Hey,
I've decided to make my trading activities public. After a few days of balancing pros and cons I'd rather have a global audiance to report to & accept critisizm to become a better trader. I'm a decent trader albeit inconsistant at times. Essentially my swing trades have been feeding my day trading activity but I do get to bank some cash every time I hit a big trade.
Here is some info about myself - I'll keep it short or else I'll be compelled to spew verbal diarrhea:
I love strategy, period (chess, RTS games, number crunching & probability etc). I work part time at a large brokerage as an admn asst for a financial advisor. I'm 22 and have been trading for ~3 years.
Prior to trading I played poker & baccarat. I have net a respectible amoung of money playing both and could have made a career out of gambling, more specifically poker. Poker was exetremely popular in my area and I know a few people who were earning nice income prior to turning age of majority (in Canada: 19). I know I could have gone this route but there was too luck involved which really stressed me out. Even when I won a pot due to luck I felt pathetic. I couldn't go this sleezy route of making money. Although to people who do not know the financial world trading, portfolio management, could be seen as such.
For the first 2 years of trading I was mainly a swing trader starting out around the crash. I started intra day in 2009 and wow it was a different monster. For the most part of 09 my swing trading was feeding my day trading activities. it was only this year where I managed to scale better and take less tilt-like actions.
I only trade equities. I tried trading forex & commods but I lost ~5k, small blow TBH, but it sucked out 3 months of my time and dedication. Thanks AVA trader, fx, or w/e that broker is called. I think I payed about 1.25k in trading fees, or spreads, in that three months. I'm an idiot to think I could have scalped oil gold and currencies. My equities strategies couldn't transfer over.
I trade nice liquid large cap stocks including SPY & QQQQ. I try to focus on teck stocks and banks. I keep a close eye on FAS & MSFT, sometimes XOM & GLD. I have a list of about 30 stocks that I cycle thru. This is as much as I can say in terms of what I trade. I wont be sharing much about my strategy. I worked too ****ing hard for this to give out free strategies. I will be posting my daily P&L and giving you guys a quick synop of the day and how i messed up and could have been better.
My biggest weakness is being greedy and impatient. I end up netting 300/400 in green only to give it back in the last hour because of greed. I don't scale as much as I should and end up putting bulk 1000 share orders, of SPY, at one price @ MKT because of fear that I don't want to miss a wave. Only to be stopped out & have the trade go in my way eventually. This is exactly what happened on Friday and I don't want these bad habbits to happen again. I'm in the red $800 this month, ****, and green ~1k will leave me at my monthly avg. I swear that I am going to push my self even harder from now on and 1 or 2 grand a month is not good enough anymore.
Trading is the hardest thing I've ever done in my life and mastering disapline & avarice at the same time will leave me dead before 30 or on the cover of top trader under 30. I can't fail anymore.
I've decided to make my trading activities public. After a few days of balancing pros and cons I'd rather have a global audiance to report to & accept critisizm to become a better trader. I'm a decent trader albeit inconsistant at times. Essentially my swing trades have been feeding my day trading activity but I do get to bank some cash every time I hit a big trade.
Here is some info about myself - I'll keep it short or else I'll be compelled to spew verbal diarrhea:
I love strategy, period (chess, RTS games, number crunching & probability etc). I work part time at a large brokerage as an admn asst for a financial advisor. I'm 22 and have been trading for ~3 years.
Prior to trading I played poker & baccarat. I have net a respectible amoung of money playing both and could have made a career out of gambling, more specifically poker. Poker was exetremely popular in my area and I know a few people who were earning nice income prior to turning age of majority (in Canada: 19). I know I could have gone this route but there was too luck involved which really stressed me out. Even when I won a pot due to luck I felt pathetic. I couldn't go this sleezy route of making money. Although to people who do not know the financial world trading, portfolio management, could be seen as such.
For the first 2 years of trading I was mainly a swing trader starting out around the crash. I started intra day in 2009 and wow it was a different monster. For the most part of 09 my swing trading was feeding my day trading activities. it was only this year where I managed to scale better and take less tilt-like actions.
I only trade equities. I tried trading forex & commods but I lost ~5k, small blow TBH, but it sucked out 3 months of my time and dedication. Thanks AVA trader, fx, or w/e that broker is called. I think I payed about 1.25k in trading fees, or spreads, in that three months. I'm an idiot to think I could have scalped oil gold and currencies. My equities strategies couldn't transfer over.
I trade nice liquid large cap stocks including SPY & QQQQ. I try to focus on teck stocks and banks. I keep a close eye on FAS & MSFT, sometimes XOM & GLD. I have a list of about 30 stocks that I cycle thru. This is as much as I can say in terms of what I trade. I wont be sharing much about my strategy. I worked too ****ing hard for this to give out free strategies. I will be posting my daily P&L and giving you guys a quick synop of the day and how i messed up and could have been better.
My biggest weakness is being greedy and impatient. I end up netting 300/400 in green only to give it back in the last hour because of greed. I don't scale as much as I should and end up putting bulk 1000 share orders, of SPY, at one price @ MKT because of fear that I don't want to miss a wave. Only to be stopped out & have the trade go in my way eventually. This is exactly what happened on Friday and I don't want these bad habbits to happen again. I'm in the red $800 this month, ****, and green ~1k will leave me at my monthly avg. I swear that I am going to push my self even harder from now on and 1 or 2 grand a month is not good enough anymore.
Trading is the hardest thing I've ever done in my life and mastering disapline & avarice at the same time will leave me dead before 30 or on the cover of top trader under 30. I can't fail anymore.
. The only trends I see is: People lose money, over and over and over. 