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Stop moved to 1325

In at 1325.75 1.5 risk

First day. If the market gaps up, chances it will reverse. So far the 5 minutes chart suggests a steep pullback. If it comes down around 1316.5 I'm in for 1.5 points risk and 5 points target. I'm not going to short in this market. If it goes above 1325, I'll look to enter long at the first...

The profit target is the initial profit target, but if the market says no, then I'll take whatever it gives me. My stop loss is small 1.5 ES points. I have a problem with the loss not the amount I think. Because I'll run after it even if it is small.

May be I'm exaggerating just to say that psychology when you use discretion is very important.

I have a 1.5 point stop, I don't hesitate to take trades. But again my problem is going back to a failed trade. That's what I need to fix before I go bust or nuts. Last year is the first year I had 8 points winners, I don't take less than 2 points anymore.

Eddie, I read the book twice, I don't think there is a book you name I didn't read (exaggerating a little bit but not too much). It just seems that fixing one problem takes more time for me than average. For instance, I spent a lot of time before respecting my stops and not moving them. Pulling...

Hate it. Long live the independent cinema, the real one. Go see Biutiful, you'll be shaken like hell.

I haven't tried prosac yet, but it is in the plan :) More seriously, I started to exercise today!!! and I'm sleeping a lot better than previously.

As oddly as it may seem, I agreed with multiple posts that may seem contradictory but in fact they are not. Money can be made at anytime frame with different strategies. The shorter the harder that's obvious. The longer the less harder but less money to get. I definitely agree that all this...

I tend to think the same, but 15mns is too long, you need to hold overnight to make it worth the risk/reward. I hate overnight because that's where the hunting for stops becomes a national sport. Did I mention that I trade only ES? I have to confess that the months I was up, I was relying...

Mark: I guess you are Nihabashi (???) Japanese Candlestick? Anyway, whoever you are you are definitely right. I hope that my addiction may have been caused by losses only. The more you lose (money and time) the more you want to get it back fast, which leads to addiction and being jack of all...

Not every strategy can be automatized, meaning it would require may be a year of full time coding, and by that time the market has changed.

The four hours gives you the larger market structure. 4 hours is king, believe me. Daily also is important, for me short term trading should stop at four hours. It is personnel choice.

I don't think that is true. Even with a 99% profitability, it is still a mental game. The psychological part is more important than the strategy, no matter what is the profitability of the strategy.

I second the motion.

I see exactly similar problems, but I don't see any solutions! For you 5 points, they relate more to your strategy than to discipline. You should have an exit strategy, I use a two bars break (5mns) to get out, or the low of the 15 minutes bar, whichever occurs last. Missing a signal is...