Its so easy to pull the trigger on Trades when trading electronically

F

Flashboy

I just started trading E-mini electronically this week. I made 4 trades Monday and 6 trades today..

With electronic trading and such low commissions its much easier for me to justify to myself taking a trade..

My thinking is if it doesn't work.. heck all I need to do is get out or even make a .25 of a point and I come out ahead on the trade.

Well, this is making me take trades that I shouldn't be taking..

I'm trying to step back, slow down and realize that I don't need to try and make 10 points a day... with my goals and circumstances, I have a full time job, all I need is 2 points a day at most.. or just 6 points a week even.. to get to where I want to be..

I feel this is why so many traders fail.. they fail to control their emotions..

I'm one trader who's working on it..

Jeff
 
You can't conclude after just one week, even after 6 months even after 2 years since many professionals future daytraders lose their shirts after 4 years :).

Quote from Flashboy:

I just started trading E-mini electronically this week. I made 4 trades Monday and 6 trades today..

With electronic trading and such low commissions its much easier for me to justify to myself taking a trade..

My thinking is if it doesn't work.. heck all I need to do is get out or even make a .25 of a point and I come out ahead on the trade.

Well, this is making me take trades that I shouldn't be taking..

I'm trying to step back, slow down and realize that I don't need to try and make 10 points a day... with my goals and circumstances, I have a full time job, all I need is 2 points a day at most.. or just 6 points a week even.. to get to where I want to be..

I feel this is why so many traders fail.. they fail to control their emotions..

I'm one trader who's working on it..

Jeff
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I have known the open cried market in France and there is a difference between electronic and open cried: it is easy to pull the trigger but the slippage is not the same. I was a micro-scalper before and when electronic came I didn't suspect any difference before I realise that I had lost my competing advantage on this scale so I have to go on upper scale although I continue to do scalping it was no more a scalp of a few seconds as before.

If you remember reminiscence of a stock operator, Livermore described the same type of problem he didn't realise at first.

Quote from Flashboy:

TKO,

no I have never traded on the floor before..

Been trading off and on for about 4 years...
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