This is intolerable

Let me get this straight. You started trading a few weeks ago, and the instruments you decided to trade are the spies, the q's and KLAC? Why not go all the way and trade ES, NQ and QLGC?

Man, I wish I had money to burn when I started. Kids today...

nitro
Quote from agras01:

This is intolerable for me.

I started 14 weeks ago trading SPY, QQQ and KLAC. This is it!

By the first week of January, I was $500 net. The next 3 weeks were a “total” disaster.

I an in the read for $1500.

Anything I do is wrong, I am long the market sells off, I am sort the market rallies.

My account is over $30000 but if I go back to the market now is almost certain that I will keep losing.

I tried to trade small, to make few trades, make tie stops, make wide stops
nothing works.

And I know success is to product of knowledge, money management and psychology.

The last one can kill the other two. I am a wreck right now and I can talk to anyone

that is why I put this post. I don’t expect that any reply would solve my problems

but I need to get it out.

I never made any serious money daytrading, The only serious money I made was by

swing trading. I might go back to it. Daytrading I lose double, my loses and my

commissions. I longer timeframe I think I have better chances at least I proved it to

myself years ago.

I got to give myself some time to recover and some winning trades to regain my confidence

Agras
More...
 
Quote from nononsense:

Hi All,

A few soothing quotes as plucked by Ramoutar:

"Subscribers here by thousands float, and jostle one another down, Each paddling in his leaky boat, and here they fish for gold and drown. Now buried in the depths below. New mounted up to heaven again, they reel and stagger to and fro, At their wits' end. like drunken men. Meantime, secure on Garraway cliffs, A savage race, by shipwrecks fed, Lie waiting for the foundered skiffs, and strip the bodies of the dead."

"The market is a financial eco-system. Traders who never get it, will always provide food for us, the traders who do get it. You can lead a trader to a profit, but you can't make him take it. I can teach him / her how to take it, and if s/he won't take it I will."

"Traders nature will change one day, but not while I am alive. While I'm alive I will profit from it, and help other do the same."

"Things are the way they should be, if someone doesn't like the way they trade, they can change it or keep feeding."

I hope this helps

nononsense
More...

Who is Ramoutar? Where can I find more info?
 
Trading is a tough game and at least I know it.
Probably destroyed the lives of many.
I hope that this is not the case with anybody who replied to my post.

I am not giving up trading but I wont gamble my life.

Thank you all for your replies

Agras
 
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