Playing the news, trying to make fast money, as you put it, is going to spend you to the poor house quick. Let these past trades be lessons of that.
Jinxu's Dow E-mini Journal 2010
- Thread starter jinxu
- Start date
In Hong Kong, we have a saying. "Don't go to America; you're going to wash big cookies" You're trading is telling you to get ready to start this endeavor.
May I suggest you look for American restaurants for the dishwashing job, as Chinese restaurants have too much grease on those "big cookies".
p.s. please refund your margin account, we need to keep the banks alive; ya know?
May I suggest you look for American restaurants for the dishwashing job, as Chinese restaurants have too much grease on those "big cookies".
p.s. please refund your margin account, we need to keep the banks alive; ya know?
humble and logical beats arrogant and logical.
coool & EP - These quotes are priceless
jinxu - Have you gathered any lessons here? Or do you just plan to brute force the markets into submission? We can all feel your pain. Many here offered advice to help you avoid some of it. The old saying is: "If you're gonna be dumb, you've got to be tough". We know you are tough. Anyone who can put together a trading system can't be dumb. Where do you think the missing pieces are? Execution? Account Size? Market Timing? Numerology? (just kidding on numerology
). This thread is valuable for it's advice and for being a window into the struggle of starting out, Unfortunately its not yet a success story. What are you going to do to turn this situation around?
On Punting against the News: There is a chance you can news punt against some markets having done appropriated homework. Homework for that goes well beyond pure S/D toward macro modeling of participant groups and their positions. Punting against econometric releases is not on most traders list of fun things to do. If you can't change anything else - at least stop doing this.