Crazy paper trading day

[farmerjohn1324]

I'm glad I was asked to make that trading timeline. I never fully realized how correct I was in my long-term predictions on my losing trades (the oil, the gasoline, and the EURUSD). I never fully understood how completely irrelevant long-term position/swing trading is with all this increased leverage.

Are algorithms the only way to try to get a handle on the markets in the short-term? All that randomness when you zoom in on the chart. Reminds me of Heisenberg's Uncertainty Principle.

 

[Cabin111]

I'm glad I was asked to make that trading timeline. I never fully realized how correct I was in my long-term predictions on my losing trades (the oil, the gasoline, and the EURUSD). I never fully understood how completely irrelevant long-term position/swing trading is with all this increased leverage.

Are algorithms the only way to try to get a handle on the markets in the short-term? All that randomness when you zoom in on the chart. Reminds me of Heisenberg's Uncertainty Principle.

By George he's got it...

 

[Darc]

I'm glad I was asked to make that trading timeline. I never fully realized how correct I was in my long-term predictions on my losing trades (the oil, the gasoline, and the EURUSD). I never fully understood how completely irrelevant long-term position/swing trading is with all this increased leverage.

Are algorithms the only way to try to get a handle on the markets in the short-term? All that randomness when you zoom in on the chart. Reminds me of Heisenberg's Uncertainty Principle.

That's why keeping a Trading Journal and reviewing it is so helpful.

 

[farmerjohn1324]

By George he's got it...

Is there a way to profit on the short-term trading? Do you do it?

 

[Cabin111]

Is there a way to profit on the short-term trading? Do you do it?

No...And I am the wrong person to ask. My time lines are much longer than most peoples.

 

[farmerjohn1324]

No...And I am the wrong person to ask. My time lines are much longer than most peoples.

How can you do long timelines with high leverage?

 

[Cabin111]

How can you do long timelines with high leverage?

I don't...Covered call person here. I just like to look on this thread. I hardly ever post.

 

[Cabin111]

Pondering from your post here...

https://www.elitetrader.com/et/threads/best-retail-broker-for-my-needs.372068/

You are out of your league at this time. You were asking about margin accounts.

You probably need to be off of the "trading" forum and go unto the "option" forum. It's fine to read this forum, but this is for major traders. I shouldn't even be here...

It appears you are trading blood money. Rethink many of your steps please...

 

[Tradess0610]

If I were to pick one flaw with my trading psychology at the moment... It's that I would never be satisfied.

Let's say I "shot for the moon" and was successful/lucky once and made a quick $80,000 in 3 seconds...

That's more than an average salary in the USA in 3 seconds, but I wouldn't be satisfied. I'd keep trying for more and more and more until the law of averages says eventually I will lose.

I need to find a good balance between hedging risk but not hedging it so much that it takes away from potential gains.

You need to write into your trading plan when will you stop trading

 

[farmerjohn1324]

You need to write into your trading plan when will you stop trading

Are you trying to be a smart ass to someone who has made more money than you ever will?