...And They Have a Plan. (Live.)

MacBookProHo said:
The wise man listens and observes. While the dumb, loud, person, speaks. Real life is similar to movies.
The truly wise one usually resides in the background shadows, away from the limelight, center, stage of attention.

If I did ever start a thread, I would ask....everyone to show their broker statement history. (block off private info, of course)
I highly doubt....anyone would come forward willingly to do that,
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I have done it in this journal multiple times. You are so beneath the real, you are a joke. Quit while you are a head, ho.
 
Hello Overnight,

Have you ever thought about algo trading? Perhaps programming your trading theory and back test it for true Edge?

Thanks
 
MacBookProHo said:
There's nothing wrong with losses, don't let losses make you weird and angry. The important thing is to realize the trade loss, and minimize it. So you can continue to move forward and generate those wins down the road.

Don't be so concerned with winning every day....getting paid everyday, with trading.
Just do the process, the game, like a professional....and before you know it before your eyes....you have generated a net 50K/month...divided by 20 trading days a month....and you have averaged $2,500/day.

It's important to understand what you trade though. along with your own mind.
Don't be a dumb gambler, who's paranoid and agitated and twitchy.

If you want to make those thousands daily, you have to trade something with leverage. Aka Options. Everyone should trade SPX options, if you ask me.
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Hello MacBookProHo,

Do you know anyone making 50K/month day trading?
 
SimpleMeLike said:
Hello MacBookProHo,

Do you know anyone making 50K/month day trading?
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I don't know anyone personally. I'm rather a recluse. I'm sure there are traders out there, though, making at least 50K/month.
I'm sure there are Plenty, many, actually.

50K/month, or $2,500/day on average, is Not that much money on Wall St/trading. If you are so amazed by that number....and consider it a fantasy dream....don't. It's very realistic to achieve. Assuming the trader knows what he is doing, and not just gambling getting nowhere.

Or is this a trick question....trying to ask specifically me if I make at least 50K/month day trading?
With wall st/trading....the sky really is the limit on how much you want to make per day/week/month/year,

Some people are SO HAPPY like they won the lottery...if they could make $400/day trading. While that is a lot of money, someone can make $40K/day just as easily -- it truly is all relative,
Remember, it's about the Process of the trade. Be a professional at that. Don't let the money make you horny excited, with bulging money eyes doing happy dances on furniture}|{}|{|}

The money will come, the money will flow....IF, the trader knows what he is doing, and is wise about the process,
 
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Overnight said:
...

Also, I trimmed down the real money journal's range so you could see the last journal update properly...

View attachment 288183

THAT is what actually happened, heh. In this pic it is from trade #3
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So continuing on from the updated time range, and trade #7...

07082022atradedetail.jpg


Some boring stuff on Monday, avoided Tuesday, but Wednesday morning I decide to go in because I see the action. Everything was fine until the minutes were released, and then I saw the NQ do something I never saw it do before. Insta-spike up (normal), bought in, then insta- spike down (somewhat normal).

So I pulled a Volpri by averaging in because I figured it would spike up again soon, which it did. So I exited. Then it insta-spiked down again shortly after selling? (Very unusual) Then it slowly rose up again. (Very unusual) So I stayed out for rest of day. And rest of week as well. Was feeling a bit rattled, and sad I missed Thursdays glorious bull run. But, it is what it is because I still have this shit in back of my mind...

Openpositions07082022.JPG


Almost made it on the MES! It's getting closer and closer! But I fear this may be just another week-long bear market bounce, just like the last 3 this year.

So waiting for more bull gumption.

I am really more concerned about the MYM position making it through the late summer, because it is still way down. We'll see how earnings goes for Q2, and banks may surprise to the upside (good for Dow). But until then I am not comfortable buying a Dec contract to average in.
 
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