Dest is harmless because he has half of all ET posters blocked, and the other half have him blocked.
Made a lot of progress, but feel like there's so much more to go...
- Thread starter trader99
- Start date
He had me blocked at some point, and I told him to stop that nonsense. So he unblocked me. Nothing wrong with real traders trying to do real things with real monies. He understands that. Maybe if people stop giving him shit and listen to what he has to say, grow a thick skin and see through the gruff, they'd learn something. *shrugs*
I was in GC 2 lots. Then it pulled back. I was like not fcking again! The last time I bought GC breakout it pulled back and I took a loss. Tonight, I sat through that because the chart still looked good. Then it turned around and rallied hard.
Ironically, I couldn't even get myself to go long all day in GC. And here I am in the AH session got in 2 lots and made $661. whew. Of course after that exit, it went down. Then of course went back up but I was already taking my break. Would have been another $600+. $1200 is a nice day. Anything less than $1K seems like a waste of time. My minimum threshold is $500/day. Anything less I feel like I wasted my time. $1K+ feels about right. The long term goal is still $5K/day. Hopefully one day I can report back to all of my ETers that I've made it. Until then everyday is a new learning experience.
Now I totally understand why I can't trade futures. It has to do with SPEED! During the RTH, futures especially index futures MOVE too DAMN FAST! I'm a slow guy. That's why I like slow moving stocks and AH futures trading. i actually made more money trading futures AH than RTH! can't believe it but it's true.
What can I do to conquer this fear of speed? I've traded MNQ with so limited success.
But I'll take your advice and my own advice and just stick with stocks and stock options. They are slower moving for my taste. Options can be fast too.
P.S. shit! I took a break and it zoomed up another 5pts! WTF?! haha From my exit points, it went 11 pts higher! WHAT?! lol. such a strong trend. When I got out it was the local maxima. It pulled back a little then zoomed up again then pulled back and zoomed up again. wow.
Last edited:
Why not just trade some live cow? LE? It is slow, and needs some liquidity in there. Your chart analyses should work there, because TA works in every instrument. Right?
The MNQ will trade exactly like the NQ. If you cannot deal with the mini, you will not be able to deal with the micro. This is a fact. The mini and the micro are exactly the same thing, ASIDE FROM SIZE. If anyone tells you otherwise, they are selling you something. And I will challenge ANYONE ON THIS FORUM to prove me wrong on that. And you will see that nobody ever will challenge me on it, ever.
Exactly. Do what works for now, fantasize later!
Stay out of index futures until after the G20 summit, man, or it will wreck you. For example, I dunno' what is going on right now in the markets, because my trading machine is disconnected. Off. Tomorrow is another day. Take your profits and go home. Your head needs rest. Don't worry about the overnight action.
One other thing I wanted to mention...The index futures, and in particular the NQ, are moving up and down a lot faster than you might expect, because of the timing of the trade war and the fed decisions.
They are room 237 at this time. Just do your thing in the stocks and let the indices resolve themselves. Watch for end of July for the best hints, but expect volatility. And listen to the lyrics of Jerome Powell!
Took a bloodbath today!! Something really strange about my psychology. It has nothing to do with trading. For normal trends I can ride. For supertrends, I automatically think countertrend. It has to reverse. It has to reverse. Fck! I get run over. Normal trend I can ride it up and down.
I thought by now I have gotten rid of my countertrend bad psychology. Nope. It rears its ugly head on supertrend days. I would go long and enjoy a nice ride. Then get out with nice profits. Then later I see it run up even more. Then I have this stupid idea let's go short. It has run its course. Then it proceeds to run even more than I get totally destroyed.
Sad sad day. After all these years, I thought I got rid of this disease. if I can't get rid of this thinking then I should stop trading period. Because I'm only 1 supertrend day from a huge losses.
Or just do nothing and watch. Make my profits on the initial part of the trend. Get out and sit through it. Don't trade at all. Until I can fix this psychology and get back in and go for an even bigger ride.
Of course, those losses were in futures. Fck it!
I thought by now I have gotten rid of my countertrend bad psychology. Nope. It rears its ugly head on supertrend days. I would go long and enjoy a nice ride. Then get out with nice profits. Then later I see it run up even more. Then I have this stupid idea let's go short. It has run its course. Then it proceeds to run even more than I get totally destroyed.Sad sad day. After all these years, I thought I got rid of this disease. if I can't get rid of this thinking then I should stop trading period. Because I'm only 1 supertrend day from a huge losses.
Or just do nothing and watch. Make my profits on the initial part of the trend. Get out and sit through it. Don't trade at all. Until I can fix this psychology and get back in and go for an even bigger ride.
Of course, those losses were in futures. Fck it!
Last edited:
Didn't follow my plan. I even had the stock symbol for Slack on IB TWS. But it didn't trade yet. That would have made me $3K. While waiting for it to open I was stupid and play some futures and lost my shirt.
Of course, after I got out for huge losses then it's finally reversing... FCK! haha
Of course, after I got out for huge losses then it's finally reversing... FCK! haha
Last edited:
post a chart of the short trade that went wrong..the main problem with this site is that most people talk and do not post any graphical details..you can talk until the cows come home..but unless you come up with a way to enter and exit the market..based on what is happenng in front of you..then..need I say any more!!
btw..i have come to the conclusion (initial thoughts !!)..following many many hours of screen time..that..trying to compete with the big players by scalping for 3 to 5 ticks..with the same loss amount..is a total waste of time and effort..not only will you be working for the broker..but..the chances of making any money are very very slim
the best approach for the plebs is to step back..use the tools that the big players use..but..do not get sucked in..once one has gained experience with reading charts..it then just becomes a matter of time..of course there will be losers..but..by going for the larger moves the winners will far outweigh the losers once the entry timing has been perfected..it takes a lot of hard work and practice to get it right..but the good news is that it can be done..it is amazing what is revealed once the time and effort is put in!
the best approach for the plebs is to step back..use the tools that the big players use..but..do not get sucked in..once one has gained experience with reading charts..it then just becomes a matter of time..of course there will be losers..but..by going for the larger moves the winners will far outweigh the losers once the entry timing has been perfected..it takes a lot of hard work and practice to get it right..but the good news is that it can be done..it is amazing what is revealed once the time and effort is put in!