Well yeah in the morning short worked good and long worked out even better but after 11:30am it was virtually straight down the rest of the day (relatively speaking on a larger chart). It eventually gave clues that it was likely to be a long squeeze, so I prefer to trade in the most likely macro direction for the day. Although clearly you don't have to and sometimes it's just not possible because you get it wrong.
I see declines unlike we have ever witnessed, not until 16 months plus will be intense drop. Until then, market players will slowly screw all those long on 401K's and most won't get out till it is too late. "HOPE" is strong negative emotion most humans have, as a trader who lacks most emotions, trade by the charts, having one incredible year.
"Very positive." can be Very vague. and Very ambigious. Some people, traders, call making 10% a year as being very positive. Some people, traders, call making 20% a year as being very positive. Some people, traders, call making 40% a month as being very positive. Some people, traders, call making 2,022% a year as being very positive. While others call making $50,000 a year very positive. While others call making $100,000 a year very positive. While others call making $500,000 a year very positive. While others call making a million a year very positive. While others call making two million a year very positive. Can you be Very specific and Very technical, instead,
Thank you, EON Kid. And thank you for your concerns. Actually, I think it's beneficial as I don't have any external pressure or have to deal with them worrying. My father and mother will even say from time to time, "I hope you're not doing any trading in the markets anymore." For them, trading is gambling and they value hard work and an honest day's work. Having to deal with them would only be an additional headache. I will tell them as soon as I have something to tell. Right now, I still don't have that much to tell even though I had an okay month. My closest friends and girlfriend know and that's okay with me.
26 trades over a few hours? I'm sure you're overtrading your account with this kind of approach. Also, I'm not sure it would be beneficial to post these trades in a journal as this is essentially a scalping approach where you need to be very quick. Posting trades is a distraction. For scalping ES, I have automated strategies which submit a limit order, say 1,5/3,0 points from my fill price and will trail a B/E stop or B/E + 1 tick automatically without me doing a thing. Often, I'm filled for a profit in seconds after my entry. There's no time to fiddle around with orders. For now, I'm mostly not scalping, but will take the occasional scalp. Your best trades seems to be your longer holds if I'm not mistaken. With the cost of trading factored in I'm sure it's a much better approach. Or what say you?
And how did you arrive at that conclusion? I certainly did not miss that. I also think Schizo is perfectly able to answer for himself.
So you posted this ... even though you realized he was paper trading? "26 trades over a few hours? I'm sure you're overtrading your account with this kind of approach."