My high school summer job: trading the NQ
- Thread starter zdawg164
- Start date
a tuition into trading costs quite a bit more than 230 dollars on the NQ man, but keep it up. if you feel like you need a day off take it, the markets will always be there
You need to control you emotions. Quit now until you can. You are better off spending your time and money getting laid at your age, at least that should result in some gratification.
Quote from zdawg164:
I honestly regret ever putting up that post.... I see how greed got the best of me.... I put up another trade right after that that went against my rules slightly, NEVER EVER should have entered there.... then it went just rocketed against me at a loss of about 4 points, but great... I thought the system was stuck because my sell order wasn't processing instantly. Anyways, I somehow managed to press the market sell button like twice, and before it was all over I had made 3 trades, with two .75 pt losses and and one 3.5 pt loss. Honestly, I almost wanna cry because of such a stupid greedy idiot I was... one successful trade and BAM it's all thrown out of the fucking window!!!!anyways, I lost $95 + commisions so far, so I can't trade at all for the day, I'm too shook up about what just happened. I thought I had my emotions under control.... but great.... I was once again wrong, although on that first trade, great, 1.75 pt profit....
I feel like shit for now.... even more than yesterday because today I knew I could have easily prevented this from happening...
Well I have thought about it, if I don't make money tomorrow, then you know what? Just fuck it, why risk loosing even more of my hard earned minimum wage cash... and trust me I worked too many boring ass hours at the CVS to watch it all slip away. So, if tomorrow I can't make a net profit, I will close my account, and focus on what really matters. The markets will be here next summer, so I can just do it then. I really do need to focus on two things in my life:
1. School- very important to my future well being
2. Getting laid- fucking christ, 17 and haven't even done it yet... this will ALSO help my well being.
Tomorrow, I'm expecting positive things. I think these two days have taught me something I could NEVER learn on paper, something I thought would never get to me: my emotions. Obviously I was wrong and therefore humbled. Tomorrow I my emotions will be under the best control I can use on them.
Besides, you know what they say: third time's the charm!
1. School- very important to my future well being
2. Getting laid- fucking christ, 17 and haven't even done it yet... this will ALSO help my well being.
Tomorrow, I'm expecting positive things. I think these two days have taught me something I could NEVER learn on paper, something I thought would never get to me: my emotions. Obviously I was wrong and therefore humbled. Tomorrow I my emotions will be under the best control I can use on them.
Besides, you know what they say: third time's the charm!
Good to hear. Getting laid and trading are very similar. Calculating probabilities, limiting risk and control your emotions at all times.
Good luck tomorrow. Take that money, buy some books, study, and come up with more of a long term plan to get into trading. And seriously consider stock trading next time around, do some research in all the posibilities. Futures isn't necessarily the best way to get going.
Hey zdawg, just curious. Why'd you switch from YM to NQ?
YM is somewhat kinder and gentler (if such a thing is possible in futures) than NQ. In fact it kind of begs the question: why trade futures at all? Why not start with day trading something super liquid like QQQQ? You can certainly control your risk a lot better by trading lots of 100 shares.
YM is somewhat kinder and gentler (if such a thing is possible in futures) than NQ. In fact it kind of begs the question: why trade futures at all? Why not start with day trading something super liquid like QQQQ? You can certainly control your risk a lot better by trading lots of 100 shares.
Very mature comments. Wise beyond 17 yrs imo. As mentioned you should consider the YM if you're gonna play futures. Also, most traders I've known have started by investing in stocks.
Never stop learning about how the markets work.
Honest? Stop trading...
1) Buy books on trading and read everything you can.
2) Read about the different trading styles (intraday, intermediate, long term).
3) Read about the differences between trend-following versus counter-trend. What are the pros and cons?
4) Read about how CTAs have constructed their trading strategies/systems.
5) Read Van Tharp's position size trading and risk vs reward (google it).
6) Read about 1,001 different sexual positions. Figure out why the girl should be on top first when you're at a college party.
7) Trade using NinjaTrader and a simulated account until you can triple your simulated account.
8) When you can buy your own car with 100% cash from trading, then the chicks (and college cheerleaders) will come knocking. Then, and only then, will you get laid very nicely.