K. Edwards Get Rich or Die Trading

Quote from GOP_trader:

You 50 cent curtis jackson. Get rick or die trying!
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Indeed. Although I've read that his latest album isn't up to par. Not into industrial rap so I wouldn't purchase it anyhow.
 
Just missed some real easy short scalps, doh. 86.50 may be on the table again though.

*size waits at 1089 on the book. Gonna get short into it if it comes.
 
Short on the 89 touch got to 88.25 and then bounced back, should have taken the scratch but because it's sim I'm holding...never a good idea. But still think 10k vol should come through on the short side.
 
There's the bogey I was looking for, 12k vol comes through at 11:28. Got out at @1088.25 for three ticks. $65.40 sim money on this one.
 
Day Summary:

Sim P/L: $105.80
Points:
(1) +2 ticks x 2 contracts: +4 ticks
(2)+3 ticks x 2 contracts: +6 ticks
Total: 2.50 points (1 contract basis)


First trade was simple upside breakout scalp, two ticks, could have got more if waited for volume.

Second trade, HELD a short breakout scalp, normally not a good idea, but I am proud because I held on to my guns in a situation I've seen before and bailed many times. On progressive selloff 'hard' volume has to come in to stop the move somewhere, and though the short was a couple ticks in the red, awareness that hard volume didn't come through yet kept me in the trade and made a profit out of it. Alas, it was sim.
 
do you have a legitimate edge or are you just tick fucking because you are struggly to be able to read PA.

based up on the trend of your PA, and your need to go back to SIM, sounds like you have a lot of screen time that u need !

My advice to you is to preserve your capital, and sim trade. Try to learn to read PA, get a decent edge, and then go back to it
 
*note: just sim.

Quick one early, long 05.25 touch to 1106.

This was just a pre-market read, wedging overnight with 1105 as high, so 05.25 touch probably had some room to upside.
 
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