You just met your BEST mentor ever, the problem is that you can't afford him, right? Then find a way to negotiate down the price! How do you do that now? If you answer that correctly, I'll mentor you for free but only after you have shown me solid proof that for 12 months, you have NEVER EVER used more than 1 single ES contract, and NEVER have gone overnight and NEVER had a loss greater than 2 full ES Points in any one trade and NEVER more than 3 points in any single day. Deal? Cy p.s. tell you something though kid, if you do the above, you can probably mentor me then, I hope for free....
By the way: Major thanks to you all sofar for all the support this post has recieved! Lots of e-mails have been coming in from all of you offering your help and advice. I can't thank you all enough. Let the learning continue on!
I was thinking the same thing when I read that. BNB you need to a couple of things that have nothing to do with a proven stradegy. 1. A written trading plan that has consequence if you break it. 2. You need to read on trading psychology, because you have a problem admitting when you are wrong. That's why you don't honor your stops, if you have any?, and become a swing trader. I would strongly suggest Mark Douglas, Trading in the Zone and Brett Steenbarger, newest book, tittle escapes me. How do I know #2 because I have been there. I blew out my account several years ago. I had no plan and no stops in place and I lost it all. I took 2 years off to get my head straight and learn before I attempted to make money day trading on a sim. During that time I was able to save up my risk capital. After almost 2 full years I can make and lose approx. $200-400 per contract per day, with more wins than loses. It took me 2 years to get there, full time. I am not interested, nor qualified to mentor, you or anyone else. I simply tell you this to give you a reality check. There is no rush the market will always be there.
mr BNB you posted this the other day in answer to my query about your trades please make an effort to re type this in two columns BUYS and time of the trade + SELLS and time of the trade I only ask this because some of the columns in the execution blotter are confusing me ? I am unsure if you were adding to losers and when you were flat etc on that day do not worry about posting the amounts lost or made 3079849 3 1,529.0000 1,529.0000 06/22/07 08:29:44.000 3082056 1 1,526.5000 1,528.3750 06/22/07 09:46:36.000 3082537 4 1,531.0000 1,528.3750 -543.48 -574.02 06/22/07 09:59:24.000 3082573 2 1,529.2500 1,529.2500 06/22/07 10:00:35.000 3082859 2 1,528.0000 1,529.2500 115.76 -458.26 06/22/07 10:08:07.000 3082881 2 1,527.5000 1,527.5000 06/22/07 10:08:29.000 3083126 2 1,527.2500 1,527.5000 15.76 -442.50 06/22/07 10:15:38.000 3083192 2 1,527.7500 1,527.7500 06/22/07 10:17:00.000 3083208 2 1,528.2500 1,527.7500 40.76 -401.74 06/22/07 10:20:13.000 3083652 2 1,525.7500 1,525.7500 06/22/07 10:29:47.000 3085439 2 1,527.7500 1,525.7500 -209.24 -610.98 06/22/07 11:28:48.000 3085688 2 1,528.2500 1,528.2500 06/22/07 11:35:56.000 3085903 2 1,526.5000 1,528.2500 165.76 -445.22 06/22/07 11:43:38.000 3085921 2 1,527.0000 1,527.0000 06/22/07 11:44:16.000 3086094 1 1,525.0000 1,527.0000 95.38 -349.84 06/22/07 11:48:42.000 3086094 1 1,525.0000 1,527.0000 95.38 -254.46 06/22/07 11:48:43.000 3086166 2 1,526.0000 1,526.0000 06/22/07 11:50:19.000 3086239 2 1,526.2500 1,526.0000 -34.24 -288.70 06/22/07 11:54:28.000 3086310 2 1,526.2500 1,526.2500 06/22/07 11:54:52.000 3086375 2 1,526.7500 1,526.2500 40.76 -247.94 06/22/07 11:57:58.000 3086396 2 1,526.7500 1,526.7500 06/22/07 11:58:35.000 3086442 2 1,527.5000 1,526.7500 65.76 -182.18 06/22/07 12:02:06.000 3086544 1 1,527.2500 1,527.2500 06/22/07 12:03:35.000 3086544 1 1,527.2500 1,527.2500 06/22/07 12:03:35.000 3086669 2 1,526.7500 1,527.2500 40.76 -141.42 06/22/07 12:06:23.000 3086690 3 1,526.7500 1,526.7500 06/22/07 12:07:04.000 3086845 2 1,524.5000 1,526.7500 -234.24 -375.66 06/22/07 12:12:22.000 3086845 1 1,524.5000 1,526.7500 -117.12 -492.78 06/22/07 12:12:22.000 3086875 2 1,525.5000 1,525.5000 06/22/07 12:13:24.000 3086883 1 1,524.7500 1,525.5000 -42.12 -534.90 06/22/07 12:14:22.000 3086883 1 1,524.7500 1,525.5000 -42.12 -577.02 06/22/07 12:14:22.000 3086894 2 1,523.7500 1,523.7500 06/22/07 12:14:36.000 3087206 2 1,522.2500 1,523.7500 140.76 -436.26 06/22/07 12:22:27.000 3087258 2 1,521.2500 1,521.2500 06/22/07 12:22:49.000 3087309 2 1,521.0000 1,521.2500 15.76 -420.50 06/22/07 12:24:13.000 3087322 2 1,520.7500 1,520.7500 06/22/07 12:24:32.000 3087374 2 1,521.5000 1,520.7500 -84.24 -504.74 06/22/07 12:25:44.000 3087406 1 1,520.7500 1,520.7500 06/22/07 12:26:37.000 3087406 1 1,520.7500 1,520.7500 06/22/07 12:26:37.000 3087436 2 1,519.5000 1,520.7500 115.76 -388.98 06/22/07 12:27:01.000 3088513 2 1,518.5000 1,518.5000 06/22/07 12:55:46.000 3088830 2 1,516.2500 1,518.5000 -234.24 -623.22 06/22/07 13:05:19.000 3088860 2 1,516.0000 1,516.0000 06/22/07 13:05:31.000 3088927 2 1,514.7500 1,516.0000 115.76 -507.46 06/22/07 13:07:41.000 3088936 2 1,514.7500 1,514.7500 06/22/07 13:08:09.000 3089414 2 1,520.0000 1,514.7500 -534.24 -1,041.70 06/22/07 13:22:59.000 3092055 3 1,517.0000 1,517.0000 06/22/07 15:49:45.000 3092098 3 1,517.5000 1,517.0000 61.14 -980.56 06/22/07 15:57:03.000 I could then look or other ET members could then look at the trades and comment on how well or poorly your decisions to buy or sell were in retrospect of course and perhaps give some pointers based on charts or $TICK or other indicators on that day 6/22/07 that might have saved you money or shown you it was a trend day down or whatever
BNB, look how you posted your trades. How can anyone understand them? That's pretty sloppy man. You should be scrutinizing every trade you take and analyzing them over and over. You should be able to post your p/l breakdown with a log of every trade, reasons, whether you stuck to your rules, etc. I am impressed that you let your ego go posting for help but you gotta become more serious about trading.