My last $150

[smallStops]

londonkid: what were the reasons you failed the LTP stage of the Combine ?

 

[londonkid]

londonkid: what were the reasons you failed the LTP stage of the Combine ?

check this post for what I believe were the reasons.

http://www.elitetrader.com/et/index.php?threads/topsteptrader.275976/page-157#post-4159740

GL.

 

[smallStops]

There you talked about psychology being the cause : was it fully the psychology or the method in itself?

 

[londonkid]

There you talked about psychology being the cause : was it fully the psychology or the method in itself?

I believe it was specifically over leveraging and lack of patience. I don't think there was any problem with my method.

 

[nitro]

Brilliant! Nitro, you should write a book.

surf

Thanks surf.

The problem with writing a book is that I don't know how to do anything half way. I would probably have a heart attack from the frustration of not being able to tell the story correctly, holding nothing back. If the book I wrote couldn't make it to my own "Please stop publishing great books" thread, I could never write it.

 

[nitro]

A good post Nitro and I agree with all you said apart form the chart bashing. I do agree with you though that 99%+ of trading advice in relation to charts is garbage. In the right hands they can be valuable though. I concur about your choice of markets and the 'critical' commodities. Swing Trading commodity calendars or interest rate curves on a seasonal basis would also be up there for a newbie to get into.

I concur it is virtually impossible to remain disciplined when you have little/no edge. Method trumps everything imo.

Thanks. I agree that "charts" can be extremely useful. But imo, it is not more than say 25% of the answer.

 

[Phill Twist]

The DJIA closed at 17615 on 10/8/2015, as the stock market rebounded big today. The Dow Jones is about to do a bearish death cross but this rally today might change things. Usually the death cross is bad when a market is trading in a tight range and in a downtrend. If we see another big up move today, the worst could be in a short term. However, September is one of the worst performing months of the year.