It's a good thing that you brought this to his attention. How else would he have known?
From 1k to 500k (Deadline: 2017)
- Thread starter K-Pia
- Start date
It's a good thing that you brought this to his attention. How else would he have known?
Didn't trade my plan.
But that's fine. 1/3 is gone on 600$.
I am left with 400$ which is tradable.
But actually I have 550$ to wire again.
So I'll be able to allocate 500$ to trade.
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It's cool to write down mistakes.
To ponder about them, solve them.
I found how not to reproduce those two.
Which, I hope, enhance my trading strategy.
However I still have to forward test them for real.
Don't ponder about problem solving ...
But define and solve problems.
Trials and errors.
Life is beautiful.
To ponder about them, solve them.
I found how not to reproduce those two.
Which, I hope, enhance my trading strategy.
However I still have to forward test them for real.
Don't ponder about problem solving ...
But define and solve problems.
Trials and errors.
Life is beautiful.
I believe in my heart, before anyone starts trading real money, they need to make 18/20 days profitable of at least $100 net in ES. Otherwise you have not allowed subconscious to believe you can do it. People who I have tried to mentor in past would secretly tell me one thing while real time trading and lose every time, whereas those who did the 18/19/20 of 20 went on to become good traders who trade for a living. Unless folks can prove to themselves they can compete with the best, I don't see how emotionally one can do it.
Really wise advice that comes straight from your heart.
I've spent a month toying and made good returns (First Page Report).
But it looks like it's not sufficient, for me, to become a good trader for real.
Don't know what's my subconscious self esteem.. But it's not mechanical yet ...
I totally transcended the rules I've built, step by step, during that loosing day.
Really ... I look for momentum and I ended to fade a strong signal ?!
Have not been protective enough neither (1tick BE)..
So I may need more Sim practice. To "automate".
But I'll learn that the hard way. Enough Demo.
Just need to sit tight. Stay aware and patient.
Lots of Thanks
I meant one needs to do simulated trading and not real time.
You need to have no questions of your Trading Plan, otherwise you not ready to sim trade. There is absolutely no fear from anyone to take a step back till you are breathing entries and more importantly managing the trade. I have over 30 rules between when chart is telling me that I should not take a good signal, then I have rules of after I am in, what to spot which tells me when to get out earlier than a target, knowing when one minute charts showing 2-3 ticks is not worth the risk of $150, I can't risk less as I didn't test this way, so all I can do is not trade till market showing expansion of movement and in your case momentum. Rules that show me by watching volume at bottom of chart that bigger traders have no "interest" in forcing market higher and I be long, same when I be short and market is not showing continuation of volume but lack of volume tells me reversal is sooner than later, get out with what I can, rules that tell me don't be a deer in headlights, that early profits than letting market hit plus one stops.
Yes Sir, to have twenty trades and even if you get plus one tick, after fees netting $8.50 times twenty is $170 and if you doing a twenty lot is $3400, all cause of one tick rule, many people don't make $3400 in a month. Let others pay those commissions and pay you lunch money.
There is no rush to become good.
You need to have no questions of your Trading Plan, otherwise you not ready to sim trade. There is absolutely no fear from anyone to take a step back till you are breathing entries and more importantly managing the trade. I have over 30 rules between when chart is telling me that I should not take a good signal, then I have rules of after I am in, what to spot which tells me when to get out earlier than a target, knowing when one minute charts showing 2-3 ticks is not worth the risk of $150, I can't risk less as I didn't test this way, so all I can do is not trade till market showing expansion of movement and in your case momentum. Rules that show me by watching volume at bottom of chart that bigger traders have no "interest" in forcing market higher and I be long, same when I be short and market is not showing continuation of volume but lack of volume tells me reversal is sooner than later, get out with what I can, rules that tell me don't be a deer in headlights, that early profits than letting market hit plus one stops.
Yes Sir, to have twenty trades and even if you get plus one tick, after fees netting $8.50 times twenty is $170 and if you doing a twenty lot is $3400, all cause of one tick rule, many people don't make $3400 in a month. Let others pay those commissions and pay you lunch money.
There is no rush to become good.
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I understood.
But one is free to learn the hard way.
You are free to wear a Pink Bunny suit down Main street as well, when you are broke cause you lost your account, they will arrest you and toss you in County jail and if you are wealthy, they will say you just eccentric and offer you to be Bunny of the Easter Parade next year. Your choice.
I've got a Goal to honor.
Bad start but I'll catch up.
I am not afraid by Mainstreet.
Pink bunnies, cops or whatever...
I don't care about the Goal.
But I feel I can make it.
So ... Got to try.
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