Jinxu's Dow E-mini Journal 2010

Quote from jinxu:


If I didn't have to deal with bots hunting for stops, they would be much tighter. I've had many situations using tight stops that would get hit and reverse immediately from exactly where the stop was placed...So that stop was placed correctly.
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No offense but you can't blame the bots on hunting for your stops, thats complete bs and comical.

Why don't you post your charts and show where you put your stops? The people giving sound advice to you are just trying to help, but it seems as though you are very hardheaded with your thinking, but the fact is you are still learning and have a lot of work to do. You should be leveraging the help here, because right now it sounds like you aren't changing your trading at all, you keep doing the same thing over and over again hoping for a different result.

Right now you are just gambling and I guarantee your account with be 0 very soon and you will be getting paid $10hr trying to save up another $2,500 to come back and make the same mistakes you are making now. You have a tiny account now, so why not focus on making just 1 trade a day that is a good setup? Also you need to enforce a stopout for the day, how much is your max you are willing to loose each day before stopping trading?
 
Lost $105 on one trade. After commission, the account will be at an even $800 like it has done so many times before. Decided to just quit after that to prevent any revenge trading.
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. :D:D:D:D:D:D:D

... Yer noes yer wands two doo id...
 
Quote from KingDong130:

No offense but you can't blame the bots on hunting for your stops, thats complete bs and comical.

Why don't you post your charts and show where you put your stops? The people giving sound advice to you are just trying to help, but it seems as though you are very hardheaded with your thinking, but the fact is you are still learning and have a lot of work to do. You should be leveraging the help here, because right now it sounds like you aren't changing your trading at all, you keep doing the same thing over and over again hoping for a different result.

Right now you are just gambling and I guarantee your account with be 0 very soon and you will be getting paid $10hr trying to save up another $2,500 to come back and make the same mistakes you are making now. You have a tiny account now, so why not focus on making just 1 trade a day that is a good setup? Also you need to enforce a stopout for the day, how much is your max you are willing to loose each day before stopping trading?
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Couldn't have put it better myself. I would also say you're desperation to succeed will only ensure your demise. You know in life if you want something too badly you probably won't get it.

I commend your candour but you really must get back to square one and allow some feedback on your methodology. It doesn't sound like it's just a discipline problem as trading a 1 min chart is suicide for the average retail trader. You have to process info too quickly and you won't take all the best signals. 5 min or even 15 will give you a much better chance. Thinking 'my risk is less by using a 1 min timeframe' is simply a fallacy. Your getting chewed up in volatility. You need clearer signals from a longer term perspective.
 
Quote from jinxu:

I'm already in over $10k in student loan debt. I'm not using my degree and there's a high chance I will never be able to. The kind of job I can get pays at most $10/hr. It's almost impossible to save anything after subtracting cost of living. Trading is the only chance to dig myself out.

Sorry, but I completely disagree with you here. If you're getting your ass handed to you repeatedly in trading, why are you still trading real money? $10/hr is $80/day.................for the time being, that's a lot more $$$ than you'll be earning by trading on average with a $800 account.

Essentially, with such a small trading account, your best way to grow it is to keep up with the $10/hr work...it's essentially a risk-free return for you.
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Lay off guys. Its hard to trade and do homework at the same time. If feel sorry for his parents who paid for his education and were expecting something much more than" mom, i don't need a job! Ill make a million dollars trading" . They probably arnt to happy with him right now. I don't think he has any interest in getting off his 1min chart slot machine.
 
Quote from FirstDegree:


Most of my problem right now is that I see my setups, but I don't take them. It's partly because I don't trust myself and I have some sort of mental block. It's a fear. It's not a fear like "I'm scared of snakes." It's a fear of the unknown, of uncertainty. I am aggressively working on it. I'm working on myself. I'm not sitting here reading every trading book on the market and I'm not sitting here analyzing every market trying to find what works. I know my setups/signals work, it's just me that is causing me to hesitate.
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I don't mean to be rude, but if you're still struggling, then why are you giving out advice. That's like a virgin giving out advice on women. wtf!?

Anyways, that fear is one of the hardest barrier to overcome. You can't become successful unless you break through it. What I've found is that you have to dive in when you see your signal and ignore your feeling. The first time is the hardest and it gets a little easier after that.

Quote from konviction:

I don't think he has any interest in getting off his 1min chart slot machine.
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You're right. I don't see any problem with using the 1 min chart so I'm not gonna switch.
 
Quote from neveral0ne:


Jinxu i think you jinxed yourself with your cockiness and With your "amazing 700 to 2000 act "
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Oh yeah!? How much money have you been making recently?

Here's a post made by you from last year:
Quote from neveral0ne:

03-02-09 05:14 PM

Well I actually am able to make some $ on them.

The reason I lost big last year was really simple - and stupid.

1. I bought Fannie Mae...and Rode it from 13 to 6. lostlike 20k there.
2. I bought WaMu, on the day of the JPM buyout, when I came home shit was @ .20 cents....I "betted" they will buy it all out and the stock included.

I learned it the hard way, trading isnt about making bets and shit, so I kept reading and learning more and more.

I dont know what other stocks I should be trading that have good liquidity , mostly on the NYSE

http://www.elitetrader.com/vb/showthread.php?s=&postid=2329401#post2329401
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It doesn't sounds like you got the right to judge.
 
Quote from jinxu:

If I didn't have to deal with bots hunting for stops, they would be much tighter
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You think the financial industry is hunting for a $1,000 accont trader? Tin foil hat alert!!!
 
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