The treacherous path to $200k a year
- Thread starter coolweb
- Start date
Now I walk into the path where few walks.
After taking a 2 hour nap.
I have some fresh thoughts, nothing I did not know before though, but refinement is cool.
I don't learn anything new these days like before when I learned a new thing everyday. But I hope new things come up.
New mini relvations today:
1) Day should be measured for supriseness in points (important)
2) I need to calculate how many YM contracts I need to be trading to make $100k a month.
3) That new BMW 630 Coupe parked outside my house (not my car ) seems to be signaling me something while I was running, I don't know but I'm ready to take his car.
4) strongs stocks are strong stocks. Don't test.
5) I need to open up a 2nd data feed of $INDU ( I have one already) so I know when there are data glitches, I thought I had one today but it was actual drop. The very important signal I missed earlier was it.
After taking a 2 hour nap.
I have some fresh thoughts, nothing I did not know before though, but refinement is cool.
I don't learn anything new these days like before when I learned a new thing everyday. But I hope new things come up.
New mini relvations today:
1) Day should be measured for supriseness in points (important)
2) I need to calculate how many YM contracts I need to be trading to make $100k a month.
3) That new BMW 630 Coupe parked outside my house (not my car ) seems to be signaling me something while I was running, I don't know but I'm ready to take his car.
4) strongs stocks are strong stocks. Don't test.
5) I need to open up a 2nd data feed of $INDU ( I have one already) so I know when there are data glitches, I thought I had one today but it was actual drop. The very important signal I missed earlier was it.
Ah the things you learn
from just watching.
I made most of my discoveries through just watching, thinking, watching thinking.
So what am I thinking now, I'm feeling pain of course on a certain action I did earlier and did not remember to finish up and put on an alert. yes I feel that pain . and I make myself watch the pain to drill down the pain
In business everyday when I Wake up I write a schedule on what I should be doing for the day, who should I be assigning what assignments, who should be doing what, what tasks do I have to accomplish today.
And I just noticed right now (as in right now) that I did not do this for stock trading/investing. Why is this? hmm. Trading to me is a business. You have capital, You have guidelines, You have goals. You have success , You have failures.
You must have daily schedules.,
If only I freaken written it down.
But thats something we learn everyday.
Stock trading, I feel I waste too much time sitting around watching candle sticks fly by, for no reason. Its almost numbing, grunt work that doesn't even need to be done. I Don't even know why I watch this screen when I have automatic alerts.
Actually I do but thats besides the point hahah *ADDICTION TO MINDLESS TASKS* .
Well
To all the daytraders on YM, know when its time to trade and when its time to stay out, Its called daytrading, doesn't mean you have to trade everyday.
And to me:
My point on stocks were correct, strong stays strong no matter what. Don't test, Thats why I go shorto n futures long on stocks, because stocks stay strong even though the market falls, because people want that stock and keep stacking. Not so with indexes.
Last stock trade was one of my biggest capital allotment trade because of the stackings, Next trade I'll be working with 2x more capital. I hope I do well, But I guess hope is not a requirement when skills are invovled, but hope sure gives me good luck combined with all the prayers I do.
PRayers = make money.
hah
from just watching.
I made most of my discoveries through just watching, thinking, watching thinking.
So what am I thinking now, I'm feeling pain of course on a certain action I did earlier and did not remember to finish up and put on an alert. yes I feel that pain . and I make myself watch the pain to drill down the pain
In business everyday when I Wake up I write a schedule on what I should be doing for the day, who should I be assigning what assignments, who should be doing what, what tasks do I have to accomplish today.
And I just noticed right now (as in right now) that I did not do this for stock trading/investing. Why is this? hmm. Trading to me is a business. You have capital, You have guidelines, You have goals. You have success , You have failures.
You must have daily schedules.,
If only I freaken written it down.
But thats something we learn everyday.
Stock trading, I feel I waste too much time sitting around watching candle sticks fly by, for no reason. Its almost numbing, grunt work that doesn't even need to be done. I Don't even know why I watch this screen when I have automatic alerts.
Actually I do but thats besides the point hahah *ADDICTION TO MINDLESS TASKS* .
Well
To all the daytraders on YM, know when its time to trade and when its time to stay out, Its called daytrading, doesn't mean you have to trade everyday.
