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UPDATE: I took a small loss in ego 13 dollars net lost a little money shorting the spys and made it back+1 getting back into the trade. I than lossed 26 on GS again selling into tails but I was not 100% in the setup so not incredibly upset. When it rebabsed at 1:20pm I got back into the...

I understand what you are saying and I generally agree. I do not typically trade stocks with more than 1.5 dollar ATR. However those two stocks were in my buy signal areas and I was confident I could have a very big day if I executed properly. Had I executed properly I would have had a big day...

traded spys back to -37 and a total of -50 net for day. i was long until we failed to have a high volume breakout thru the 50 sma on the hourly chart; than I shorted. I made some nice trades to get back to -60 than lost it all on 1 trade to wind up making most of it back long than going...

My trade was here. I unfortunately sold again into a tail. When I went back to re-enter...I was unable to enter the order because someone changed my max loss for the day to 100 as apposed to 200 and i lossed 104. the spx is now right into resistance where i thought it would get to. I am unlikely...

MA falls under my technical breakout possibility today. I will be mindful of it possibly taking out yesterdays lows giving a weak flat day or a high upper tail because the spys are still not under my technical all in buy.

I want to post each trade I do before or after or both so that I take the time to reflect after each trade. A slowing mechanism. Spys opened very low on the day. I was watching azo but was a punk and didnt take my low risk high reward trade in the 186 area. That was unfortunately one of...

I have been trading at a prop firm for almost 3 months. Lets just say I have to work a few night and weekend jobs to pay the bills. I am starting to turn the corner; so I know it is worth everyones time to read my journal. I trade momentum and base breakouts. My biggest problem had been...

I would listen to him. Have you ever done any planning? How much money do you need to live "comfortably" every year? Do you have any other income to support yourself?

I have the mot rediculous excel sheets that inlcude. date, time, ticker, thoughts before trade, thoughts after trade, share size, reason to enter the position. i write down and store all the info i can on each trade and i break it down like this: day of week week of money month of year...

thats a great question. I work a shitty job on the weekends for extra cash. I think this is my reinforcement. I say to myself: do you really want to keep working this beat ass job? other than that its really my constant drive to become a great trader that makes me think almost every 10-25...

i use esignal and drop notes in all the charts i screen in the day. I have daily weekly monthly resistance for the spys and 60/15 minute I do daily

Mark thanks for your response and your diagnosis. I started this thread to get a diagnosis. I have traded and managed serious money (1mm or greater) for 3 years. Day trading is similar. Just in a very short time period. I stated that the only advantage I have is to be patient and...

I do not think I have any other edge on the market. The only thing I have is patience and my ability to be emotionless. Other than that all I can do is interperate the data that is infront of me and make the best decision. My failure to interperate data with my brain and not my emotion has...

I started trading a few weeks ago. What a different world than what I expect. But I expected the worst when I came into this and hoped for the best. Here is what I do... First I read my business plan every morning Review some notes on my good trades and bad trades I made I look at asia...

they want you to do size because thats how they make money on you and it may get their pp/s down. sounds like you are making good progress...keep it up.

flatday +2800 week +7300 so far. 11up 5 down 4 flat (2flat no trades of 4) went back to my citi trade tried to go long thought I could grab a few cents- lost a few bucks while getting whipsawed on 3 trades shorted goog was up 200 than took a no win on the trade shorted mgm made...

+1200 day +2800 week +7300 so far. 11up 5 down 3 flat another easy day...citi weak all day broke double bottom formation shorted 4.215 covered 4.16*30k shares= 1500-300 t.a costs took about 10 minutes short the weak names go long the strong names Patience for the right set ups i...

sso will only reflect the daily performance of the spx... the negative compounding effect on money will crush you if the market heads south for 3-6 months...better off holding a regular etf

+1600 day +1600 week +6100 so far. 10up 5 down 3 flat(2 no trades of flat) so the market is acting normal again...monday morning sell off was aborted... easy money made by me... traded yrcw again for 1600 on 2 trades with total of 15k shares or 30k if you count both ways(1600 with ta...

it makes it easier for foreign companies to pay us the bookoo bucks when they do the exchange its like paying a janitor or something in their country.