If I were you, go back on a simulated account until after labor day, the moves in the market will be kind of random until real volume shows up. It sounds like you need to be a lot more patient with your trading too, you are playing move to move, and not the bigger picture. Remember you aren't getting paid to pound the keys or for a few ticks. Sometimes you make the most money just sitting and watching so when you have an opportunity to trade you will be more confident and know your out since you put in the hard work of identifying the levels.
Jinxu's Dow E-mini Journal 2010
- Thread starter jinxu
- Start date
If you were able to grind out a CONSISTANT 10% a month, you'd make a grand sum of 100.00 a month. After 1yr, at 10% EACH month, you'll make a meager 1,200. It would be a very impressive % ROI, but the $ are just not there.
Someone at Mcdonalds would make about 20x your income.
Someone at Mcdonalds would make about 20x your income.
I do not understand why you all are giving jinxu so much of your time... judging from nearly every one of his posts: he is cocky, refuses to listen or take advice, and has no self control. All of these traits are linked to his personality/character - something that can't be changed⦠For some people, trading is second nature and easy to pick up. For others, it can be learned after much practice and patience. Also, there are those like jinxu, who will never be successful. He has a lack of character and the wrong personality to acquire the skill and control necessary for seccessful trading.
Until he has a reality check and realizes he isnât Godâs gift to trading, he has no chance. There is no possible way jinxu will ever have an objective view of the market: a dominant key to success.
Until he has a reality check and realizes he isnât Godâs gift to trading, he has no chance. There is no possible way jinxu will ever have an objective view of the market: a dominant key to success.
Hmmmm... I have known many traders and quite a few are cocky... I am cocky from time to time; I do not let that influence my trades. Truth is, he is unrealistic, and a piker, and who knows what else. He is also honest about his account and trades, and that says a lot.
Even if your thoughts tend this way, why do you think you are qualified to pass judgement on his forever? That's just fucked up is all.
Jinxu: do yourself a favor. Take some sim time, have patience. This is a market of sharks, very little room for error. You account is simply too small. I have been trading a lot of years and I would never trade on 300 or 500 dollar margins. I also have an RCG account that has those margins, but I do not use it that way. Your account is your tool and you are mis-using it, and it is telling you. It does not work. IB daytrade margins are a minimum for young traders. For real succes, I would say the overnight minimums are a good number.
Oh, and the summer is no time for this, as another poster above pointed out. November will be your time. Practice till then.
Who says one has to be âqualifiedâ to pass judgment on ET? Itâs an INTERNET DAYTRADING FORUM filled mostly with unprofitable tradersâ¦. To answer your question: I believe anyone can express their opinion freely. Iâm just a straight shooter and donât believe anyone needs to be âqualifiedâ for anything on ET. However, you apparently think one needs to be qualified to express his/her opinion, so why do you believe you have the authority to call him an unrealistic piker? I ordinarily will not call someone out, but I just feel he is... well.. an asshole. Now maybe it was unnecessary to be so vocaly negative about his future in trading, but I find it highly unlikely that he will ever be successful with his current attitude.
If he would treat the people who try to help wim with more respect, I would not have said anything.
Well, as you said, this is a trading forum. Given that, his account balance/statements made by him make it obvious that he is both unrealistic and a piker. It was your judgement that he will never be a trader that I thought was a bit harsh. And as you say, his attitude is poor and with it he will be unsuccessful.
And another point you make is reason for me to speak on his behalf. While what you say is largely true, at least he _is_ trading. This place has certainly gone downhill in the last decade, wrt content/traders.
I think you have grossly under-estimated the OP's ambition.
"Besides, why would I want to get a full-time job when I can make the same daily amt in less than 30 mins?"
"I just netted $455 today. If god wanted me to work full-time, he's doing a poor job convincing me."
"In the last few days I managed to bring my account from $700 to $1300 today with no down days."
"What can I do to get over this and get to the point where making $500 or $1000 or even $2000 seems like a normal day?"
Does he look like he wants a $100/month?
I agree with what's said here.
While the OP said "looking forward to lots of discussions" in the opening, and you guys can give your professional, battle-instilled advices all you want...
The moment that he sees a comment that he doesn't like, he is going to tell you to take a hike. Go mind your own business.