The morning didn't look so good. Tried a quick scalp and lost $68. That was my only day trade and now I am down to zero. Switched to the micro futures, didn't see a good entry until well into the afternoon. Actually I saw a couple of bad ones that looked like good ones that put me down $900 but I ended the day up $300 on the MNQ, so $230 to the good. Meh. That's a little better. I really need to crush it once with about a $3k win but crawl first, run later, right?
Looking at the day chart, MNQ seems to have maybe hit a bottom. Maybe it will run tomorrow. I am getting up early just in case it makes an early move. If it just sits there, I can work on some razors. I am getting behind. Recent orders have nearly wiped out my stock of ready to ship razors.
So am I a good trader yet? Meh. Not really. In the last 3 months not counting a couple of withdrawals to pay bills on my boat... Oh, and including what I still have in my Alpaca account, I have made lessee... $229.65 + 21146 + 1000 - 21000 = $1375 in almost four months. I had some big losing days... a couple with TSLA when I didn't believe the hyooooge up trend was over, and the first two days trading the micro futures. If not for those days I would have another $6k or so and I would be feeling pretty good about myself and my tiny account, which incidentally would not be all that tiny anymore. Well, at least it would be well over the PDT line.
So am I a PROFITABLE trader yet? YES YES YES!!!! And I know how to be more profitable. I just need to start DOING what I'm KNOWING consistently and without exception. It's the same in Blackjack. It's the same in Poker. It's the same in Sports Betting. You have to make rules that work and FOLLOW them, or you will lose everything. When I follow my rules, sometimes I lose. Sometimes I win. But my totals will more likely be in the green when I do follow my rules. Or ANYBODY's well thought and reasoned rules. Rules based trading works. The Turtles proved that many years ago. Instinct is for the gifted. I am not a gifted. My instincts always tell me to do crazy stuff and when I do it sometimes I win big, most of the time I lose big.
Noobs, don't confuse experience with instinct. When you see a situation that you have seen before, and usually seen it explode, it's worth throwing out a small bet on it again. When you "just KNOW" that stock has gone down far enough and it HAS to turn around on the next candle, without any reason to feel that way about it, that's betting with your guts. And that kind of courage will demolish your account. Experience sometimes defies qualification and quantification. Instinct, wishful thinking, faith-based trading, all will bleed you out.
Looking at the day chart, MNQ seems to have maybe hit a bottom. Maybe it will run tomorrow. I am getting up early just in case it makes an early move. If it just sits there, I can work on some razors. I am getting behind. Recent orders have nearly wiped out my stock of ready to ship razors.
So am I a good trader yet? Meh. Not really. In the last 3 months not counting a couple of withdrawals to pay bills on my boat... Oh, and including what I still have in my Alpaca account, I have made lessee... $229.65 + 21146 + 1000 - 21000 = $1375 in almost four months. I had some big losing days... a couple with TSLA when I didn't believe the hyooooge up trend was over, and the first two days trading the micro futures. If not for those days I would have another $6k or so and I would be feeling pretty good about myself and my tiny account, which incidentally would not be all that tiny anymore. Well, at least it would be well over the PDT line.
So am I a PROFITABLE trader yet? YES YES YES!!!! And I know how to be more profitable. I just need to start DOING what I'm KNOWING consistently and without exception. It's the same in Blackjack. It's the same in Poker. It's the same in Sports Betting. You have to make rules that work and FOLLOW them, or you will lose everything. When I follow my rules, sometimes I lose. Sometimes I win. But my totals will more likely be in the green when I do follow my rules. Or ANYBODY's well thought and reasoned rules. Rules based trading works. The Turtles proved that many years ago. Instinct is for the gifted. I am not a gifted. My instincts always tell me to do crazy stuff and when I do it sometimes I win big, most of the time I lose big.
Noobs, don't confuse experience with instinct. When you see a situation that you have seen before, and usually seen it explode, it's worth throwing out a small bet on it again. When you "just KNOW" that stock has gone down far enough and it HAS to turn around on the next candle, without any reason to feel that way about it, that's betting with your guts. And that kind of courage will demolish your account. Experience sometimes defies qualification and quantification. Instinct, wishful thinking, faith-based trading, all will bleed you out.