Considering e-mini NASDAQ100 futures
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First things first. If you have any "Confirmation before trade"- box
checked on your platform, then uncheck it. Then do some simple
math and figure the max contracts you can buy/sell. This will be your amt. of contracts you buy or sell regardless of account status. 1 contract everyone says...that stinks, makes you feel
small and unimportant. The idea here which all these so called
traders don't want you to know is that you are going to move
the market with your positions. But again, you've got to MAX the account. Hey, no pain no gain..Bro. Don't sweat the small shit.
If the position goes against you immediately, STAY IN THE TRADE!
This is only the lemmings and unexperienced trading against you.
In fact, laugh out loud when this happens. I do. Cuz, their gonna
get whats coming to them.
Hold tight and stand your ground if it really starts going against you. This is just the market testing your worthiness. Don't let it down. Trust me on this one.
In fact the only time you should even THINK of changing your mind is if the phone starts ringing and Caller ID shows its your
Broker!
Second piece of advice: Don't answer it.
They are nonbelievers and they are only going to try and talk you
out of the position or threaten to liquidate your account.
Not true, they can't, so I wouldn't even bother with 'em.
Fuck 'em.
In fact, you call THEM back and throw out a death threat or something of that sort...you watch 'em shut the fuck up then.
Remember this, they are most likely jealous of the huge Balls you
obviously have and your level of pain tolerance.
Any real trader knows this is key to ever make big profits.
So, stick to your guns. If you start feeling ill or are even tempted
to change your mind then I'd suggest you just throw your mouse
out the window just as a first line of defense.
If you start losing your faith and sensing overwhelming regret in your convictions, then there is only one solution that works everytime.
You know what it is.
Yes.
You close the application on your system, then turn the power switch off. Take a break for the day. Come back later when you are more fresh and in a reasonable state of mind.
Next morning, if you have to. I sleep better Overnight, knowing that I didn't do something "Stupid" intraday, like get wiggled out of a position, that I was convinced was going to make money.
Anyway, thats all for now.
Basically, I've been LONG since market open. So, I know what I'm talking about. In fact when you get a little more experience you can do as I do and start "averaging down." This is a complex concept for many so I won't go into now. But basically, I own a lot of the QQQs at pretty much the average low of the day.
So, there you have it.
The Holy Grail of trading in a nut shell.
any questions or maybe moral support for any trades that you've
taken using my advice, feel free to PM me.
best-
momo
First things first. If you have any "Confirmation before trade"- box
checked on your platform, then uncheck it. Then do some simple
math and figure the max contracts you can buy/sell. This will be your amt. of contracts you buy or sell regardless of account status. 1 contract everyone says...that stinks, makes you feel
small and unimportant. The idea here which all these so called
traders don't want you to know is that you are going to move
the market with your positions. But again, you've got to MAX the account. Hey, no pain no gain..Bro. Don't sweat the small shit.
If the position goes against you immediately, STAY IN THE TRADE!
This is only the lemmings and unexperienced trading against you.
In fact, laugh out loud when this happens. I do. Cuz, their gonna
get whats coming to them.
Hold tight and stand your ground if it really starts going against you. This is just the market testing your worthiness. Don't let it down. Trust me on this one.
In fact the only time you should even THINK of changing your mind is if the phone starts ringing and Caller ID shows its your
Broker!
Second piece of advice: Don't answer it.
They are nonbelievers and they are only going to try and talk you
out of the position or threaten to liquidate your account.
Not true, they can't, so I wouldn't even bother with 'em.
Fuck 'em.
In fact, you call THEM back and throw out a death threat or something of that sort...you watch 'em shut the fuck up then.
Remember this, they are most likely jealous of the huge Balls you
obviously have and your level of pain tolerance.
Any real trader knows this is key to ever make big profits.
So, stick to your guns. If you start feeling ill or are even tempted
to change your mind then I'd suggest you just throw your mouse
out the window just as a first line of defense.
If you start losing your faith and sensing overwhelming regret in your convictions, then there is only one solution that works everytime.
You know what it is.
Yes.
You close the application on your system, then turn the power switch off. Take a break for the day. Come back later when you are more fresh and in a reasonable state of mind.
Next morning, if you have to. I sleep better Overnight, knowing that I didn't do something "Stupid" intraday, like get wiggled out of a position, that I was convinced was going to make money.
Anyway, thats all for now.
Basically, I've been LONG since market open. So, I know what I'm talking about. In fact when you get a little more experience you can do as I do and start "averaging down." This is a complex concept for many so I won't go into now. But basically, I own a lot of the QQQs at pretty much the average low of the day.
So, there you have it.
The Holy Grail of trading in a nut shell.
any questions or maybe moral support for any trades that you've
taken using my advice, feel free to PM me.
best-
momo