Search results

Were you short index futures?

I don't trade GC anymore then it blasts up! That's fine. I've been burnt in the past with GC that I stayed away from it. I made money elsewhere.

We are talking about DIFFERENT timescale. Q4 2018 was down 20% for the QUARTER. Oct 19, 1987 CRASH was down 20% for the DAY! Big difference. These 2-3% daily moves is what's supposed to happen in normal markets until Central Banks suppress volatility all these years(since 2009) with their...

I wouldn't call that a crash. Dow is down -2.37%. That ain't nuttin. But yes, you could make nice money shorting or going long at appropriate times. A crash to me has to be at least 10%-20% like Oct 1987. I was only a kid then but from reading of events at that time it was pretty serious. At...

what a ride! I was up $800 then down to flat then now back up to over $1K+. whoohoo! If you are in control and plan your trades then it would be fine. My mistake(s) was always same bad habits that have bedeviled me for years! The call of the countertrend. Over the years I have controlled to...

I totally get your point. I've been there done that. After a big gain, I would take a big hit. That's last year's issue. I don't think that's the real issue at this point this week. I was just flat to small losses a few days then I get all worried and concern. Today I trade smaller than my max...

It's definitely about habits. My good habits made decent money for me today. Then my bad habits made me lost money. I'm still up for the day but I was up much more earlier. If I can get rid of all of my bad habits then I will be very consistent. I have a few edges that work like clockwork...

yes, totally agreed! That's why I'm very skeptical of the stock gurus promoting their sh*t on Youtube. So easy everyone can make millions if you buy my educational wares. Or just follow 3 simple patterns and you'll be raking in money like me too. lol. But when you get it right the feeling of...

Someone with better emotional control using my same setups/edges could easily bang out $5K/day or more! :(

I think that might actually help. Or if I just trade purely off of PA on the chart and my chart analysis/TA. That's where I would get all of my signals. If I look at P&L or fast moving bid/ask quotes I get totally shaken out or too scared even when my analysis it totally correct. The insanity...

Agreed. I need to get rid of a lot of emotions. I have a lot of little and sometimes big edges that I've collected over the years. However, I botched it up. I would miss an execution due to fear. Or I would get in and get shaken out because of fear even though I "knew" from my chart analysis...

You are a much better trader than me! I haven't gotten to my ideal target of $5k/day yet! I'm only pushing $1k/day average. I feel a little crestfallen the last few days of flat to small loss. I need motivation and confidence again. It's just normal under controlled loss and flatness. what do...

It could be. Or it could not be. Nowadays 40 pts is normal intraday range on NQ. Too scary for me to trade that. lol. Maybe one day I will be good enough to trade NQ

In addition to maxing out on your 401K invest regularly. Or if you want to be a little more clever then when market goes down a lot buy even more index funds. The long term trend is up. Individual stocks/futures/options are hard to time though there are a few edges here and there. I wished I...

I feel like I should do some swing trading in addition to daytrading NG. While a $1K day sounds nice, it's hard to do it consistently. I will continue to practice and get rid of my bad habits and mistakes. But looking back at NQ charts. I was long on the night of 8/7/19 but I lost money because...

All valid and good points! Lately, on positive days I'm making $1K+ on down days I lose about $200-$700. So my losing days is roughly half+ of my gains. This is what I want it to be and not out of control. The last out of control loss was with GC several weeks ago. And I have stopped trading...

God I hate NQ! Just lost more money! Never made money on it! What little profits I had turned to a total loss so quickly! fck! Trading NQ gives me the kind of MISERY that's unbearable! Yet every once in a while I trade thinking I can catch a trend. Then it reversed so fast! wham! gone all the...

I hear ya bro. I couldn't believe it. I had a 30 pts open profit in NQ! Gave it all back and only net 4 pts. All because of the Fed minutes came out. It tanked . I had been shorting earlier but i figured it will continue to trend down. It reversed. I should have covered earlier! damn it! NQ is a...

Thanks! Are you actively trading NG?

I don't think anyone here on ET is at that scale... :)