Please Help.. Please

mrnate22 · Dec 11, 2012

Quote from NoDoji:

So you break your rules and take mediocre setups because you're too greedy.

I've an idea that will take care of all your problems: Trade size that ensures you're leveraged to the hilt on each trade. Put that PDT margin to full use.

This should help you focus only on setups that fit your strict rules, and satisfy your greed as well.

And if you mess with your strict rules, you blow up, and all the gnashing of teeth and pulling of hair will be over. :eek:

I have a program that automatically sells my stock if my losses incur over 100 bucks so I can't trade with size..

NoDoji · Dec 11, 2012

Quote from mrnate22:

I have a program that automatically sells my stock if my losses incur over 100 bucks so I can't trade with size..

That's very good.

Regarding your strict rules: Could you hand a man-on-the-street with average IQ your rules drawn up in such a way that he'd be able to read them, understand them and use them to trade a single highly liquid instrument (stock, ETF, or futures contract) profitably, assuming he was available to trade nearly every occurrence of valid setups?

ammo · Dec 11, 2012

Quote from mrnate22:

Ammo,

I do have very strict rules.. but I still break them.. and I am serious about trading.. You lose real money so I don't know anyone who wouldn't be serious..

I trade so I can make money and Im greedy too which is probably my problem but how do u solve that?

forget about the money,clouds site of your goal,its a game, get as many points as possible while giving back as few as possible,the 2nd part is more important than the first, goal is to score the most points

jack hershey · Dec 11, 2012

Quote from mrnate22:

I have a program that automatically sells my stock if my losses incur over 100 bucks so I can't trade with size..

write your trading capital on a sheet of paper.

Move the decimal point twice.

divde by the trades per day.

this answer is when this thread comes to a close in days and when you close the suitcase you are packing.

It may take longer than surf took to blow out on the combine, but you are just as good.

Next ,consider taking up drinking; this will lead you to a 12 step program unless you are in a very serious auto wreck.

mrnate22 · Dec 11, 2012

Quote from NoDoji:

That's very good.

Regarding your strict rules: Could you hand a man-on-the-street with average IQ your rules drawn up in such a way that he'd be able to read them, understand them and use them to trade a single highly liquid instrument (stock, ETF, or futures contract) profitably, assuming he was available to trade nearly every occurrence of valid setups?

My rules are made specifically for the strategies I use so I don't think any man-on-the street will be interested.

mrnate22 · Dec 11, 2012

Quote from jack hershey:

write your trading capital on a sheet of paper.

Move the decimal point twice.

divde by the trades per day.

this answer is when this thread comes to a close in days and when you close the suitcase you are packing.

It may take longer than surf took to blow out on the combine, but you are just as good.

Next ,consider taking up drinking; this will lead you to a 12 step program unless you are in a very serious auto wreck.

Aren't you a technical trader?

jack hershey · Dec 11, 2012

Quote from mrnate22:

Aren't you a technical trader?

Only since 1957.

Before that I was in college.

In 1960, my salary was less than my trading commissions.

I pencilled in my own charts, then.

mrnate22 · Dec 11, 2012

Quote from jack hershey:

Only since 1957.

Before that I was in college.

In 1960, my salary was less than my trading commissions.

I pencilled in my own charts, then.

Wow.. You must really love trading..

NoDoji · Dec 12, 2012

Quote from mrnate22:

My rules are made specifically for the strategies I use so I don't think any man-on-the street will be interested.

So your rules are such that only you can understand them; they're not codable, so to speak.

All the best to you.

mrnate22 · Dec 12, 2012

Quote from NoDoji:

So your rules are such that only you can understand them; they're not codable, so to speak.

All the best to you.

I didn't mean it that way Nodoji.. I think your very good at technicals.. I really enjoy the charts and the advice you provide..