Search results

  1. T

    Gold

    Yea. I couldn't believe it happened again. From late Aug 2018 to Jan 2019 I made good money on GLD options. Then I lose a bunch in April in a failed breakout. Now I'm back again since it looks like this breakout is for reals. Then today happened. Fck it! Maybe I should just stick with stocks.
  2. T

    Gold

    I'm very frustrated with gold. I've made money in the past. Yesterday I missed out on a huge rally because I was in other stuff then I went to lunch when the huge rally happened. Today I got in and gold is pullbacking like crazy!! Geez! I think every time dollar goes up gold goes to the...
  3. T

    Must be time to short the NQ.

    I avoid futures today and I'm green! Yay! No more whipsawing around with a lot of stresses and losses or small profits.
  4. T

    Must be time to short the NQ.

    Yep. Today I'm trading purely stocks! Going with what works! So much more relaxing and profitable too! None of this constant whipsawing in futures. Futures trading has been the most stressful thing to trade. At least for me. net net I'm still down huge on it. wtf Going forward, it will be all...
  5. T

    Must be time to short the NQ.

    I feel you! I don't hold NQ or MNQ overnights. But I still feel your frustrations with NQ whipsawing. I get this bullsh*t stuff happen to me all the time on an intraday basis. I stopped being bearish and nowadays try to go long on NQs, Pre-market I entered NQ at 7905.75. The trend is up. It...
  6. T

    Made a lot of progress, but feel like there's so much more to go...

    I think if I make myself hold onto a good intraday trend(30mins to 1 hour) with size then I will make really good coin. So far, that has not happened yet. I get out winners too soon. Still working on that.
  7. T

    Made a lot of progress, but feel like there's so much more to go...

    Look at NG. Low margins. You can easily swing 5-10 lots get a few points per move. Adds up quickly. GC , NQ, etc. all juicy and good for scalping. But one gotta NOT hesitate to get out and cut losses fast when you are wrong. Else you'll be in deep red fast. Especially with size. I just got out...
  8. T

    Made a lot of progress, but feel like there's so much more to go...

    You are right. I'm a scalper. Not a super high freq scalper but a scalper nevertheless. An intraday trend for me is 30mins to 1 hour. Most of my trades are minutes to tens of minutes at most.
  9. T

    Made a lot of progress, but feel like there's so much more to go...

    Strange. For some reason, I got up early and before my alarm. Maybe after a long trip, I finally got a good night's rest and sleep. I checked my phone and saw that it came back close to where I originally bought but not quite to my target price. I logged in and exited. Took a small loss. Such a...
  10. T

    Made a lot of progress, but feel like there's so much more to go...

    On a more somber note, after more analyses, I realized I can easily make money. What I really need to focus on is eliminating suboptimal trades/setups and cutting losses even faster. As those who have followed the thread, while I've made a lot of progress this year(2019), I'm still net down...
  11. T

    Made a lot of progress, but feel like there's so much more to go...

    Thanks for the perspective! Perhaps all of those suffering was necessary for me to learn how to trade better or developed my edge as you've said. I just came back from an extended family vacation. My wife wanted to buy the internet package for the cruise. Initially, I balked at paying $9.99/day...
  12. T

    Made a lot of progress, but feel like there's so much more to go...

    Yes! I had made money on the way up. Then I attended to family stuff. The trend reversed. Was too late to short. But I didn't automatically got long. I waited and waited for the the extreme moves then at the first sign of reversal I got in near the bottom. Then I got out quickly. I realized for...
  13. T

    Made a lot of progress, but feel like there's so much more to go...

    You are right. I had a really FLAWED methodology AND FLAWED psychology. It was gut wrenching last Thursday and Friday. And I swore to myself that was the last time I will countertrend in unconscious automatic fashion. Then I ate some humble pie and admitted that I was impatient to enter too...
  14. T

    Made a lot of progress, but feel like there's so much more to go...

    It's worse than that. I go into these automatic behavior mode and automatic countertrend thinking mode. Even though I've review these types of trades and setups thousands of times it seems like the subconscious mind just take over. I'm going try to be an observer and CATCH myself before I do...
  15. T

    The thing about trading breakouts...

    I've been watching and observing breakouts. It's superdangerous to countertrend trade a breakout even though the number of false breakouts outnumber a true breakouts. Because when a true breakout happens, it's fast moving and violent! I got in GC on a breakout. then it pull back. I got out...
  16. T

    Made a lot of progress, but feel like there's so much more to go...

    Didn't follow my plan. I even had the stock symbol for Slack on IB TWS. But it didn't trade yet. That would have made me $3K. While waiting for it to open I was stupid and play some futures and lost my shirt. Of course, after I got out for huge losses then it's finally reversing... FCK! haha
  17. T

    Made a lot of progress, but feel like there's so much more to go...

    Took a bloodbath today!! Something really strange about my psychology. It has nothing to do with trading. For normal trends I can ride. For supertrends, I automatically think countertrend. It has to reverse. It has to reverse. Fck! I get run over. Normal trend I can ride it up and down. :( I...
  18. T

    Made a lot of progress, but feel like there's so much more to go...

    I was in GC 2 lots. Then it pulled back. I was like not fcking again! The last time I bought GC breakout it pulled back and I took a loss. Tonight, I sat through that because the chart still looked good. Then it turned around and rallied hard. Ironically, I couldn't even get myself to go long...
  19. T

    Made a lot of progress, but feel like there's so much more to go...

    Thanks for the advice. But I think you misread my sentence or I misphrased it. What I meant when I said minimum bar of success is if one is consistently making hundreds a day. Then it's just a matter of time and scaling to go to thousands per day,which is my goal else it's a waste of time and...
  20. T

    Made a lot of progress, but feel like there's so much more to go...

    Thanks for the advice. I think I will just give up on index futures period. I have NEVER had any success with futures trading. Even minor ones. I would made a few hundred bucks then lose it on the next trade. Just not good. No matter how many trades I practice, How much time I spent on...
Back
Top