: 7
I was up +$ 91 bucks today. I also moved around my stops way too much. I should not even touch my stops. If you have to move the stop around to give it a bit more room, then that stop is too close and you should come up with a new stop rather than...
You seem like you get a high off of posting about giving it all back..
There is an inherent something else that you may want to deal with.
THINK: Money is good, money is power and if I give it all away and start another thread about giving it all away on ET then I am a fukin loser or is a...
Day 6
DiSAPPOINTING..
# of Disasters: 1
On a day when DOW went up +170 points, I should've hit the ball out of the park. But I didn't and I was barely profitable.
But I did keep myself in the game the whole day, and thats what matters. I do have a lot to work on. I have to be at my...
Out at 358.... because too many sellers at that 360 resistance.
Eventually it will go through there, but I felt I could do well taking profits and maybe going short.
Thanks a LOT FT71...
I think it helps me out a lot. It just so happens that my daily target is +$1,000. And for some reason or not, I think I could get away with risking a bit more after I reach that point. But, it usually won't work out. I should stick with -$200 like you suggested...
Why do you keep on posting replies, and then deleting them? and blocking people, and then unblocking them?
God.. Did you delete one of my posts as well?
No wonder porgie and stockripper etc don't get along with you too well.
There is no point in blocking someone and then unblocking him.
I think porgie wasn't necessarily jealous of you, but forewarning all the n00bs here who thinks they could just jump in and make 50 pts each day with their $2000 accounts.
progie... Thanks a lot for posting. I enjoy reading your posts and they are informative.
Just couple of questions:
1) Does your mechanical system only trade the YM? or other markets?
2) If you despise short time frame charts, what kind of charts do you trade off of?
3) What do you...
Day 5
GRINDING it OUT...
# of Disasters: 3
I was net profitable with only 40% win rate. Goes to show you, all you have to trust in yourself and just be along for the ride.
I still have a long ways to go. Undivided attention, and complete focus just isn't there, and I really have to...
I don't understand..
There was this 500 contract offer at 263, and it was snatched up by 100, 100, and 200 contract sizes.
So, those people that trade huge sizes, they just wait and wait for huge orders to show up and they trade that?
Day 4
FINALLY...
# of Disasters: 4
Today was the day that separated me from being a retail hobby trader into being a professional trader. Finally I understand what it means to keep myself in the game, and keep on grinding it out. You always have to keep in mind that each and every...
Thoughts:
You cannot never really learn enough not to have losing trades. Thus, it is ultimately how you manage losing trades that matter. If you have to move a STOP to give it a bit more breathing room, your STOP is way too close and you need to get a new STOP.
There is no reason why...