First Month Trading

Starspa

Starspa

As many a noob has done, I made statements on this site that were not supported by experience. Now that I have experienced my first month of live trading equities, I thought I should report back; LOL!!!

First of all, I have not blown up my account, but there were some pretty close calls!!

Trading on paper is unbelievably easy compared to live trading, not because of not being able to get fills or even slippage, but because of human psychology. I may start smoking pot to see if that helps!

I started with so many TA indicators that you could barely see the candles, I'm down to VWAP, the 20 and 200 EMA's and those rarely have a great influence on my decisions.

Thanks to a wonderful woman and a few cool dudes on this site, I concentrate on price action and volume.

One thing is for certain, I love doing this, but I have been greatly humbled!!

P.S. I miss Luger's sidetracked interjections also!
 
Well I did my first month also, and I can tell it's another story when you are trading live. I also didn't blow out my account, but I wasn't profitable. I lost some money, but I used money management, so my losses are not that bad. I'm also using price action trading and hoping to improve my results in time.
 
Starspa said:
I have not blown up my account
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This is undeniably the first hurdle: well done! :)

When I sit down to start trading every morning, my first priority is not to make money on the day, but to be 100% sure I can sit down again at the same time the next morning and start trading again.


Starspa said:
I miss Luger's sidetracked interjections also!
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Some of his posts were highly amusing, I must admit ...
 
jinxu said:
Any ideas what happened to him?
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No, sorry ... no idea. (I wouldn't be shocked if he'd been "removed", though - I think he was quite often complained about, one way and another. But I have no real evidence for this suggestion at all.)
 
Xela said:
No, sorry ... no idea. (I wouldn't be shocked if he'd been "removed", though - I think he was quite often complained about, one way and another. But I have no real evidence for this suggestion at all.)
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Nevermind. It's in chit chat. I will miss him though. He never annoyed me.

Baron said:
After warning him a couple of times, I banned him. For whatever reason, he felt the need to participate in every thread even if he had nothing to contribute to the topic.
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most experienced traders know trading is not about sitting on a beach in the Bahamas with a lap top and bikini clad beauties.
it is like walking through a jungle and knowing that survival is itself a success.
 
jinxu said:
Nevermind. It's in chit chat. I will miss him though. He never annoyed me.
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Something just reminded me, there are others that post on almost every thread, with little value, that annoy me much more than Luger did; however, I would never complain, as I am quite sure I have annoyed many with my posts!
 
Starspa said:
Something just reminded me, there are others that post on almost every thread, with little value, that annoy me much more than Luger did; however, I would never complain, as I am quite sure I have annoyed many with my posts!
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well he was warned, according to Baron ...and if someone is warned....he should change

annoying people is a little different from a moderator pointing out something
 
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