Took out a loan to transition to full-time trading. Now 27 years old.

1/29: +$116
Easy Peezy Lemon Squeezy. Tried 2 contracts today. Oh my the thrill!! hahahaha. It was a really undecisive day for NG, trying to decide whether it should fall more or start the rise. Tomorrow's report will be a reason to start making a move. Fun Fun Fun. 2 Contracts. Back to 2. 2. 2... if I can get 10 ticks a day.. that's $4000 a month. My goal for February. I'm excited and scared at the same time. Very worried. Approaching my 10 year anniversary of trading stocks. If I can't do this simple thing of averaging 10 ticks a day, I really shouldn't depend on daytrading for my income. I put the spotlight on myself. No excuses.



...and watch... I lose big tomorrow and I'm back to 1 contract. LOLOLOL. fml. every time.
 
1/30: +$67

NG report today. I was picture 2 scenarios; 1. NG goes straight up following the report. 2. NG drops first to get rid of some people, than bounces back up gradually and will finish the day positive (massive gain!). It looked like scenario 2 was happening so I was super excited, maybe get a hude profit today using 2 positions. Note to self: forgot how hard it was to get "simply" 10 ticks a day.
 
1/31: +$65

IS whoever controlling NG following my post? It's like whenever I say NG is about to go up, the rising momentum gets cut and it trickles back down. That was the case of NG today. Trying to make some movements to go up, which I followed very closely, but failed to. Barely went in and out today. Watched the charts all day and probably spent maybe a minute or two actually in a position.

This week I made $389. Four of five days were positive.

I've traded 43 days so far. 23 of those days were positive. Overall, I'm negative $3,919. :(

February goal: average 10 ticks a day. Doesn't matter whether it's 1 or 2 positions. Just get 10 ticks.
 
There was a member named Failed Trad3r who was uncanny at predicting the opposite market moves until he finally went silent. Was he being faded because everyone believed he was wrong, or was he yanking everyone's chain with a handle like that.....

A few long running newsletters are like that. They might still be in business for their contrary predictive streak. :)
 
Wide Tailz said:
There was a member named Failed Trad3r who was uncanny at predicting the opposite market moves until he finally went silent. Was he being faded because everyone believed he was wrong, or was he yanking everyone's chain with a handle like that.....

A few long running newsletters are like that. They might still be in business for their contrary predictive streak. :)
More...

Predicting opposite market moves to whom ?

He may have went silent because he changed his user name, moved to another forum / twitter / stocktwits or worst (died).

Also, whom is everyone...you mean everyone at this forum was fading him because everyone believed he was wrong ?

Seriously, never heard of him/her.

wrbtrader
 
2/3: +$182
NG was dropping pretty steeply from the open and to me, it looked like this was the start of the bull. Monday morning - lose all the wussies - long ride up for months for 2020 results.
Liked what I was seeing in both Investing and Yahoo finance charts. It looked like it had a small room to go down before going up, but I thought this was the fake so I got a position in even though it felt a little early. I didn't want to miss the long ride up today. NG did go a little lower, and I played my positions alright. Mid-day I was losing focus and played some cellphone games while watching the chart...and missed safe chances to exit and could have got back in later. Overall, today was good. Was safe. Didn't try to make too much money which makes me overtrade. Today was a fairly easy day to predict and play off of. And I managed to get close to my daily goal of $200 but it's more difficult than I thought.
 
2/4: +$252

Oh how much I wanted to keep a position in yesterday because a double bottom support formed and an extreme downward movement on a Tuesday when NG itself is already so low? not likely...which is all the more reason it may happen so trying not to become a gambler I am, I just watched. From the open, today's movement was basically what I pictured to happen yesterday... little room on downside but because NG will start popping up, who wants to provide a safe entry to all the losers? downside room will not fill, it will build strength, than start going up. Uncomfortable looking chart so just had to watch it go up. Got like 6 ticks out of the big 50 tick ride. LOL. I wasn't sure how much it would go up today, but watched couple possibilities and entered 2 positions to short near the top. 4 ticks away from the very top, 2 positions entered in short, and that's when I made most of my gains today. 2nd half of day, NG being undecisive so I did go in and out for 3-4 ticks, but had to cut short as no clear signs of direction.

