29 turning 30. 11 years of trading. First profiting year Journal 1

[NoahA]

I honestly don't understand the perceived difference between trading stocks and futures. If anything, futures have preferential tax treatment in the US, huge liquidity, just as easy to go short as go long, but granted, you can't get zero commissions.

But aside from some pros and cons of each, is there really a huge difference with how they move? I went through your charts and am showing them down below in exactly the same format. Some are from both winning and losing days in MRNA, plus your NG trading, plus two ES charts thrown in for fun. If we take away the price scale, is it obvious which chart is a stock vs. a future? Is it that much easier to trade one chart vs. another?




The symbol and date is in the file name, but I think many of us will agree that looking at it this way, there isn't one chart that stands out as being easy to trade. A, B and C all have a very similar pattern, but B is actually an ES chart while A and C are MRNA.

If we consider D, E and F, we might see the spike up on D to indicate this was the NG chart, but its hard otherwise to distinguish them as all three are essentially an all day grind higher. D is the NG chart, E is an ES chart and F is MRNA.

Now obviously if you're making money trading MRNA but not trading NG, stick with where the money is. Likewise, if watching something gives you an edge to trade NG, then I understand why you would choose that market. But if you line up 100 charts like this, can someone conclusively say which is a stock and which is a future? And more importantly, is one easier to trade over another?

 

[Overnight]

...And more importantly, is one easier to trade over another?

It is the psychology of the amount of money gain/loss through the day. If you ever traded futures, you would know what that can be like. Here's a dare for you.

Go take a position on RB (gasoline futures). ONE contract. Compare that to 1 share of XOM. Get back to us with your results after a week.

 

[caroy]

"getting married soon"

prenup please my first marriage cost me close to a mil when it fell apart.

 

[Laissez Faire]

You seem to be doing very well lately, but, some of your comments and thoughts seems to indicate that there may be a fair bit of gambling going on. Luck goes both ways. Just as you can gamble and have bad luck, you can gamble and have good luck, too.

It would suck if you put yourself in a position that could eradicate your gains and then some in one single trade. Try to avoid that.

 

[wabu27]

8/27 +$48
Balance: $47,332
This week's earnings: $5,834

Oh my... so told myself I would trade smaller today. Instead of getting ready of 100 positions in MRNA, got 50 ready. MRNA started going sharply lower and being upward biased I am about MRNA right now because I believe it will go to 440, I went in. Goes down more. Went in 50 more. I was very careless and didn't think much of it because I thought this was going down too sharply and there must be a bounce. And of course MRNA is going to go higher... right? WRONG. Got crushed since the start of day and at one point was down $3200. And the market has just opened... O..M..G... what the hell happened to trading small. Well, I should have thought this out before shooting 50 shares after 50 shares. Tried to play MRNA but it wasn't moving the way I wanted. Was not giving that bounce. Saw an opportunity in NG (through KOLD chart) and went in NG. NG to save the day. Tried to play MRNA bounce play but omg it was just flat since mid of day today - the worst moves of a chart. KOLD was moving weird as well. Tried to scan other stocks but couldn't find opportunity in anything. Tried to hustle all day grinding and grinding. Eventually made back all the losses thanks to NG. BTW went small in NG.. thought to myself I should go bigger but didn't so don't give me too much bashing today. It was a stressful day. Can't believe I got it to positive before EOD.. I am so stressed out right now. And totally exhausted. Gosh... I could use a nap. I need a nap. I'm gonna nap.
BAC: +$40
NG: +$1,879
MRNA: -$1,871

 

[atawil]

Show us your broker statement to get better feedback

 

[newwurldmn]

In my opinion, the bigger gamble is the "getting married soon" part. If you find yourself married and go through a bad drawdown, it will be exponentially worse with a wife to support. Lots of great traders here are divorced now and living happier lives.

or exponentially better with a wife to support you.

who you marry is the most important trade of your life. If you get it wrong exercise your stop loss.

 

[Laissez Faire]

or exponentially better with a wife to support you.

who you marry is the most important trade of your life. If you get it wrong exercise your stop loss.

Agreed. There’s a third option, though.

 

[NoahA]

or exponentially better with a wife to support you.

You older guys who have been married for a long time have no idea what's out there now.

These modern women have been conditioned through social media to believe that they are the prize. They don't even consider how they can be of benefit to the man because its all about their wants and needs. The current social and political environment normalizes their natural strategy to always assess if what they managed to lock down is good enough, and encourages them to always upgrade.

What you call a "wife who supports you" is simply a woman who makes the calculation that if I give this guy some of my attention, I should reap the benefits for my time by making sure my "cash cow" is in top working order. But the minute that she starts to think that her efforts might be better spent on someone new, its game over for you. Its no different than a trade that is going against you. At some point you have to realize you got the direction wrong and take the opposite side.

Lastly, a woman who says she will support her man is lying. If we mean financial support, well, we can throw that out the window immediately. For emotional support, no woman can support a man because she will look at him in disgust for not having the skills to solve his own problem. If your trading one day goes through a rough patch and you're down on yourself and unsure of your future, she will not think "how can I help my man", she will think "what's the fastest way to latch on to the next one".

Gentleman, most of us men aren't taught this, but the truth of the matter is that a woman can only provide you with 2 things. One is babies, and two is sex. Everything else you need, you have to find elsewhere. Maybe a bit of companionship can be thrown in there, but if you start to rely on her too much for the said companionship, now you're being seen as weak, and here starts the downward spiral.

You guys that are in relationships for decades didn't find the magical unicorn, you have a woman who at the time needed a man for survival and the resources to raise children. If you tried to repeat this in the current environment, you would be dead in the water since modern women no longer have to do what the previous generation of women had to.

 

[newwurldmn]

You older guys who have been married for a long time have no idea what's out there now.

These modern women have been conditioned through social media to believe that they are the prize. They don't even consider how they can be of benefit to the man because its all about their wants and needs. The current social and political environment normalizes their natural strategy to always assess if what they managed to lock down is good enough, and encourages them to always upgrade.

What you call a "wife who supports you" is simply a woman who makes the calculation that if I give this guy some of my attention, I should reap the benefits for my time by making sure my "cash cow" is in top working order. But the minute that she starts to think that her efforts might be better spent on someone new, its game over for you. Its no different than a trade that is going against you. At some point you have to realize you got the direction wrong and take the opposite side.

Lastly, a woman who says she will support her man is lying. If we mean financial support, well, we can throw that out the window immediately. For emotional support, no woman can support a man because she will look at him in disgust for not having the skills to solve his own problem. If your trading one day goes through a rough patch and you're down on yourself and unsure of your future, she will not think "how can I help my man", she will think "what's the fastest way to latch on to the next one".

Gentleman, most of us men aren't taught this, but the truth of the matter is that a woman can only provide you with 2 things. One is babies, and two is sex. Everything else you need, you have to find elsewhere. Maybe a bit of companionship can be thrown in there, but if you start to rely on her too much for the said companionship, now you're being seen as weak, and here starts the downward spiral.

You guys that are in relationships for decades didn't find the magical unicorn, you have a woman who at the time needed a man for survival and the resources to raise children. If you tried to repeat this in the current environment, you would be dead in the water since modern women no longer have to do what the previous generation of women had to.

stop being so cynical. There are lots of good women out there and lots of bad ones.

A good woman will want you to succeed. Your success is her success. You should also want her to succeed because her success is your success.

your job is to find a good woman.