Trade For A Living - Day Trading

[savoir]

Well whatever you call it, job, home based business or other souce of income, it sounds like it fits you perfectly.

I feel the same way about my speculation, although I have a longer time frames as I enjoy doing other things.

Sure. The timeframe isn’t important. You are able to get all the resources you need to support your lifestyle from the market. You are doing quite well.

 

[Jordan_Andy]

As promised, I will show my bad trades as well, because I think we can actually learn much more from trading mistakes and trying not to repeat them.

EU6 was moving below its over-night range and trading close to yesterdays low. I shorted but got kicked out right away (only trading 1/2 risk due to the small candle). -$375

Got short once again, this time doing better but I got out far too early trailing my stop far too close. +$568 (half risk again).

I consider the first trade (losing trade) a good trade, the second one (winning trade) was poorly managed - terrible trade!

What I try to explain here is: the outcome of a single trade should be secondary. More important is how you managed the trade following your own rules.

 

[Jordan_Andy]

Long YM, got out quickly: -$225
Long EP, stopped out at b/e: +$50
Long GCE on failed break out of the overnight range: +$490 (wanted to get out before report at 9:00 am).

 

[Jordan_Andy]

ENQ looked like the weaker one today. Short ENQ +$1620 (followed my plan 100% now with targets and trialing stops) ;-)

 

[Jordan_Andy]

There was another short trade around 12045 in the ENQ. Wasn't sure because of the 12000 level but would have been a valid trade with target around the over-night low and then lower. Dammed!

 

[murray t turtle]

I’m not into watches. I don’t wear a watch or any type of jewelry.

%%
REALY?? LOL
Same here, savior; i much prefer calendars.
I do own a clock in my TM 4 cylinder but that came with it; +Sony Dream Machine clock\radio, again , clock came with the radio . Amen on longer term goal=lower tax rate...................................................................................................

 

[Laissez Faire]

Please do share. I've lived a very spartan life and I need to learn how to spend money. One thing I considered was a charity to save dogs and/or orphans.

Come to Norway and buy me dinner at Maaemo and I'll teach you how to spend more money in return.

 

[Jordan_Andy]

Short EP after falling below the overnight range. Timed out with a loss: -$420

 

[Jordan_Andy]

Markets having trouble breaking out of the overnight range. Long YM: only +$265

Difficult market conditions today. Will reduce risk.

 

[Jordan_Andy]

Short YM below the overnight range, half risk: +$640