Turning $15K credit card debt into financial freedom

Quick update.

I quit forex a few weeks ago when my equity got down to $5K. Forex is for losers. It's very hard to make money trading forex intra-day because of so much noise.

I started trading ES mini (1 contract). I like it much better - the movements are much more consistent and steady than forex. I am still losing on average but my losses are much smaller and sometimes I have winning days. Last week my account was down to $4K, and I deposited $5K additionally. I need to recoup my losses ($11K), otherwise I will be in big trouble.

August is going to break me or make me.
 
With ES I have a problem with staying in the trade. Whenever my trade goes 1.5-2.0 points in my favor I am tempted to move my stops and then they get hit and I get out of the trade which would have made double or triple the money.

I have no big wins or big losses, and my small losses outnumber my small wins. Need to learn to let my profits run.
 
The grass grows and it gets hot. Oh yeah, the trading sucks in general too. There's a lot less liquidity and the moves don't. Less volatility in general, but please don't sell premium because I said that.
 
I hate spending money on trading tools because I am not making any money with them. First, I subscribed to Investor/RT Mac version but their Mac version sucked and they never told anyone that their Mac version sucks! Leechers! So I lost $50 there. Then I subscribed to Multicharts and also bought Windows 10 copy to install on my Mac. $200. Then I subscribed to IQfeed. Another $70. Honestly I don't see any use in IQfeed data. I does not affect my trading at all. I don't look at all these bars - I just sell when the price approaches 2167 and buy when it gets down to 2153.. Maybe, I don't need IQfeed? Opinions? I bought it only because I listened to you, wise forum fellows, but maybe you are not wise, after all..
 
There was plenty of money to be made in forex, if you could see the dollar turning from strength to weakness, especially against the British pound. Nice breakout above the 131.30 to .40 level after fomc.
 
Cswim63 said:
The grass grows and it gets hot. Oh yeah, the trading sucks in general too. There's a lot less liquidity and the moves don't. Less volatility in general, but please don't sell premium because I said that.
More...

I did not know that. But ES makes a couple of 5-10 point moves every day. If only I could capture them.. Today I made 4 points in the morning. Not bad, but I was stopped out of 10 point move. Need to overcome fear but hard to do when you lost $11K.
 
Strange question.... Iqfeed is a data provider..... You don't need it if you have another source of data that you find reliable. But you have to have some sort of data provider. Don't think multi charts has their own data subscriptions do they?
 
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