And to me:
My point on stocks were correct, strong stays strong no matter what. Don't test, Thats why I go shorto n futures long on stocks, because stocks stay strong even though the market falls, because people want that stock and keep stacking. Not so with indexes.
Last stock trade was one of my biggest capital allotment trade because of the stackings, Next trade I'll be working with 2x more capital. I hope I do well, But I guess hope is not a requirement when skills are invovled, but hope sure gives me good luck combined with all the prayers I do.
PRayers = make money.
hah
My plans now invovle me to go long as well as short
I did miss a signal yesterday.
Didn't think I Was going to get any, I guess that costs me some on the table money.
Stay focused.. Code some more alerts on TS!
Now is time to sharpen the knives, clean out any rust. Lets do this, Lets do this.
Todays signal: I don't expect to trade today, I trade on surprises , not on after the facts . After the facts, the moves are never satisfying enough to be in with my risk reward ratio.
But of course we might expect a 130 up DJIA day @ 2:00 PM , hahaha OWNED!
Patience, Trade what you know. If you don't know, Study more to know! Which is what I do everyday.
I did miss a signal yesterday.
Didn't think I Was going to get any, I guess that costs me some on the table money.
Stay focused.. Code some more alerts on TS!
Now is time to sharpen the knives, clean out any rust. Lets do this, Lets do this.
Todays signal: I don't expect to trade today, I trade on surprises , not on after the facts . After the facts, the moves are never satisfying enough to be in with my risk reward ratio.
But of course we might expect a 130 up DJIA day @ 2:00 PM , hahaha OWNED!
Patience, Trade what you know. If you don't know, Study more to know! Which is what I do everyday.
I still am trash talking your skills, you havent proven anything yet. I thought you had $100,000's in the bank, and now I see you are borrowing off your credit card. Hmmm.....seems to me you have tangled a web of lies, which is precisely why I doubt most everything you say.
Are you ever going to make any $$ trading (I mean more than your 200 shares for 60 cents crap)?
Are you ever going to make any $$ trading (I mean more than your 200 shares for 60 cents crap)?
credit card advances lol
I see people can't pickup jokes.
Ok thats fine.
although I'm looking for some new credit card companies to re-finance my debt at a lower interest rate then 20% a year
HSBC Visa? I heard they offered some good balance transfers at 0% APRs
I need to transfer around $1500 (what I currently have in my trading account)
To something around 15% apr a year..
Anybody know ? How about Capital one No hassles? No No No.. maybe I might get some free gifts since I have such a big balance.
I see people can't pickup jokes.
Ok thats fine.
although I'm looking for some new credit card companies to re-finance my debt at a lower interest rate then 20% a year
HSBC Visa? I heard they offered some good balance transfers at 0% APRs
I need to transfer around $1500 (what I currently have in my trading account)
To something around 15% apr a year..
Anybody know ? How about Capital one No hassles? No No No.. maybe I might get some free gifts since I have such a big balance.
With all the money you claim to have, you shouldnt have any debt on credit cards. Who carries finance charges when they have plenty of cash to pay the balance off??? Can you answer me that?
Still thinking of a story to make up explaining how a successful guy like you has CC debt?
Steve,
I just wanted to say,
Thank you.
You have no idea how much you and other people in my thread helped me reach breakout point in trading, I will tell you people why, Later..
New Goal:
<ul>I will trade 100+ ES by the end of June 2006.
</ul>
Old Goal:
I wrote on :08-24-05 12:58 AM
<b> HAS BEEN REACHED PROFTIABLY.</b>
"
I hope to reach 20-30 contracts by the end of this year,
My goals this month and a half (august-september):
"
note: I am still taking it slow, other then minor tweaks, I don't lose money or if miniscule if any.
I just wanted to say,
Thank you.
You have no idea how much you and other people in my thread helped me reach breakout point in trading, I will tell you people why, Later..
New Goal:
<ul>I will trade 100+ ES by the end of June 2006.
</ul>
Old Goal:
I wrote on :08-24-05 12:58 AM
<b> HAS BEEN REACHED PROFTIABLY.</b>
"
I hope to reach 20-30 contracts by the end of this year,
My goals this month and a half (august-september):
"
note: I am still taking it slow, other then minor tweaks, I don't lose money or if miniscule if any.