I concur with Tampa's advice above and perhaps my earlier two cents was just adding to the confusion.
I was trying to give you a specific example of fitting your trading to your personality but it looked more like a huckster's "How to Make a Million with Spiders".
See if any of this sounds like you;
1) Trading the opening orders. Do okay for a few days, then give back most. Never feel like you're getting it right. Not comfortable with it. Feel out of control and "running blind".
2) Trading off the tick, 1 minute, and time and sales. Every little move will run forever, but doesn't. Every move you get in stops and reverses just after entry, unless you get nervous and bail. Then it runs forever and you worry over it.
3) Try this stock today, that stock tomorrow. Decide you need to learn one stock. Overtrade it. Try another.
4) Try this method for 2-3 weeks, another for 2-3 weeks, how about pair trading like this guy, sector's are the ticket, let's do a basket.
5) Make a little, give it back, make a little more, give it and more back.
6) Blame the market, blame your data feed, blame the specialist, blame your lack of discipline.
I'm embarrassed to say so, but that was the spiral I found myself in. I went in with a plan on how I was going to trade, but then I lost my focus in the heat of battle. Going through changing market conditions accelerated my decline. Your specifics may be slightly different, but the results look the same from reading your posts.
I quit trading. Didn't even look at the market for 2 months. Then I started watching again. I started to focus on a methodology that felt good to me. I've been dabbling with it, looking for weaknesses in it and in me. I've been writing the plan, the rules, the contingencies. I've done better already with just a few test trades then I did in most months back then.
I don't know your situation for sure, but a lot of what I've read sounds painfully familiar. Perhaps it's hit a nerve and that's why I'm trying so hard, perhaps too hard, to help.
But perhaps the best advice is to please:
STOP and ASSESS.
Good luck to you, Tony.
I'll leave you alone now.
I was trying to give you a specific example of fitting your trading to your personality but it looked more like a huckster's "How to Make a Million with Spiders".
See if any of this sounds like you;
1) Trading the opening orders. Do okay for a few days, then give back most. Never feel like you're getting it right. Not comfortable with it. Feel out of control and "running blind".
2) Trading off the tick, 1 minute, and time and sales. Every little move will run forever, but doesn't. Every move you get in stops and reverses just after entry, unless you get nervous and bail. Then it runs forever and you worry over it.
3) Try this stock today, that stock tomorrow. Decide you need to learn one stock. Overtrade it. Try another.
4) Try this method for 2-3 weeks, another for 2-3 weeks, how about pair trading like this guy, sector's are the ticket, let's do a basket.
5) Make a little, give it back, make a little more, give it and more back.
6) Blame the market, blame your data feed, blame the specialist, blame your lack of discipline.
I'm embarrassed to say so, but that was the spiral I found myself in. I went in with a plan on how I was going to trade, but then I lost my focus in the heat of battle. Going through changing market conditions accelerated my decline. Your specifics may be slightly different, but the results look the same from reading your posts.
I quit trading. Didn't even look at the market for 2 months. Then I started watching again. I started to focus on a methodology that felt good to me. I've been dabbling with it, looking for weaknesses in it and in me. I've been writing the plan, the rules, the contingencies. I've done better already with just a few test trades then I did in most months back then.
I don't know your situation for sure, but a lot of what I've read sounds painfully familiar. Perhaps it's hit a nerve and that's why I'm trying so hard, perhaps too hard, to help.
But perhaps the best advice is to please:
STOP and ASSESS.
Good luck to you, Tony.
I'll leave you alone now.
