From 1k to 500k (Deadline: 2017)

[K-Pia]

I never said commissions were main reason newbies lose, but it is certainly one of the reasons that adds to them losing faster. Many believe more is better as we often taught more is better, but not the case in trading, more knowledge is better, more back testing is better. In my own trading, plus one tick was my edge, I was paying $25 bucks for commissions. It was the cost of one tick. Cause I scalp, my bottom line is anywhere from $12.50 to $62.50 per lot based on weekly stats, over half my trades are plus one tick, I have low losing percentages. But the newbie who starts in trading, more trades not better as he sides on lack of knowledge, energy to trade-takes time to work up on being focused for long periods, nervousness really cuts into body and just plainly loses focus, they overtrade and even if they get to breakeven, they lost.
I know by getting that one tick on breakeven trades, I will come out ahead as my fees are paid even if I was paying retail.

Newbies lose more often cause of lack of discipline, they trade more and often for non system trades, adds to bottom line of loss of money.

Time to make dinner.

Most newbie hate to lose.
They are greedy while loosing.
And they are fearful while winning.
That's how I feel too. Therefore ...
You end up with tiny wins,
And infinite losses.

One need an accuracy of 90%
For just breaking even.

There are lots of thread about why ..
How they fail. That's good.
So many reasons.

But one need to know it for himself.
You don't know why by reading ET.
But by analysis of his own trading.

Theoretically I make good call.
Some are wrong. But I execute, manage badly.
It's like throwing money away. I lose. Lose.
Get desperate. Fearful. Then it start.
Too early. Too late ...

One need enough size too handle noise.
Size is an edge when it comes to timing.

Enjoy your cooking !

 

[K-Pia]

All about being 2. Anticipatory and 1. Antifragile.

 

[Turveyd]

I had a trading day today, maybe 4 hours in total, was down, then up then BE, had 1 good trade 30pts put me nicely up on the day, so all good, but this is with years of trading, I've got a KILLER headache/migraine my left eye feels sore and hard to see out of bad. ( this is the norm after a long days trading )

That's the stress of trading, as Handle123 says, 1 of the major issues your going to face.

 

[Handle123]

Most newbie hate to lose.
They are greedy while loosing.
And they are fearful while winning.
That's how I feel too. Therefore ...
You end up with tiny wins,
And infinite losses.

One need an accuracy of 90%
For just breaking even.

There are lots of thread about why ..
How they fail. That's good.
So many reasons.

But one need to know it for himself.
You don't know why by reading ET.
But by analysis of his own trading.

Theoretically I make good call.
Some are wrong. But I execute, manage badly.
It's like throwing money away. I lose. Lose.
Get desperate. Fearful. Then it start.
Too early. Too late ...

One need enough size too handle noise.
Size is an edge when it comes to timing.

Enjoy your cooking !

Especially when young trader is STATS, stats by the hour, many don't see number of trades goes up longer you are watching and then your losses might be increasing. One way to solve is have a rule of max of one trade per hour. Many can't see how much money is possible, when bars have small range, chances are that is less interest in that bar, so can expect next few bars to show signs of lack of interest, when bars get bigger, shows more interest and better chance of movement.

 

[K-Pia]

Especially when young trader is STATS, stats by the hour, many don't see number of trades goes up longer you are watching and then your losses might be increasing. One way to solve is have a rule of max of one trade per hour. Many can't see how much money is possible, when bars have small range, chances are that is less interest in that bar, so can expect next few bars to show signs of lack of interest, when bars get bigger, shows more interest and better chance of movement.

Good heuristic. Filtering.

 

[Handle123]

I had a trading day today, maybe 4 hours in total, was down, then up then BE, had 1 good trade 30pts put me nicely up on the day, so all good, but this is with years of trading, I've got a KILLER headache/migraine my left eye feels sore and hard to see out of bad. ( this is the norm after a long days trading )

That's the stress of trading, as Handle123 says, 1 of the major issues your going to face.

I have a few close friends that get horrible migraine headaches, I know there are meds, some swear using magnets, electrical impulses, I believe I read of a doctor in Indy or Cinni using some kind of sonic devise in certain areas getting good results. I once had GF who got them weekly and she use to slice raw potatoes to eighth of inch, soak in apple vinegar then lay down and string along forehead and use scarf to secure, turn out lights and close eyes, she would always fell better hour later, she learned that from interior of Mexico from a doctor as medicines have to be home grown. Perhaps if it is chemical reaction between potatoe and vinegar, but worked for her.

 

[userque]

I have a few close friends that get horrible migraine headaches, I know there are meds, some swear using magnets, electrical impulses, I believe I read of a doctor in Indy or Cinni using some kind of sonic devise in certain areas getting good results. I once had GF who got them weekly and she use to slice raw potatoes to eighth of inch, soak in apple vinegar then lay down and string along forehead and use scarf to secure, turn out lights and close eyes, she would always fell better hour later, she learned that from interior of Mexico from a doctor as medicines have to be home grown. Perhaps if it is chemical reaction between potatoe and vinegar, but worked for her.

Or placebo effect?

 

[Handle123]

Or placebo effect?

Maybe, I never get migraines, finally something I don't get, so it not like I can see if for myself if it works. I am the one who questions anything that someone says works for the body. But in past eight years I have had illnesses, I have beaten Fibromyalgeria, diabetic leg/foot pain(I am not diabetic) and back pain-for back pain-we might think pain comes from the muscles but in my mind it is nerve endings-I use EMU crème, light coating of that in back areas I have pain, twenty minutes later no pain-much better for me than Vicodin as I get headaches taking that crap, yep the Emu(which is an animal) works well for me, last about six to ten hours, $12.50 from Wallgreens.

 

[userque]

I use EMU crème, light coating of that in back areas I have pain, twenty minutes later no pain-much better for me than Vicodin as I get headaches taking that crap, yep the Emu(which is an animal) works well for me, last about six to ten hours, $12.50 from Wallgreens.

Thanks!...I don't get much pain, but this is good to know! Actually, I know a couple of folks with pain issues that I'll pass this nugget of information on to.

 

[K-Pia]

16.04.06 Statement
From 548.39 to 758.86 (+210.47)
Underperforming by 11 Points or 550$.