That's fair. If you look at the other comment. I posted that a lot of the responsibility for that is mine. None the less I've admitted that and I'd like to just move on and do my journal without all the pointless debating. If no one likes my journal, thinks it's bs, than I can't trade or doesn't care, great. If no one cares than it shouldn't be an issue not to post in it.
Journal
- Thread starter nonpln
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That's fair. If you look at the other comment. I posted that a lot of the responsibility for that is mine. None the less I've admitted that and I'd like to just move on and do my journal without all the pointless debating. If no one likes my journal, thinks it's bs, than I can't trade or doesn't care, great. If no one cares than it shouldn't be an issue not to post in it.
So, you don't consider your time valuable or you're saying I shouldn't consider my time valuable? Or that debating back and forth online is a good use of our time? I have a different viewpoint, but I will respect yours.
Did O.P. say he's only been trading for 6 weeks?
Even the greatest Traders of all time seem to take around 7 years to be profitable.
Here, there's people like @Overnight who've said they've been doing this for 24 years plus and still struggle to turn a profit. Padu studied Brooks for 14 years, still struggles.
How's a person like O.P. with 6 weeks experience (if correct) supposed to be profitable!
Even the greatest Traders of all time seem to take around 7 years to be profitable.
Here, there's people like @Overnight who've said they've been doing this for 24 years plus and still struggle to turn a profit. Padu studied Brooks for 14 years, still struggles.
How's a person like O.P. with 6 weeks experience (if correct) supposed to be profitable!
Alright, then no one can ever use sarcasm or irony around you. That can be considered lying. Saying something so ridiculous in jest, isn't lying. Me being profitable every day on my funded account, that I'll be requesting a pay out for soon, talking about risk management is strength of my system and also speaking about looking for 3:00 and 3:30 longs. All that and you seriously believe I blew ALL my accounts at 3:00 and 3:30 on a short. That's a little ridiculous. It just shows your extreme bias against D1.
You had not taken any responsibility until the above. You're looking to argue and manufacturing fiction to avoid something you don't want to address (trade logic). I feel like I am arguing with a pre-teen.
I'll try to leave it here unless you post more nonsense directed at me. You don't have a legit method. Find one. Or don't.
Stop playing the victim.
lol nothing about that bait post came off as sarcasm. Again with the deflection.
Hey, why don't you summarize your methodology for your readers?
I summarized my methodology. As most other people have seen one way people fail is taking large losses and small wins. Another main reason people fail is lack of discipline. Lastly is lack of an actual edge (death by a thousand cuts, commissions and etc as you mentioned)
Summarizing:
Addressing the first issue: Looked at the best way to manage risk for D1 trading and built a risk management system around that. Taking small losses at the most optimal places, while risking as little as possible and letting winners run.
Addressing the second issue: Fully committed to following the guidelines and having the discipline to do this.
Addressing the third issue: Added a filter to assist in having an objective way to determine which direction to trade in.
Doesn't mean I won't take both long and shorts, particularly on range or neutral days. Just means some days things are more clear to me and I may lean on that.