Hey guys 
Just letting everyone know that I am starting a new journal about my daytrading the SP500 emini. My method is simple. My trading is dangerous but I feel I can squeek out a profit on most days. I have 31,445.90 in a trading account and can trade up to 50 contracts. I am a counter trend trader that looks for a pull back. I have tried to be a trend catcher but my thinking about the markets have turned me to the dark side.
My goal in the market right now is to take 200 dollars a day after commissions.
I do have a job but it allows me to trade in the mornings so trading isn't my primary income. I have a dream of making so much money in the market that I can buy a house with it. Big dream but that is my goal.
What I would like from elite trader is people that are willing to help me and encourage me and let me know there opinion on trades that have really gone against me. I know sometimes when I add to a postistion that it really was a terrible area to be adding to it and that is where I need the most help.
What I don't want is people yelling at me at my post times being a little late after the market went in my favor but I'll try my best to be prompt. I am not afraid to post you my losing days but I will tell you that when I lose it hurts a lot. I know most people think I will be nuts, crazy, stupid blah blah blah on the way I trade but this works for me when nothing else I tried did. Maybe I'll blow my account again but maybe not but after 5 months of trading this way, I have hardly any emotion, I can sleep at night, and feel good about "my" system. In the past I tripled a account in a short amount of time but would still have the shakes when entering every trade. I start of with 1 contract but the other day I was up to 16 contracts long and had to take a shower and didn't really rush it so I feel very comfortable now.
Well everyone I wish you all some great luck and trading success. Please be kind with your posts and offer any advise you feel my help me.
Right now I pay 3.75 a RT with 700 dollar margin. If someone would like to PM me a better rate, I would be more then happy to talk with them since I am looking for a better margin rate. Most days average around 7 RT's but on crazy days I have traded up to 25 contracts and would just like the comfort knowing I can trade more if/when I needed to
See you all in the morning
Just letting everyone know that I am starting a new journal about my daytrading the SP500 emini. My method is simple. My trading is dangerous but I feel I can squeek out a profit on most days. I have 31,445.90 in a trading account and can trade up to 50 contracts. I am a counter trend trader that looks for a pull back. I have tried to be a trend catcher but my thinking about the markets have turned me to the dark side. My goal in the market right now is to take 200 dollars a day after commissions.
I do have a job but it allows me to trade in the mornings so trading isn't my primary income. I have a dream of making so much money in the market that I can buy a house with it. Big dream but that is my goal.
What I would like from elite trader is people that are willing to help me and encourage me and let me know there opinion on trades that have really gone against me. I know sometimes when I add to a postistion that it really was a terrible area to be adding to it and that is where I need the most help.
What I don't want is people yelling at me at my post times being a little late after the market went in my favor but I'll try my best to be prompt. I am not afraid to post you my losing days but I will tell you that when I lose it hurts a lot. I know most people think I will be nuts, crazy, stupid blah blah blah on the way I trade but this works for me when nothing else I tried did. Maybe I'll blow my account again but maybe not but after 5 months of trading this way, I have hardly any emotion, I can sleep at night, and feel good about "my" system. In the past I tripled a account in a short amount of time but would still have the shakes when entering every trade. I start of with 1 contract but the other day I was up to 16 contracts long and had to take a shower and didn't really rush it so I feel very comfortable now.
Well everyone I wish you all some great luck and trading success. Please be kind with your posts and offer any advise you feel my help me.
Right now I pay 3.75 a RT with 700 dollar margin. If someone would like to PM me a better rate, I would be more then happy to talk with them since I am looking for a better margin rate. Most days average around 7 RT's but on crazy days I have traded up to 25 contracts and would just like the comfort knowing I can trade more if/when I needed to
See you all in the morning
