Search results

That's really tough! but I have to say that the days after I lost control, are usually very good days.

Thanks! Do you have a template for your trading journal or do you know where to find a good one?

Thanks for your reply! Really appreciated. My trading is based on price action and levels, I have learned to wait for the right set up but I was never able to define a specific set of rules and alerts. That's the reason why some days I loose control and I try to take every poor set up I see. The...

Hello! I writing here to get some good advices from you guys about how to work on my discipline in trading. I have been trading mostly NQ/MNQ for almost three years as a part time fun t it is getting serious. After the first 1.5 of constant losses, I would say that I reached the break-even...

Plus I would like to add an interesting topic. Trading futures is a journey and you have to be dedicated, focused and also a little stubborn to stick to it even if you can’t have a consistent profit right away. But when is the stubbornness healthy and when it can switch to addiction at revange...

Few year ago when I tried futures trading for the first time, I couldn’t handle the emotion and the fear to see the P/L swing so fast! So I stopped and migrate to the swing stock trading where I could size to a comfortable level. Now that I’m giving the futures a second chance, I’m way more...

I really don’t understand the account size thing. the difference between the paper trading and the live trading is how you manage the trade once you are in and the enter timing. I usually use 50 tick PT and 30 SL so the 2 ticks in/out don’t really matter here. The problem is how the fear...

That would be ideal! I use Multicharts but I don't have the skills to translate my trading rules into a Strategy using Easy Language. Observing two different volume bars charts I try to detect when a reversal is about to take place, of course i'm not always right( ah ah I wish) but it is not...

It is really cool that people on this forum take time to write down advises and share their own experiences!

I understand that. It will take time come up with a set of rules that adjust well with all different market condition. it also takes time to learn when market condition are about to change before they are already in place.

Thank you so much for taking the time to reply! I have to say that I share the same fears when live trading. It appears in my case that fear results in more hesitation to enter the trade and then enter too late and tight the stop loss too soon when I'm in a profitable trade. And of course...

The screenshot was taken today and wasn’t an easy day to trade. Unfortunately I don’t know how to make quantitative statistic since i don’t have a specific set of rules to backtest. I’m just disappointed that I consistently make good profit on paper and on live market I probably can’t manage...

Today I was up( paper trade) $2600 trading 60 round trips as you can see in the attached screenshot. I think those are many small profits.

That is so true! Do you think trading 200 shares of QQQ instead of 1 NQ and eventually scale up the size would help? Is QQQ price action comparable of the NQ?

1 or 2. Maybe 3 a couple of times. In some trades when the price approach the stop loss, I double the contract in the attempt to close to breakeven, so sometimes I have 4 contract in play.

I have never understood why the account size is important. Losing consistently $300/day is awful regardless you have a 5k or 500k account

Thanks for replay! I usually trade 1 contract, sometime two with two profit targets. I have some price action rules that I have never been able to translate into a strategy to automate or back test. Mostly rules that come from many hours of chart observation.

Hi, I would like to share my frustration with my recent day trading experience. I have been day trading the NQ for about six months and my account is definitely shrinking. Every time I go back to the paper account I make big profits. Nothing changes, same number of R/T between 50 and 100/day...

Thanks everybody for the time you put here! I realized that i didn't give enough details. Let me expand a little more. I make roughly 90K/year with no 401K. My wife makes 70K/year but I think her business won't survive long and most importantly, she is 37 and just started her IRA last month. One...

wow! even if I'm a little bit more confused now, I thank you all for the time you put in reply my post! :)