$1,082 into $13,940 in 15 weeks

Quote from Flashboy:

Today's Trades

2 Trades - Net Profit of $44

Beginning Balance this morning = $711.52 + 44 = $755.52

Was very patient today.. but did make a trading error..

I bailed on a trade too early.. my plan calls for trailing a stop on this type of trade.. especially being the fact that it was a long and we're in an uptrend..

I will learn to let trades like this run.. I'm bailing a little too early on my good trades and holding my losers until stopped out.. a definitely a recipe for disaster..

Reason for these types of errors I know are the fact that I'm trading with such a low account (scared money) which is causing too much emotions..
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Have you read Phantom of the Pit. Good reading about holding trades to long or getting out to early.
 
Quote from cdbern:

Have you read Phantom of the Pit. Good reading about holding trades to long or getting out to early.
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I have read it.. but not for some time now.. May be a good refresher
 
I started reading it for the first time the other day and putting Rules #1 and 2 into practice today. It made a BIG difference!!! All in all, these last 2-3 weeks have been terrific.
 
I'm not even going to comment.. the results speak for themselves..

Beg. Balance $755.52 - $228.00 = $527.52

I know this can be done but its obvious that I can't do it.. at least not right now anyway..

I have some deep psychological hangups I need to get worked out..

I think I may give Robin Dayne a call..
 

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Quote from voodster:

Flashboy, who is Robin Dayne?
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correct me if I'm wrong anyone..

She's a trader's coach. I believe she helps you deal more with your own psychological problems that you have within

She was a guest in one of the Chat sessions.. Look under chat in Elite.. and you can read the chat session or click on her name and it will bring you to her website
 
Made 3 trades today.. all were a profit of 1 tick..

And as you can see on the chart everyone of them would have yielded a few points..

Trading with a low account balance is causing me to close out trades...

Would have been a very profitable day had I traded these correctly..
 

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Man, put in your stop and your target and walk away from the computer. At least until you can make yourself hold a trade. If it is such a small account why worry?

Indahook has some good advice in the "Trading Rules" thread.

Quote from Flashboy:

Made 3 trades today.. all were a profit of 1 tick..

And as you can see on the chart everyone of them would have yielded a few points..

Trading with a low account balance is causing me to close out trades...

Would have been a very profitable day had I traded these correctly..
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Quote from LongShot:

"profit" of $12.50 are you kidding?? lol that ain't profit that's a burger and coke @ planet hollywood :p
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A + is a +.. Always look for the positive
 
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