Is it because I dont care?

Quote from Cheese:
You are not being serious and you may never be serious enough for trading.
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Quote from cashmoney69:
You can think that if you'd like.
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Don't take anything Cheese says seriously. All he ever does is reply to people by telling them what morons they are - it doesn't matter what the original question was. A bunch of other members have started calling him on it and, to be fair, I have noticed that he's doing less of it now.

Do a search of his posts and check it out if you need further confirmation.
 
Quote from traderNik:

Don't take anything Cheese says seriously. All he ever does is reply to people by telling them what morons they are - it doesn't matter what the original question was. A bunch of other members have started calling him on it and, to be fair, I have noticed that he's doing less of it now.

Do a search of his posts and check it out if you need further confirmation.
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And you disagreed with me, Mr. Cheese!

:p
 
Quote from traderNik:
Don't take anything Cheese says seriously. All he ever does is reply to people by telling them what morons they are - it doesn't matter what the original question was. A bunch of other members have started calling him on it and, to be fair, I have noticed that he's doing less of it now.

Do a search of his posts and check it out if you need further confirmation.
More...
Wrong pal. Completely wrong.

Your inexperience shows when you encourage those who are either losing money or not making much and you prolong their anguish of pursuing their fantasy or their unfounded hopes.

And, no, I've never used the description 'moron' against a noob or a failed wannabe.
:)
 
It seems that the way you trade is very similar to how i'd like to trade....try a little bit of everything. However i dont want to trade futures, I'd wipe out so fast!. :( . As far as a plan goes, I need a plan like yours thats FLEXABLE.. I dont think a rock solid trading plan is going to work for me, or at least not very well.
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If you are in the 100 share block size, this is true. But typical mini contracts are comparable to trading 300-1000 share block sizes.

The ES is comparable to trading 1000 shares of something in the 50-60 share price, but this risk is offset by its lower volatility than say, APPL or SLB.

QG is by far the most fun -- That volatility is such an opportunity. 3-8% moves per day are typical. 1 QG is equiv to trading 300 shares of a $55 stock, but its so much more dangerous because its volatility. What moves 8% a day on no news and no eyebrows are raised...
 
Quote from Cheese:

Wrong pal. Completely wrong.
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The most common quote from Cheese would be which of the following:

A. I admire your inventive approach to bracketing range-bound laggards in the homebuilders, and your recent choice to go all in on the reversal is probably right on. I think a long term trend change is imminent. Observe this chart here...

B. You are completely unfit for trading. You should take your seed money and buy a nice pair of socks. You have no business in the markets and I personally will turn off your computer if I see you trading again. Also, I am secretly drawn to saying this to people. In fact, I have a custom developed scanner for identifying loser-instructing opportunities on ET.

C. I am unbelievably attracted to Carlos Mencia. I have been unable to get him out of my mind every time I sit down to my Level 2. He reminds me of a chubbier version of Sinbad from the late 80s, and lord was he a riot.
 
Quote from cashmoney69:

If I had wrote a post like this, people would just say "Cashmoney, you're not being serious about your trading, you dont have a plan, blah blah..get a real job etc etc.."

i started goin long gaps only...then added shortin' gaps...then scalpin'...after that buyin' the close on strong sectors...also take advantage of sectors dependent on the underlyin' commodities and their relations...also trade futs [asia sgx me fav] and currencies...the list goes on and on and on. practically am on the lookout for anythin' that offers opportunities.

It seems that the way you trade is very similar to how i'd like to trade....try a little bit of everything. However i dont want to trade futures, I'd wipe out so fast!. :( . As far as a plan goes, I need a plan like yours thats FLEXABLE.. I dont think a rock solid trading plan is going to work for me, or at least not very well.
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the diff is that i didnt try a bit of everythin'; i had to add new strategies cuz buyin' up gaps wasn't enough to grant a sure stream of income every day. i knew i was good at makin' money shortin' but wasn't comfy at all with it...i just pushed and forced myself into those naked short sale pos and now they make up more than 80% of my profits...my approaches matured after intense study; every time i tried somethin' just for the sake of it my trades ended up disastrously. u have to find what shows u repetitive enough patterns to give u constant good odds, then u gotta come up with a way to exploit 'em and that involves stalkin' instruments durin' diff time frames and conditions for ages, not trade blind and hope u'll stumble into somethin' that works, just aint gonna happen trust me.
 
Quote from Dogballoon:

The most common quote from Cheese would be which of the following:

A. I admire your inventive approach to bracketing range-bound laggards in the homebuilders, and your recent choice to go all in on the reversal is probably right on. I think a long term trend change is imminent. Observe this chart here...

B. You are completely unfit for trading. You should take your seed money and buy a nice pair of socks. You have no business in the markets and I personally will turn off your computer if I see you trading again. Also, I am secretly drawn to saying this to people. In fact, I have a custom developed scanner for identifying loser-instructing opportunities on ET.

C. I am unbelievably attracted to Carlos Mencia. I have been unable to get him out of my mind every time I sit down to my Level 2. He reminds me of a chubbier version of Sinbad from the late 80s, and lord was he a riot.
More...

This site is too funny. LOL :D
 
Quote from cashmoney69:

I've been trading for seven months now, so I'm still new. I keep a journal on this forum called "Adventures of a new trader" where I post charts, entry, exits, and my thoughts about the trades, I also keep a journal at my desk filled with recorded information of all kinds...

yet i'm still losing money..

Whenever I make a losing trade, I always try and figure out WHY.. Was it because

* S/R was not where I though it was
* I was impatient and did not allow the trade to grow
* Stops were too tight
* unlucky

When I lose money, my attitude is "Oh well, I can try again tomorrow". I lost 90% of my gains for this month in a two day period and I dont care as much as I think I should.

Is it because I have a hidden desire to fail?..I dont see how this is possible because I'm totally addicted to the markets, and take my trading seriously.

What do you think?

- nathan
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What are your average figures on max loss and max gain per trade, based on the top losers and gainers?
 
I made 13 trades this month

Average winner: 79.68

Average Loser: - 78.51

I came out profitable this month: 7.01

LAST month

I made 12 trades

Average winner: 46.56

Average Loser: - 130.15

Ending the month of June -678.30

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Trades for May

I made 14 trades

Average Winner 110.22

Average loser: - 28.65

Ending month of May up 571.00

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