ES Journal - 2012

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Quote from tenthousandmen:

How many people here can look at yourself and say "I made money in june"?

June has been great, but so many opportunities blew by me for want of settled funds. Reg T
 
Quote from gmst:

Sorry to hear about it but I think you have reached the right conclusion. Losing 94% clearly demonstrates that you can't trade.

Btw I had sent you a PM sometime back.

You write "do same shit over and over and over". Do you know what wrong you are doing? Can you clearly articulate and write down 5-6 points of your mistakes. If you know the reasons for your losses, then you can work on those reasons - either independently or with some partner (friend/spouse/girl friend/mentor). That will help.

Btw, I had a thread here - wherein I mentioned biggest reasons for my losses while trading ES. Thinking through the process and identifying the reasons really helped me curb those behaviors.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=241226
clearly demonstrates you need to learn how to lose,if that is over 50% of the situations you find yourself in,which is the same or more for all of us,it is more important than winning for the 1st 5 years of trading
 
Quote from DanS:

I'm really f** now. My account is down from 23k to 1300. All I do is lose. Go get a job I guess. So much for dreams. I am an idiot. I can't believe I do the same stupid shit over and over and over.
try sim for awhile,whats your criteria for getting long/short and your profit target and uncle point
 
Quote from ammo:

to add to b1 s2's post,sit on hands til a setup appears,if you have only one setup ,wait for it,don't bend over to pick up money off the sidewalk when it's not there

Agreed. I would say though, that being prudent helps the overtrader as well. It helps both the intraday trader and the outraday trader in my view also.:)
 
Quote from RichardRimes:

Welcome back Buy1Sell2...your last post in April said you were long unless we broke 1325...did you close your trade when we dropped below it?

Haven't posted any trades. I said I was trading from the long side. :)
 
Quote from tenthousandmen:

How many people here can look at yourself and say "I made money in june"?

June was a very good months, setups kept working, when they should. Just last week, market overbought, then market went down. I wish every month was this easy. Or that is July :p

I hate trending months like may.
 
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