Very thankful. 2 out of 2 days of success. However, yesterday and today were modestly fair easy days. When oil report comes out tomorrow and NG's report comes out on Thursday, I either win small or lose big. hahaha...nope,,, actually not funny... ... LOL
 
2/5: +$216

Today's post may deter many people from thinking I'm legit but im going to say it anyway because its all true. Last night around midnight, saw the chart going lower which left a good room to run for the bulls today during market hours. I predicted it will go even lower, open the market a little above the very lows of Jan 30 and Feb 3 (support) and start rising up, fueled by oil report, and go close to yesterday's close level. It will set-up like this to get ready for tomorrows NG report - make chart look indecisive so it's not obvious it will continue up or go back down to test low levels again.
I got the market open level right. Yet didn't enter because I overslept...because i like to let the chart form a trend before i enter so i try not to trade form the very open... but seeing the chart I think I would've entered as it seemed pretty obvious. 1st mistake.
Noticed NG was going up way faster than I predicted, to high of 1.870. Thought this was a fake, will go down fast, do some fake moves during mid market, and by EOD it will go back to today's high of 1.870 or maybe more up until UGAZ turns green. My plan in mind, shorted at 62, 63 which made most of my gains today. Went in and out couple more times for couple ticks during midday. Everything going good - solid trading in my opinion. A real let-down happened towards the end of the market. Approaching 11am PST new hour, new 15min, new 5min, new trend. This is a bull chart. Called the bottom to enter again at 1.846 - if i had a lot of money would've done 2 contracts but because I'm poor, had a open buy for 1. Chart touches 1.847 and goes up to the top. I thought it would go up higher but the chart didn't give me a good window to enter. I missed my chance and it just keeps on going up little by little. And right now its at 1.868, 20 mins until stock market closes.
Call me crazy.. call me a liar... but i predicted today's chart like a boss.
omg... could feel getting cocky once again... come on it's been only 3 days... please..

TOMORROW'S NG REPORT !!! BULL!!! WHEN WILL I BE ABLE TO TAKE A BIG RIDE UP!!! I have so many 100+tick losing days under my belt not not a single 100+tick winning day... but i'm focusing on 10ticks. right? 10 ticks? yes. 10 ticks. okay. 10. $200. $200/day for 20 days straight. I can do this!!!!! thanks for reading today's super long rant :)
 
most traders lose not from lack of trading knowledge they bust their account from greed and breaking their own rules. I've lost mony every time I break my own rules...and in trading, you lose money or brake company trading rules you get fired..

it's same as taking a 27,000 loan to gamble in a blackjack table game or any game, you add no value to the economy as traders. we are parasites as speculators in stocks , or commodities.
 
2/6: +163

NG report day. Had no idea what NG was trying to do so just watched patiently and patiently and patiently... and it keeps going up like it's defying law of physics. So I get a new plan and i call the top just below 1.890. Got a short in at 1.888. NG ended up going higher, touching 1.906, than coming back down. My bad mistake omg was i got another short in at 1.892 minutes after my first short because i thought this is going down for sure. Had an early feel to it but didn't want to miss the ride down as the chart went up too much in too short of time. Well, almost got to -$300 for the first time in 2 weeks and got that feeling again that I didn't feel for a while of losing money and shaking up my head and emotions. Act calm son - the universe is watching over you. Stuck with it and went down. Tried 3 contracts today as i noticed minimum margin requirement for NG decreased yayayyayayayya. So my plan was short the top and let it fall. Thought it may fall close to yesterday's close level and it ended up falling faster. I exited for a safe profit of overall +$260 even though i saw more downside. I exited because while it was going down, i saw a possibility of a bounce, not filling the bottom space, and coming back up. So I exit all 3 positions and 4 minutes later, falls another 10+ points for an easy profit. I couldn't capitalize on it but oh well. Safe is better. Thought it would drop down to, at most, 1.688ish and go back up, so i got a 1 position in at 1.672. Was really considering 2 positions, but because I always end up losing all of my gains at the end of day, decided not to. Chart looked like it was bouncing and I was up 2-3 ticks when it fell hard again and decided to just stay there. Lost $100 at the end - overtrading alert.

Today was whatever. Bad trading. Really going for that money. Back to my old self. So I asked myself why. I think it's because even though I was focused on 10 ticks a day, I was able to get $200ish profit for the past 3 days. I think I got fixed on that $200 number and when I'm really concentrating during market hours, I forget that it's not the amount I'm going for, but the ticks. Yes, 2 contracts with 10 points is $200, but this is exactly how I lost all of my money back in 2016. Those days when making $1000/day was childplay. Thought I would never work a day in my life ever again and would be trading from my giant room with a killer desktop setup. And getting fixated on the dollar amount made me forget my trading strategy. This resulted in overtrading and not being able to cut my losses.
I'm really happy I can already trade 3 contracts for NG. I think literally like 3 weeks ago I thought I couldn't trade anymore. Using 3 contracts was very scary today. Will use 2, and if I get a good profit in during the day, may try using 3.
I say it like this but watch, come tomorrow, one or two trade I may use 1 or 2 contracts, and I will jump on that 3rd one right away when I see the opportunity. LOL. I really hope I don't...
 
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