Too Many Traders Are Cry Babies...

[MarketAddict]

All valid and good points! Lately, on positive days I'm making $1K+ on down days I lose about $200-$700. So my losing days is roughly half+ of my gains. This is what I want it to be and not out of control. The last out of control loss was with GC several weeks ago. And I have stopped trading GC. I mean I scalp here and there for nominal gains and trading "feel" experience only.

For the math to work out, on winning days when I'm "on" I have to gain way way more than $1K! Right? I think I might even push for $2k-$3K if I can swing it. So I can average out the losers and flat days. Because I do have cluster or sequence of days with flat(make nothing) or loss ($200 to $700 loss) that would push my average down. Wow. This is not an easy gig.

So mentally, my losses feel more exaggerated though on a numerical basis they are not that bad anymore. I feel more frustration than actually warranted because I thought I can trade every market conditions. I'm not there yet as a trader. Interim solution is to stay away and avoid losses. Until I get good at recognizing different market conditions and applying the right strategy..

As to low volatility and small range days, I'm going back to the drawing board to expand and revise my strategy to account for those days too. In fact, it's only my false assumption that it was low range yesterday. There's always at least ONE good push/trend every single day. The trick is to recognize it and participate in it. On small range day I can buy at the bottom of the range flip it out at the top of the range. Do that all day long and it can add up to nice profits. I've done that in the past. But the trick is in recognizing what kind of day it is.

So it's all about getting better and expanding my toolkit! Recognize rangebound day and trade accordingly. So, it's all MY FAULT. I need to get better as a trader. Progress is OK but there's always yet another problem and issue to solve or get better. The learning curve is steep.



Yep, my bad. I should have known. But from a pure chart analysis, it went down so much I should have covered! I thought the trend was still down but it can reverse very fast. I should know better since reversal trades from the bottom are my favorite and best performing trades! A taste of my own medicine.



I can stop trading NQ period given the stats on my trading performance on this instrument is poor.

Perhaps all of this is happening so that I can address my weakness and improve.

Good trading bro.. I myself make around 1k -2k a day. When the market is volatile, i can push that up to 3k to 5k a day... Right now, I'm trading the crude oil and I love it. But I do hate when the volatility gets too low and things get too choppy... but it is what it is.. I can still make money on low volatility but of course i like high volatility much more.

 

[trader99]

Good trading bro.. I myself make around 1k -2k a day. When the market is volatile, i can push that up to 3k to 5k a day... Right now, I'm trading the crude oil and I love it. But I do hate when the volatility gets too low and things get too choppy... but it is what it is.. I can still make money on low volatility but of course i like high volatility much more.

You are a much better trader than me! I haven't gotten to my ideal target of $5k/day yet! I'm only pushing $1k/day average. I feel a little crestfallen the last few days of flat to small loss.

I need motivation and confidence again. It's just normal under controlled loss and flatness.

what do u do to stay motivated and CONFIDENT?

 

[nooby_mcnoob]

what do u do to stay motivated and CONFIDENT?

Wrong question imo. The right question is: how do I remove emotion from the equation.

 

[trader99]

Wrong question imo. The right question is: how do I remove emotion from the equation.

Agreed.

I need to get rid of a lot of emotions. I have a lot of little and sometimes big edges that I've collected over the years. However, I botched it up.

I would miss an execution due to fear. Or I would get in and get shaken out because of fear even though I "knew" from my chart analysis it would go to that point.

So I took unnecessary loss. Of course, some people would argue that's hindsight. Maybe it would have gotten worse. Fine. That's a fair point. I will grant that one.

But the one that will kicks me is when I can see a super clear edge on that setup and to NOT enter the trade and just watch it run. That's the worst! Even putting on 1 lot would have benefited. But too scared. There are a few good runners I've missed that way.

Working on it.

 

[nooby_mcnoob]

Do what I do: create an interface where you don't see PnL. No numbers. That really helps.

 

[destriero]

Do what I do: create an interface where you don't see PnL. No numbers. That really helps.

I'd never do that in vol-trading.

 

[nooby_mcnoob]

I'd never do that in vol-trading.

You're an eagle. I'm still trying to leave the nest.

 

[destriero]

You're an eagle. I'm still trying to leave the nest.

Heuristics. Say you're long 1K vega and you're up $2K. Check your delta pos and cannot account for gain... vol has rallied.

 

[nooby_mcnoob]

Heuristics. Say you're long 1K vega and you're up $2K. Check your delta pos and cannot account for gain... vol has rallied.

Yeah... nope. Not there yet.

 

[nooby_mcnoob]

Heuristics. Say you're long 1K vega and you're up $2K. Check your delta pos and cannot account for gain... vol has rallied.

Though actually, if these were important to me, I'd probably create a visualization that helps me rather than actual numbers. Maybe using penguins or something.