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30 day momentum on the SPX 500 is not particulary high at the moment, just over 1%....

"If I wouldn't have a single position on and someone shows me a S&P or nasdaq chart I'd be short the next second, so while it may be self sabotage, it's my core believe that rallies like this are unsustainable." I agree about being unsustainable, BUT.... I believe that shorting is more...

Gamblingman, I suggest it may be worth looking at psychological aspects of your trading. It is not unknown for a trader to be prone to 'self - sabotage', if the trader hold some subconsious belief which conflicts with trading profitability. This can be the result of a change in personal...

Yes as I say, every trader is different. BPS = basis points. 100 BPS = 1%. My daily target is 100 BPS.

"Did you mean to let the first trade go 10 points against you?" Well I held that one overnight, so it could have gone a lot more against me. My error was getting out before it went to 1610.5 on Monday morning. Such is trading.

Results for 2014 Intraday vs overnight:

No, I will often carry positions for several days, weeks even. I attribute my high win rate to a couple of factors: 1 I trade a very small list of shares (about 6 regular tickers actually). Most of these I have traded hundreds of times. So I sort of get to know them, how they move. 2 I use...

Hmmm... that's got to hurt. I absolutely HATE to have a losing day trading, but a losing week is pretty much a disaster for me. Fortunately I haven't had one this year (yet). And thankfully I have no mortgage to worry about.

JTrades, I used to trade via CFDs, but for smallish size, the commissions kill the P&L. Here are this week's trades on AAL: SB spreads probably cost me > 20 points in total.

Summary Week Ended Friday 22nd August 2014 17 Stock Trades: 14 AAL + 244.11 BPS 3 BLT + 22.84 BPS 13 long trades: + 253.83 BPS. 4 short trades: + 13.12 BPS. Stocks net + 266.94BPS 15 intraday trades, 2 overnight. I traded 5 days this week. Return on account for the week + 4.24 % net. P:L...

Well done, great performance.

I don't wish to sound negative, but if you can't beat the index, then it would seem better to just invest in a tracker fund.

Seems to me that the markets rally & you lose money. Why not cut the trade size on short trades by 75% ? Or just trade on the long side ....?

Not if he is consistently beating the index in his trading.

I takr my hat off to anyone who can monitor 300 positions...

It might be interesting to compare your weekly P&L to the change in the SPX500. This week I have the SPX up 23.47 points or 1.22%. I try to beat the index each week. This week I fell short.

Summary Week Ended Friday 15th August 2014 12 Stock Trades: 11 AAL + 126.31 BPS 1 BLT + 4.96 BPS 8 long trades: + 101.02 BPS. 2 short trades: + 30.24 BPS. Stocks net + 131.27BPS 10 intraday trades, 2 overnight. Return on account for the week + 1.67 % net. P:L ratio was 28:1. I traded 5...

"I understand the idea of letting winners run. With a nice account, once could easily trade 3 cars, and pull a car or two out for some profits, letting 1 or 2 continue. With 1 car, you have to be very precise. Your stop has to be perfect, your R:R analysed to a t, and sometimes, maybe you have...

The deletion of images from the journals shows a complete lack of respect for ET members. People post on ET because they think that their posts will be around for a while, not just deleted when the managers want to do an 'upgrade'. Very poor show in my 'umble opinion. And I cannot be the only...

Images have been removed from my journal posts. Why can't people just leave things alone ....?