Buddy, I thought every damn point made by Cutten was deadly spot-on. I am surprised that you do not agree with some of his points. Anyways, my advice - 1) take a night-job which should pay you at least 30k a year and continue to trade during the day. Or move to west coast, trade mornings, do a job in the afternoons. 2) Instead of trading alone, trade with a colleague from an office, not from your home. Anyways, as cutten said - most likely you won't listen.
Simulated Trading - Day 3 Number of trades - 1 ES points + 5 Alarm went off at around 2:30 a.m. - 2tick range chart crossed a trend line. Resistance developed around 1695 - 1695.50 area, which was also a resistance on a longer-term time frame, where ES pulled back on July 19th. I shorted at 1694.50 with a stop two points above and went back to bed. I covered right before minor support at 1688 during regular trading hours. This was the only trade for today. Until 1,685 breaks, my method keeps me trading short-term time frame (2tick range chart) for small profit targets as it is currently unknown if we are experiencing a range trading b/n 1685 - 1695 or a change in intermediate-term trend. I will let the price be the guide.
It's ironic that a number of people may not have an issue with normal gambling activities (lotto, scratch off tickets, slot machines), yet be very much addicted to gambling in the financial markets.
becoming consistently profitable trader is very difficult. most of us tend to be indiscipline,, we always violate the rules. if we need become good traders, we should be DISCIPLINE and HOLD it first.. If you can, you should learn and known your errors. Without it, you will lost and lost in trade..
you must be a gambler, then you are a true trader. trading itself is a coin-flipping thing. whether you trend follow, or counter-trade, or fade, or bottom fishing, or top picker. no strategy will gurantee there is a must win. if you100% win,you either cheat or get inside info. NO RISK NO GAIN. you want success, you must do it! since it is uncertain, that puts pressure on trader. that is why traders go astray of their own plan or words. they cannot handle the pressure of possible loss! I undersand his situation. very normal to all people. when I have pressure, I starts to yell at people around me. if you truely want to be trader. tell yourself: do you want to be a gambler? yes or no. if no, then stop. if yes, you must first accept the fact: trading is gambling. when you realize it is a gambling. you will be more objective: when you lose, that is not because you are dumb; when you win, you do need not have too much high, you are just lucky. or market conspiracy, some one is manipulating the market to set you up, so you try to revenge.