What an abusive day of trading :( I have to stop this mindset cause it is taking me to nowhere, should be in a trade for a longer time and actually let the money work for me, unfortunately I am doing the opposite, just trading more and more. From today on, I will only focus in one or two trades a day, and stay longer in them until they change trend cause I get faked out ALL the time.
@VanBonzel Vamos amigo!!!!
Believe or not, at this point I am going throughout a big fight trying to save my account, trading with 270$ and without BP is a challenge, and sometimes my broker is hiding me commissions here and there, so, it sucks, but I will eventually get up from this huge crash on my account and recover and go green again. So far I have been studying, trying to have better entries, preparing for a 5* trade, instead of taking 10 trades a day as I was doing before. This gives me a better understanding of the overall market, gives me an idea and a full control of what time am I trading, what patterns am I focusing on, so I am not picking every crap that is going up. A few things I have learned during these days is: - Go with the trend. - Don't add to a loser. - If you were red, get out once it get back green even if is break even. - Don't wait for more than 10%, especially in this market. - Be happy with whatever the market is giving you everyday. - Don't comment on anybody's trades while it is happening. - Don't follow anyone's picks. - By doing a full scan of the market (Not only the % gainers), you can see what the overall market is doing everyday. - Even if the market is falling, there is always a good play, you just have to be prepared. - ...
I bet I am the biggest overtrader in the freaking universe, 31 trades in a day :( That's just disappointing, be careful where your mind can take you. I have promised to my team mates that I will be reducing my trade size from now on. Please blame me for all of my trades today, will be posting them tonight. Lesson learned.
which means you need to know the plays/patterns/framework/timeline/fundamentals and so on. Take it one play at a time, in this game you never really stop learning because theres always new sectors or bubbles.
Yeah I want to do all that stuff and perhaps one day I will when I have the time to, right now I shuffle a full time job, working 60 hrs a week and learning from all the DVD's for the challenge... A little overwhelmed at the moment. But it sounds like something I should be doing if I want success.
your doing better than you did, just take the great setups. not any trade thats moving.
Shorted $MOSY but realized shorts were getting squeezed so I went long. Was absolutely right for going long bug I got faked out. 2 losses. Need to study more.
It will pay off brother, keep studying, we are on the right track!
@BigBobby Understandable, had a half order, so I was able to give it time
The Market does not give a FUCK whether your positive or not. THIS will not make money trading the correct way will. Stay in your Fantasy bubble and tell yourself im Improving.
Thanks for calling me an idiot and posting it on twitter! I was just asking about your blog post content. You didn't have to be so rude.
@donebeingpoor I'm confused who was that directed to?
angel trades
haha very true! He does mention similar trades in HTMM! :) I am learning thank you soo freaking much for the support hermano! You are the greatest of all time!
=)
@woofwoof Studying keeps me going. In my 100+ days I've already seen a lot of people quit. Im going to be a millionaire and if studying is what it is going to take, then that's what I'll do. Also, if you read my other posts or watched my videos you would understand that I just Don't study everyday. I virtual trade a lot.
@woofwoof You're Welcome.
You definitely will be a millionaire brother, I am also halfway with that DVD, it's awesome :) Good luck, hope to get some chance to discuss when you are ready!
@viticoinf87 Thank you brother! I will have time today!
Hey keep learning, we don't have to play everyday, but I saw these two as well and nailed them in my paper trading account, also played a bit along the day getting 2 and 3% here and there, I wish suretrader would have a maximum fee per trade, but actually they have 1 penny per traded share, and no maximum, so I have to keep my entries maximum of 1000, so for every in/out is 20 bucks. Meanwhile I am learning so the fees don't eat me up. Keep posting man, don't lose the emotion, we are getting clo
I feel for ya man:/ that sucks! But hey at least you keep a positive mind frame:) and hell yeah man I will never lose the emotion I gotta keep moving forward and stay strong! You do the same as well boss! We are getting closer!
How about posting a watchlist maybe? Maybe see if it helps when you put it all in writing for others to see.
Tickers - price targets and at the bottom your rules
Makes sense Jesse, will do that starting from next week, need to come in with a plan.
you and me trade the same,,,but know one sees it
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