So I was Mkt Mkr for a long time, on the floor. Took a few yrs off, now im trading off the floor. Totally different game, obviously. I was flipping oil and gld stock's well for the first 6 months, then i decided i needed a better plan and picked up the mini's. With help from a friend of mine, we have developed some great tool's and trigger's.
My first few months i was trading too many product's, 2 or 3, and the lack of detail killed me with stops. Rarely ever wrong in the long term, but execution and trade management killed me. So ive eliminated almost all but one, and really almost programmed my plan into my charts. I get actually triggers, then all i need to do is some basic 2 step analysis of mkt internals, then execute. Trouble is, the window of oppurunity is so small, and im often hosed by a tick or two. Im down about 25% in 6 months, ive reduced my volume, focused just on one product (AB), and im still not cutting it. The worst part is, my plan gives me consistantly more winners than losers. Sometimes I get hosed by a tick, then reach alittle and get stopped. My parameters give me about 2-5 good triggers a day, if i stick to it. But I can't seem to.
Shoudl I hire a monkey to just press the buttons?
Someone told me to read "TRading in the Zone"
Im just trading scared. (The wife, kids and barking dog dont help either)
Thanks, any suggestions how to beat a slump would be appreciated.
My first few months i was trading too many product's, 2 or 3, and the lack of detail killed me with stops. Rarely ever wrong in the long term, but execution and trade management killed me. So ive eliminated almost all but one, and really almost programmed my plan into my charts. I get actually triggers, then all i need to do is some basic 2 step analysis of mkt internals, then execute. Trouble is, the window of oppurunity is so small, and im often hosed by a tick or two. Im down about 25% in 6 months, ive reduced my volume, focused just on one product (AB), and im still not cutting it. The worst part is, my plan gives me consistantly more winners than losers. Sometimes I get hosed by a tick, then reach alittle and get stopped. My parameters give me about 2-5 good triggers a day, if i stick to it. But I can't seem to.
Shoudl I hire a monkey to just press the buttons?
Someone told me to read "TRading in the Zone"
Im just trading scared. (The wife, kids and barking dog dont help either)
Thanks, any suggestions how to beat a slump would be appreciated.
