stopped at 1327.5. $601 profit for the day. I'm very happy although I still need to improve my trade management. See you tomorrow.
Today's trades: I took too many trades. I think I'm relying too much on 2 minutes chart. A choppy day would have killed me. But globally it was ok, specially in the afternoon.
If I don't love the markets I wouldn't be trading for so many years, don't you think? If I could make half what I make at my job, I would quit my job! I don't listen or watch TV. I take a look at briefing for reports and avoid to trade when a report comes out. One day is too short to conclude anything, but I find Journals help a lot. Writing your analysis helps you be focused on what you are doing and not be distracted.
lol, what position am I in now. Mostly a sitting one. Cmon, man, forget positions, add on, scalps, dollars etc. 5 years and it isnt clicking, you are worried about cracked lighbulbs on the deck of the titanic. Not saying it has to be like that, I really hope it isnt in your case. I only say these things coming from a place you were in many, many years ago. I lived in the 3min time frame for yrs, i did 2min,5min,7min, ticks, vol ticks etc. I can tell you it doesnt have to be so difficult. But to each thier own, you can lead a horse to water. etc, etc,, Good luck pal, may the trading spirits be with you, Ef
If they were all valid trade signals...it's not overtrading. This is why your stated "no more than 5 trades" per day is problematic and counter-productive. Thus, there will come a day when you'll, for example, only take 2 trades and they won't be valid trade signals. It's still remains a discipline problem because you took trades that weren't valid for trading. Mark
have you check out other broker r/t all-in fee? http://www.elitetrader.com/vb/showthread.php?threadid=215781 you should mix it up 50% sim and 50% live and don't worry about making only 50% of what it could be. The next bus is just around the corner.