have i been thru boom or bust? yes
i have been trading full time since april 2001, and many years part time.
i have been trading full time since april 2001, and many years part time.
Gambling Pure and Simple
- Thread starter wannabehftrader
- Start date
a little more info on my trading style.
like is said earlier i have about 50 stocks on my watchlist, 2 step process on entering trade. I have researched these 50 stocks heavily and i gave them between 1 star and 5 star for the best.
So i get a long term bias by my rersearch(fundamental) and i will enter my trade based on T/A only on the side of my bias. Example
Say xyz stock i am negative on because of fundamentals, i will only daytrade short xyz in fear that if i were to go long and bad news hits the market the stock will tank majorly. And the opposite holds true about going long stocks i like.
1 star short
2 star short
3 star long or short
4 star long
5 star long
like is said earlier i have about 50 stocks on my watchlist, 2 step process on entering trade. I have researched these 50 stocks heavily and i gave them between 1 star and 5 star for the best.
So i get a long term bias by my rersearch(fundamental) and i will enter my trade based on T/A only on the side of my bias. Example
Say xyz stock i am negative on because of fundamentals, i will only daytrade short xyz in fear that if i were to go long and bad news hits the market the stock will tank majorly. And the opposite holds true about going long stocks i like.
1 star short
2 star short
3 star long or short
4 star long
5 star long
history of me
1991 graduated high school
1993 graduated cc with an AA
1996 graduated uni with BS in Accounting
Was a corporate monkey from 1991-2001
jobs held in order starting in 1994
assistant payroll supervisor
Payroll Supervisor
Accountant
Cost Analyst
Assistant Controller
In 2004 decided to give being a financial Advisor a try. What a crock that was SALES SALES SALES SALES, not for me
So i have been thru a lot, and my only passion is in trading, My key i have to remember is be patient don't force the trade, a little descipline is what i need most in my opinion.
Time to go lay out by the pool and read a book (My life as a Quant)
1991 graduated high school
1993 graduated cc with an AA
1996 graduated uni with BS in Accounting
Was a corporate monkey from 1991-2001
jobs held in order starting in 1994
assistant payroll supervisor
Payroll Supervisor
Accountant
Cost Analyst
Assistant Controller
In 2004 decided to give being a financial Advisor a try. What a crock that was SALES SALES SALES SALES, not for me
So i have been thru a lot, and my only passion is in trading, My key i have to remember is be patient don't force the trade, a little descipline is what i need most in my opinion.
Time to go lay out by the pool and read a book (My life as a Quant)
Got that...Good Luck!!
Pre market routine!!!
Starbucks 5:30 am,,,,,,,, check
checking my list of stocks and charts and putting the top 5 i will most likely trade today, and memorizing why i like or dislike them and look for key support and resistance levels for which i will be trading off of in 3 hours, checking the futures the naz and russell 2000 charts. i have the news alert on as well if for some readon they release some key news.,,,,,,, i will work on this part till 8 am and see ifi get any premarket bites on INET ARCA.
All systems go , goal for the day is 600 bucks net.
Just wish i had an IV ofstarbucks coffee here to keep me rolling, just kidding,i thnk we rebound today but it's still early oil is down overnight so i am looking for longs today, i will post results after after each roundtrip if i dont have another setup happening.
I feel positive andvery good this am. Note to self when you throw out the line and they bite to quick hold off and be patient on the next cast. start position off at 2k shares and increase if the fish arent biting.
Starbucks 5:30 am,,,,,,,, check
checking my list of stocks and charts and putting the top 5 i will most likely trade today, and memorizing why i like or dislike them and look for key support and resistance levels for which i will be trading off of in 3 hours, checking the futures the naz and russell 2000 charts. i have the news alert on as well if for some readon they release some key news.,,,,,,, i will work on this part till 8 am and see ifi get any premarket bites on INET ARCA.
All systems go , goal for the day is 600 bucks net.
Just wish i had an IV ofstarbucks coffee here to keep me rolling, just kidding,i thnk we rebound today but it's still early oil is down overnight so i am looking for longs today, i will post results after after each roundtrip if i dont have another setup happening.
I feel positive andvery good this am. Note to self when you throw out the line and they bite to quick hold off and be patient on the next cast. start position off at 2k shares and increase if the fish arent biting.
Quote from wannabehftrader:
history of me
1991 graduated high school
1993 graduated cc with an AA
1996 graduated uni with BS in Accounting
Was a corporate monkey from 1991-2001
jobs held in order starting in 1994
assistant payroll supervisor
Payroll Supervisor
Accountant
Cost Analyst
Assistant Controller
In 2004 decided to give being a financial Advisor a try. What a crock that was SALES SALES SALES SALES, not for me
So i have been thru a lot, and my only passion is in trading, My key i have to remember is be patient don't force the trade, a little descipline is what i need most in my opinion.
Time to go lay out by the pool and read a book (My life as a Quant)
The largets group of consistent losers is composed primarily of doctors, lawyers, engineers, scientists, CEOs, wealthy retirees, and entrepreneurs, further more most of the industry best market analysts are the worst traders imaginable.
Bottom line is smarts ain't got nothing to do with trading, its all about your ATTITUDE!
short MUSE 6000 avg 5.23, for some reason i am always biased with negativity
closed it out 5.20 netted me $109 first trade, made 2 mistakes, wasnt patient on the short or cover, patience patience patience get it thru your thick skull
Patience... is it that easy? What if you patiently wait and a winner turns into a loser? How do you resolve such a dilemma?