Grinding it out, day after day

It's like flipping a coin repeatedly and hitting a streak of five heads in a row. Doesn't happen often, but if you do it long enough you should expect to see it.

I haven't traded badly or anything, things just haven't clicked for what I'm doing. Like I said, there's been some good market action lately, and my time will come again. Hopefully soon for my wife's sake, I get kinda grumpy at times like this. I really hate losing money, lol.
 
Lescor,

a more general question. For your rtm strategies (except of the opg's), did you ever make tests between closing the trades intra day and holding them over night till the market open of the next trading day?

Thanks in advance!
 
Quote from lescor:

I lost money for years. But it was a hobby/addiction and I didn't know what I was doing at all. When I got serious about it and applied myself, I broke even for a year. Then when I went full time, it took about 4 months before something clicked and I started to make money.
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You are candid about your initial years of losing money/hobby/addiction, which takes a lack of arrogance to do. No wonder, when you finally applied yourself you succeeded.

Thanks for the thread and I hope you do, find time to, occassional post commentary.
 
Quote from austinp:

Well the good news is, it certainly ain't you... what's wrong is the stock market right now. You are right and the stock market is wrong... and it will soon return to agreement with your methods.
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Your joking right? The stock market is never wrong.
 
Quote from austinp:

Well the good news is, it certainly ain't you... what's wrong is the stock market right now. You are right and the stock market is wrong... and it will soon return to agreement with your methods.

Better news is, we can each remain solvent far longer than any market can remain irrational.

Best news is, 49 weeks left to trade in 2011. Plenty of time to reach towards seven-figure gains by new year's eve.

Pikers fixate on the starts... pros focus on the finish of any project. In the end, the end is all that really counts :)
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Rule #1 in trading: the stock market is never wrong.
 
Rule #2

Trading is a probability game. There is nothing right or wrong. With a large enough number of trades, winning-losing patterns will repeat themselves.

njrookie
 
Quote from mastacoli71:

Rule #1 in trading: the stock market is never wrong.
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the market is often wrong because it is an emotional entity. do you think the market was right during the flash crash? was the market right when panic drove it to the lows in early 2009?
 
Quote from mastacoli71:

Rule #1 in trading: the stock market is never wrong.
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The market is very often wrong. The mantra that markets are always right is just one example of rehashed rehash that is simply wrong :)
 
Quote from Free Thinker:

the market is often wrong because it is an emotional entity. do you think the market was right during the flash crash? was the market right when panic drove it to the lows in early 2009?
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likewise, the stock index market was "wrong" Wed & Thu when volume and ranges were waaay below historical norms on any measure of electronic market existence.

The market then righted itself on Friday. Meanwhile, it's our job to remain solvent longer than the market remains irrational :)
 
Quote from austinp:

The market is very often wrong. The mantra that markets are always right is just one example of rehashed rehash that is simply wrong :)
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The market is NEVER wrong. Trading opinions are irrelevant. The only thing that matters is price and volume. When price violates your theory, you're wrong.

The market will always overshoot on the upside as well as the downside. That's what makes a market. Holding positions until the market proves you right will lead you to the poorhouse.
 
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