The treacherous path to $200k a year
- Thread starter coolweb
- Start date
note:
I am not looking for advice on how to succeed in trading. Please do not give any. This is a journal of thoughts
Whats the best feeling in the world?
Is it
Able to put on a position $30 stock with a 7 cents stop lost and have it take off into a $4 profit into $34
For a 1:60 profit ratio?
Close....
But no.
Its doing it the 2nd time, the 3rd time, the 4th time, the 5th time.
That is the best feeling in the world, ability to size up a position / stalk the price action and sniper it down to its last cent!
BIG Money is made through
a) size
b) Incredible r/r ratios
c) Ability to duplicate the procedure.
I am not looking for advice on how to succeed in trading. Please do not give any. This is a journal of thoughts
Whats the best feeling in the world?
Is it
Able to put on a position $30 stock with a 7 cents stop lost and have it take off into a $4 profit into $34
For a 1:60 profit ratio?
Close....
But no.
Its doing it the 2nd time, the 3rd time, the 4th time, the 5th time.
That is the best feeling in the world, ability to size up a position / stalk the price action and sniper it down to its last cent!
BIG Money is made through
a) size
b) Incredible r/r ratios
c) Ability to duplicate the procedure.
<b>
note:
I am not looking for advice on how to succeed in trading. Please do not give any advice. (comments on techniques allowed). This is a journal of thoughts
</b>
EXPE LONG - Sold 21.76 -> 21.66 - 0.10 cents.
Will re-enter once reaching optimum price, All other positions held
MNST - short
note:
I am not looking for advice on how to succeed in trading. Please do not give any advice. (comments on techniques allowed). This is a journal of thoughts
</b>
EXPE LONG - Sold 21.76 -> 21.66 - 0.10 cents.
Will re-enter once reaching optimum price, All other positions held
MNST - short
MNST short- closed 1/3 $21.80 -> $21.08 +.72
Holding 2/3 for 3 more days,
In short positions we try to close position faster, the faster they fall the faster they rise,
There is less pyramiding while in short positions.
Speculative time is set for 3-5 days if more then 10%
5-10 days if under 10%
Holding 2/3 for 3 more days,
In short positions we try to close position faster, the faster they fall the faster they rise,
There is less pyramiding while in short positions.
Speculative time is set for 3-5 days if more then 10%
5-10 days if under 10%
Just curious,
Who is "WE"?
Suggestion: Get a blog...
Michael B.
Who is "WE"?
Suggestion: Get a blog...
Michael B.
ElectricSavant,
Seriously, you must think why you are still on the bottom rung after trading for so long, Isn't it time to reflect and wonder why you still make peanuts when I can hold myself in futures within 3 months.
Its like how you use to debate with Scientist, I was laughing at all your sceptic posts in the archives while Scientist was clearing in 300k a year easy, You were still running around trading every instrument thinking you are informed in trading.
Time to reflect buddy.
Anybody who trades successfully (directional) who is looking at my thoughts would know what I'm talking about.
You on the other hand don't even know your head from your ass but think you are still a master trader.
LOL I'm laughing at you all the time, and its not only me!
Seriously, you must think why you are still on the bottom rung after trading for so long, Isn't it time to reflect and wonder why you still make peanuts when I can hold myself in futures within 3 months.
Its like how you use to debate with Scientist, I was laughing at all your sceptic posts in the archives while Scientist was clearing in 300k a year easy, You were still running around trading every instrument thinking you are informed in trading.
Time to reflect buddy.
Anybody who trades successfully (directional) who is looking at my thoughts would know what I'm talking about.
You on the other hand don't even know your head from your ass but think you are still a master trader.
LOL I'm laughing at you all the time, and its not only me!
coolweb,
Who wins the race...the tortoise or the hare?
Good trading to you
Michael B.
Who wins the race...the tortoise or the hare?
Good trading to you
Michael B.
ElectricSavant,
The person with the most money in the trading account wins the race that does it in the least amount of time.
Why don't you go trade man, stop stalking the thread, its unproductive for everybody including me when I have to reply to your post.
I get nothing from talking trash to you, neither do you, lets both shutup and worry about the trading account.
This is a Journal not a blog, I suggest you take my comments to heart instead of being so hateful. Grow up man, you might learn something. Have you not lost enough money and time?
No need to reply...carry on.
Michael B.
No need to reply...carry on.
Michael B.
