Complacency in trading.

[vincentnyc]

Hello vincentnyc,

Currently, I am a Loser Trader in the ES futures market.

I posted my disclaimer here

https://www.elitetrader.com/et/threads/complacency-in-trading.372858/page-10#post-5800076

how long have you been trading es? 1 years, 2 years, 5 years or what?

 

[SimpleMeLike]

how long have you been trading es? 1 years, 2 years, 5 years or what?

Hello vincentnyc,

About 4 years solid, part time.

 

[vincentnyc]

Hello vincentnyc,

About 4 years solid, part time.

i know you told me you are down -4000$ ytd. what about the last 4 years? how much are you u down or up by? did you make any trade today on es so far? i'm did some es and gold trades and i'm up $465 so for today. i also made $5.50 doing door dash today.

 

[hilmy83]

Trading for me is like watching paint dry. Even a snail moves faster than how my account grows.

Seeing you all growing your accounts by double digits makes me depressed.

 

[Tradess0610]

View attachment 312874

So true. Sometimes we KNOW what to do and yet we still do the opposite.
i think this is the biggest obstacle in trading - getting the discipline and ability to execute the trading plan.

That is the reason why there are traders out there who seem to be doing perfectly well trading pretty much any strategy - even basic support&resistance levels.

And there we have traders with a refined strategy with an edge, but who are losing money due to poor money management and revenge trading...

 

[Tradess0610]

Sure. But that would also limit the upside.

I’m not interested in making pocket change. However, I’m not in a hurry to scale my account either, so as my account grows I expect risk per trade to decrease.

Oki then just keep up the good work and good luck!!

 

[Laissez Faire]

So true. Sometimes we KNOW what to do and yet we still do the opposite.
i think this is the biggest obstacle in trading - getting the discipline and ability to execute the trading plan.

Absolutely.

I'll add that there are few trading strategies/plans that works consistently across all market conditions year in and year out without losing days and that's one of the reasons it's so hard to succeed in this game. The market's changing all the time. It's the same as yesterday, yet it's not.

One day the market's trending nicely. Or even an entire week. The next day it's range bound over a wide range with the main move down and the next day it's range bound over a much smaller range with no obvious main move chopping up people left and right. Next day it's breaking out. Oh no. It was a false breakout. Back to the other part of the range. Yet another false breakout. Of course, in hindsight it looks so easy.

That is the reason why there are traders out there who seem to be doing perfectly well trading pretty much any strategy - even basic support&resistance levels.

I'll put seem in bold, because I never saw any trading statements from anyone, nor any demonstrations in real time which suggests anyone are doing perfectly well.

I'm done believing.

 

[easymon1]

 

[Tradess0610]

One day the market's trending nicely. Or even an entire week. The next day it's range bound over a wide range with the main move down and the next day it's range bound over a much smaller range with no obvious main move chopping up people left and right. Next day it's breaking out. Oh no. It was a false breakout. Back to the other part of the range. Yet another false breakout. Of course, in hindsight it looks so easy.

Best description of trading ever!!

 

[SimpleMeLike]

i know you told me you are down -4000$ ytd. what about the last 4 years? how much are you u down or up by? did you make any trade today on es so far? i'm did some es and gold trades and i'm up $465 so for today. i also made $5.50 doing door dash today.

Hello vincentnyc,

I am down about -$12,000 total within the past 4 years.

yes, I made trades on the ES. Everyday I take trade on the ES.

Good job on your winning today on the ES.