*Simulated* Trader P/L 2007

Quote from JimmyJam:

There's a lot to be said for chaos scalping, but if you learn one pattern, and either weahter the drawdown when it's not working, or learn it's opposite, you would probably do better for your trading in the long-run (especailly your state of mind).

It will help you think about what is happening, and why, but if this doesn't work for you, that's cool too.

Good trading,

JJ
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I hate that your right. Today sucked. Draw down would be far to heavy. I couldn't do this with real money and have to rely on a huge day like yesterday. I undid almost all of the gains yesterday today. I still don't think systems are the way to go though. Back to the drawing board. I may need to back off the market further in chart time frame. Presently a 8/3 combo. Maybe a move up to 15-20/5-8. I don't really intend to be a scalper so... we'll see. Have a couple of days before I leave for a bit. See ya. Thanks for your view on things.

Totals today:
Wipe out almost all gains from yesterday on way to many RT's. Not a sustainable way of trading. Need to study price more and see what I can see.

JIM
 
yesterday it was - $250
today it is + $ 115

I need to see more profitable days and also larger profit to loss ratio.
lets see as the boat sails
 
+163 yesterday
+100 today
-----------
+263 total (Com. removed)

Need to take profits when they are more considerable. I hold my trades to long. I let the last trade go from over +3 to negative a little. Not good. Need to look over most of my trades and find a reasonable average to act as a limit order target so I won't talk myself into holding on for the BIGGER move. I'm thinking 3 points would be wise. I would have much better totals and a lot less stress.

Will be gone for a bit. Maybe post later next week.
Good day. Have fun trading, or simulating, if that makes our viewers more comfy. :D

JIM
 
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