Chronicles of an Idiot

Quote from VisionTrader:

5 Postions Taken
3 Sucessful
2 Failed

60%

Daily P/L = +4.5 Points

1 contract = $225
5 contracts = $1,135
10 contracts = $2,250

Thanks once again Breakout. Enjoyed your company. Hope to be back tommorrow. Till then....
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Okay...I guess the point was...just don't fool yourself. It's fun
to write down, "I would have made $2,250 today if I had traded
10 contracts, and another thing to do it. hehe
 
Quote from Breakout:



Okay...I guess the point was...just don't fool yourself. It's fun
to write down, "I would have made $2,250 today if I had traded
10 contracts, and another thing to do it. hehe
More...

Understood. Would like to grow up to be able to trade 10 contracts. For every $5000, I earn I add one contract. I just figure there are some who trade 10 lots. I want to trade 10 lots and take my scraps out during the day. That's my goal.

At some point, I will post my money management objectives.....Everyone should have a field day with this. Another time.....:p
 
Quote from Breakout:




Yep, sometimes it's better to go along with the trend...hehe
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I just got another strong signal to go long. Not taking it though. Only an idiot would do that!!

Signed Hardheaded
 
For those of you playing the home game. The signal was there to go long. It was all I could do not to take it. It did produce two points at this point.

I am trying to be a prudent trader. Really wanted to take it. I'll wait for confirmation of a change in direction.
 
Here is the basis for the trade. Produced 4 points.

There was also a nice long signal @ the 11:41 candle. I would have only taken this for two if I had tried it. Seemed idiotic at the time.
 

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