Hey guys, completely new to the forums, first post. Let me introduce myself, just graduated from college with a finance degree. Job market down here in Miami for finance grads was extremely crappy, so i took an easy job at as a commodities broker. I knew absolutely nothing about commodities. I got my series 3, and then i started getting ENGROSSED in the markets at work. I started paper trading at work, just eyeballing the quotes on the screen and jotting down longs and shorts at various times with diff contracts, and it was very easy to make money, as it seemed. Eventually, I figured I could BEAT these markets . So I pulled together my funds in my stock portfolio, and opened up an acct at IB for 10K. I made some really stupid mistakes, one, taking on an extra contract instead of closing it out. Another costly one, trying to trade wheat in aftermarket. And one more, not knowing when gold closed and taking on a contract right before pit-trading closed. First Week: Day 1: I held onto a losing short, lost around 500 or 600 on my first trade. Day2: Traded wheat aftermarket and it killed me. Day 4: Made around 300 in ym, coulda made alot more if i didn't hold onto losing trades. Used the IB 5 min chart with 15s ticks to trade. Made almost all the profit from riding the 3pm spike up, then riding it down. Day 5: I lost 258 today in the YM doing 36 trades, erasing my profitability there for the week. Traded 2-4 contracts all day, so I think the loss is negligent. Traded 1 for the first 4 days. Total trades RT, and Net P/L with commission 1, GC -225 6, W -708 94, YM +3 Account is down to 9073.86, from 10K. YM Strategy: Using very few indicators, a slow sto and two ema's (14,3) on a 1-min chart with volume shown. No stops, pain threshold around -200 before I close out. Trying all sorts of stuff, momentum trading, scalping, take the opposite of spikes, disobeying my indicators pretty good. (Note: Probably NOT going to trade markets I haven't been studying anymore, wheat was just so tempting to gamble with, but I'm here to make money, not gamble. ) I'm learning alot of stuff my first week. I'm not here to sit around and try to earn 1% a month. I want to either do this for a living now, or find another job. I used to play poker in college, and have taken bigger hits than this in a day, so i do not feel the losses at the end of the day. My biggest problem is just holding onto losing trades, I want to close out at around -100 from now on. I'd love to hear from other YM traders, of what works and what doesn't. I think what works best for me is, in a bear dow day, find up spikes and short them while they fall. Also the 3pm rally always seems to come in a bear day I noticed.