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Yeah, I got fcked in the Nov 2016 contract. Doh!

Well, as I've said, I left trading for a while went back to Corporate jobs. Since 2004 I've traded only PT and some years I never even traded. Only recently have I actively traded again. So, it's not like I have been trading continuously since 2002! LOL. But there's definitely some wisdom in...

This is a great article by Steve Pavlina that applies really well to all these PT AND FT traders and trader-wannabes. http://www.stevepavlina.com/blog/2011/04/are-you-faking-progress/ Are we really making great progress or just deluding ourselves after all these years? Yes, I made decent coin...

Yeah, I hear ya. In similar boat. I daytraded full-time 2001-2003. Then 2004 to present I am back to Corporate America with jobs that pay progressively better. Very satisfied with my career path and job. So, I've been daytrading part-time on/off since 2004. There were long periods that I didn't...

Yes, I'm aware. If it goes to $15 I will cover. I have a very small position relative to my account. Learning to know my risks in each trade..

Just put on a small short position on DB. Let' see... I don't expect it to go to zero. I will probably cover if it goes under $10.

Yeah, totally right. I have 3 trading accounts. One of them have really high win %(like 70-80%), but it's still net down. Don't get lured into high win rate! Because when I lose which is only 30% of the time, I take a big hit. I'm revising that strategy...

I quote myself, "As to the 80-90% hit rate, I need to go back and quantity it." Luckily, FundSeeder has done that for me! Now, it confirmed everything I've been suspecting. I have extremely high hit rate, but the occasionally loss really screw me over. This is on one of my smaller account. As...

It looks topish, but it's NOT the top. I think we still have a little more to go. Then who knows..

Yeah, you are right. Keeping a journal would keep me honest. And keep me from repeating the same mistakes over and over. UP a lot then down then UP and then down. Now I realize there is still a lot more for me to learn and tweak my strategies. I mean avoiding Type 3 errors would go in a long...

Another good development today. I got in a trade and it bounce around a little. Then it starts going against me. Then when I look at the chart it looks like the wrong short term trade, I got out at a loss. And I feel proud. I guess it's a lot easier to cut losses on 1 lot then 10-20 lots. lol...

Thanks for the careful analysis. Let me give some more color on the cutting losses comment. There are broadly 3 sets of trades for me: 1) I enter in and it's profitable right off the bat. Sometimes it runs. Sometimes not. I usually get out at a small to medium profits. Occasionally big...

You are probably right. There are still areas I can tweak in my main strategy. There are two fatal flaws so to speak. 1) Trying to time the bottom too soon. I've gotten better and better over time. So, now it's not too early. And there are times where many trades are just when it's about to...

I do have the experience and edge. Just that one stupid trade I had no edge but went blindly in with a fat finger of too many contracts. As soon as I realized it was a fat finger mistake, I should have gotten out for a small loss. Should, coulda, woulda.

That's a good analogy. LOL. Got a good laugh. Yes, following just my rules each and every time is a positive expectancy with steady money rolling in almost daily. Trying and doing stupid ASS trades result in losing weeks or months worth of profits. Now I gotta get up again and fight it back. But...

Good news! I followed my rules to the T today. Caught a couple of really good moves. Woohoo. Made decent money on a per contract basis! But I only did on too few contracts and not with size. Funny how the worst trades are always with big sizes. But more importantly, I'm gaining back confidence...

That's too general. What might be the ROOT CAUSES of these fallibilities? Ed Seykota said "everyone gets what they want out of the market." Is there an inner voice that wants me to lose then rebuild then lose then rebuild? What's going on? Hmm..

Correct. My method said the same thing. But I have a problem following it every single time. When I do I make consistent money. Once a while I try to do something else outside those parameters, I get smacked hard! Why?!

I get what you are saying. I do have a method. If you have been reading my other threads I have finally turned the corner after all these years. I'm net profitable and have a relatively decent track record as tracked by FundSeeder. It's just that every once in a while I DEVIATE and DO NOT follow...

Does it seems like your biggest losses are trying to teach you and mock you? I sold out a large ZW (wheat futures) position yesterday at the lows. Now it came roaring back to laugh in my face. So much pain and misery. Big lesson learned. Don't buy too large of a position. Secondly cut losses...