Got into trading after college, 1 year retail, 1 month prop so far...I have issues..

So, it was my first day trading Live funds. I am still positive but could have been much better.
The problem was that I was getting trade closure rejections on few occasions and closed few trades at less profit that I actually had. 1 trade I was up $20, tried to close. Yellow window started appearing rejecting . It was funny since I was selling into buying frenzy. There was no liquidity issues. 30 000 shares were on sale. Few trades was closing at 4-5 ticks but got only 1-2.
I wonder, what that might mean? Why trade rejections for only 100 shares when so many shares available? I see no sense.
I was then only positive guy today out of 10 new traders and 7 of them have been trading for 1-2 months.
Generally, I am not happy with this day . It has been my worst.
 
well, 2 last days not good. Kinda forgot I have only 2-3 ticks stop loss and daily limit of $20. so gotta be more careful in picking trades even in right direction. I am too trigger happy, which was originally problem in Forex too. Gotta pick better entries with lower risk per trade. will be working on this since today. I use too aggressive entries.
There was a guy in our office yesterday and he made a few very good suggestions exactly regarding this problem. Gonna start using it today. let's see.
 
I tried something new on Friday, traded Micro , Amat, and WFT all day long.

Instead of doing the "usual" which is get into a position with "certainty" I usually got smoked 'coz the move already happend that I wanted to get on, and I would get in @ a top of a green candle, or short @ the bottom of a red candle..

Friday I started getting in on the Low/s Green or Doji's and shortin @ tops... it was more uncertain..but I was actually making money more, than before.

Nothing crazy but I got back from beind down -120 to -47$ ... with that simple change to my trading...well see how nxt week goes.

I traded 300 share lots.
 
I was $14 down on Friday. But I should not have.

The problem is that I was told 2-3 ticks down , stop loss. I am getting paranoid after I am 5 ticks down. Also, when I traded Demo, I traded in the first 20 minutes after open, but now with real money i am not permitted, hence need to think of something new.
Ok, i closed that trade at 7 ticks and it even did not reach previous low. It went straight 60 ticks up.
I also notice nobody at least among those guys who traded Demo with me respect that 2-3 ticks rule. I have seen them running trades up to 60 ticjks against them, thjis is obviously a wrong thing, but so is 2-3 ticks. and I believe 2-3 ticks rule in most cases is idiotic. Unless these 2-3 ticks is under / above some S/R line. It is just not wise to set 2-3 ticks stop loss in the middle of nowhere and tell close it when 2-3 ticks down. i have been trading FX for quite a while and know perfectly risk control/ money management rules. Stop is always under/ above some S/R and it is just that it is good to minimize the risk related to potential gain.
I have some idea and gonna start testing it next week.
I will be looking for trades with up to 12 ticks risk and with at least double win potential.
Will reduce number of trades and look only for this set up I have been looking at this weekend.
Need also to ask manager to explain the strategy he mentioned.
That was a little bit confusing.
 
they want you to do size because thats how they make money on you and it may get their pp/s down.

sounds like you are making good progress...keep it up.
 
No I left the firm about 1 week ago, because towards the end I was unable to "hand trade" and trade based on technical analysis, but I was forced to do volume on scalps on Citi , as well as focus on their automated box trading system.


I am currently looking for other firms in NYC area.
 
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