77? Damn. I hope I do not reach that level. I don't care anymore because the main Star Wars canon is complete in the theaters. That's all I was hanging in there for.
My Pattern Day Trading Journey
- Thread starter Illini Trader
- Start date
77? Damn. I hope I do not reach that level. I don't care anymore because the main Star Wars canon is complete in the theaters. That's all I was hanging in there for.
Try leaves wiggle room that Do can define.
Then it can become a systematic approach where it even CAN boil down to
“Can I trade 100% Inline With My Plan And Rules On The Next Trade I Take”
If you have a hazy idea of what any individual "Rejection of a Level" is comprised of, and the Probability of each permutation, and the probablity of the magnitude of a move, then you are still trying.
When you have some Rules nailed down, characterizing One by One for each permutation of "Rejection of a Level" based on the trades You have taken to date, then you can discover whether you "Can trade 100% Inline With Your written Plan And Rules On The Next Trade You Take.” Then you can crank up your error log. imho
Yes, it IS a lot of work.
Dilettantes are of course welcome to try.
Wall street thrives on such attempts.
You gots to pay your dues by sweat or treasure.
Welcome to the party my friend.
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Not too many traders have to worry about losing their edge to dementia.
Aww, And I thought I had the perfect comeback!! I thought it was so good I should copywrite it.
What was it, You Pays your Money, and You Takes Your Ride? OrAww, And I thought I had the perfect comeback!! I thought it was so good I should copywrite it.
Step into the driver's seat and step on the gas.
Your total fun money is what 3-5K?
Your odds of taking the day trading world by storm on a few hours a week are slim and none.
Do something like this instead. Less time consuming, less work.
SOXL
https://elitetrader.com/et/threads/...t-right-here-baby.343012/page-11#post-5414895
Try it, You'll Like It.
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Here's a Trader and how he analyzes a prospective trade, part of which involves fib retracements, and a couple other things.
This Trader Day and Swing trades stocks, etf, futures, and takes questions daily, that's what he's doing here in real time, you can go look right now and see how his reco panned out. A good feature of 'old' youtube vids, you don't have to wonder how well the call worked, just call up the current chart for whatever the guy is on about and see 'right there' how well he did.
One Trader's method for Getting The Lay Of The Land
Here's Stevo in a video Getting To Work ...
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-23#post-5412244
Thanks, easymon, I always appreciate your input. Always something new to evaluate. While I am on here, I have been analyzing and thinking this weekend.
On 2 of my first 3 days on my Journal I went on Tilt and had very bad results. Thurs and Fri when I thought my Journal was done because I was over sensitive to a post, I did OK. So bottom line is that I think daily posting of results is not good for me at this time.
I will trade privately for the rest of July and if results are positive and I am still doing this daytrading experiment, I will post my spreadsheet for July and snip my monthly TDA statement to prove the monthly total. Otherwise I will just say it didn't work and I am on to another idea.
On 2 of my first 3 days on my Journal I went on Tilt and had very bad results. Thurs and Fri when I thought my Journal was done because I was over sensitive to a post, I did OK. So bottom line is that I think daily posting of results is not good for me at this time.
I will trade privately for the rest of July and if results are positive and I am still doing this daytrading experiment, I will post my spreadsheet for July and snip my monthly TDA statement to prove the monthly total. Otherwise I will just say it didn't work and I am on to another idea.
Are you still trading the expiration long condor strategy at all? Playing a move either way in the higher IV stocks?
No, I got tempted away by day-trading Apple. If Apple does not work out I may go back to giving that another look.