Non sense. How can you study counter party ? This is not public information.
Better advices would be :
- Why some people take the opposite side of my trade? what could be the rationale ?
- What were my mistakes ?
and most important : Why do i make again and again same mistakes ?
Trading is like sport : you need to learn the basics, train, repeat what works, erase what doesn't work, again and again and again.
In the case of K Pia : he obviously doesn't know the basics. Still a beginner. As lot of people here.
Nice you blew your account, but at least you stayed honest with it. I think starting with 1k trading futures is a horrible idea, and you'll never get an honest gauge of your daytrading skill with that small amount of capital.
That's normal I blew up.
Again, didn't have a plan really.
Got interesting signals but wasn't systematic.
Felt overconfident (Why) & let my losses run, cut short my profit.
I've been lucky once to make 200$ a day. Well, that's the game.
I Felt like I had an advantage but that wasn't clear & defined.
One day I played this way. Another day this way.
I also took too many trade (No real Plan).
I am in SIM right now but plan to restart with 2K on September 1st.
Eventually if I am good I'll be able to build up, One day, from 1-2K.
I don't know if I'll keep a journal or If it adds value for me or ET.