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Just closed out. $1400 on one lot! Overnight. Very little stress. I think swing trading would need a lot more patience(especially if it's not trending). But overnight is fine especially if you got in at a good price and just ride the trend. Of course, if you got in and it goes down then get out...

so, how do they make money? Robinhood model?

That's my long term goal in terms of trading style. The stupid countertrend trader who lost a lot of money was the old trader me! Can't believe what the hell was I thinking?! Hindsight. Anyhow. Most recently, I caught a strong trend. I held overnight and was up $7K. And it came back a little...

It's like that concept "five feet from gold." Giving up now is like 5 feet from hitting gold. I know my old trading stats SUCK! But if I dug deep into it, it's due to just a handful of bad trades where I let the losses get out of hand. Get rid of those HUGE bad trades and my avg winners stats...

you are right. To put everything in perspective as Gotcha and others suggested, the loss is less than what my top tier undergrad and grad school tuition cost. LOL. Luckily, I only paid a very small fraction of that cost due to scholarships and other stuff. One way to frame this is I'm getting a...

This a great point! Trade small and gradually compound.

I think the concept of opportunity cost is learned in econ 101. But I can give you credit if you like! haha I'm fortunate to be in a hot area of tech. So, I get recruiters calls every day(actually multiple times a day). I usually say no because the jobs are not in my geographic area. But...

THANK YOU for your words of encouragement! Sometimes that's all people need. And a sense of perspective! Yes, it would be such a waste to quit now that I have finally crossed the bridge so to speak. But I dug myself into a rather big hole. Rough back of the envelope, the amount I've lost is...

I totally agreed with what you are saying. I think that's not the main point of my question. My question deals more with "sunk cost" vs "opportunity cost". I just came back from cardio exercise. And I kinda resolves this dilemma by reframing it as this. The loss is done and over with. Spilled...

Here's the dilemma. It's actually kind of tragic. So, after all this time, I finally made good progress in my trading. I feel like I have a steady edge, etc. But to get to this stage, I loss a lot of $$. Though I'm steadily making it back, if I looked at the total loss(up to now) I would be...

I didn't trade NQ today. But it was like 50 pts up then 50 pts down. On just 1 lot that's $2K. I'm not saying one can capture the entire range. Just amazing to see the range...

Here are some observations. I have been doing a combo of scalping, intraday swing trades, overnight, and now multi-day holds(only on very specific type of setup and not a regular occasion). For the right type of setup, the multi-day hold is the most relaxing and most profitable trade. For the...

My trading account(risk capital) is a small % of my total assets. I would never put myself in a position where I would lose all of my trading capital. But it's a good point to be cognizant. Risk is something you don't mess around with. Intelligent risk-taking is what trading is really about...

I totally agreed with you. Having said that, sometimes the market I'm focusing is flat or nontrending. I like to hop onto another market that is trending. I know each market/instrument has their own behavior. But from a TA perspective, it's just chart patterns. If an instrument has a particular...

That's why I track multiple markets not one. I trade/watch NQ, NG, ZW, GC, CL, JPY, VIX, and a few cryptos. I do that to ensure there's always so action going on. I don't trade out of boredom. If there's nothing going on then I focus on my consulting biz....

Hi All, I feel like a few of the traders here on ET are at this stage in their development or have passed it. I am just curious how you guys dealt with it. So, I started this thread back on Dec 5, 2016 just a few weeks before a personal family tragedy hit us...

I went in the lows of last night and flip out again. :) I still have one lot on. I think this is the beginning of a bottoming process for the short to intermediate team. I don't know if it's the bottom. If it comes back down then I will get out. So far, it seems to be holding and slightly up...

Totally possible. This is real account trading now. I stopped the sim or only practice a little bit on it. Just with one lots. I have evolved from watching every tick to holding for minutes to now overnights. I know it sounds scary but you have to look at the daily and hourly chart for holding...

I got in GC Dec '18 at 1173.10 last night. Flipped it out at 1184.20 this morning. Had I gotten up at 4:30am PST(ouch) then I could have flipped it out at 1188.60. Anyhow, still a good trade. :)

Hi Mark, Did you short using futures or actually short on the exchange(s)?