Chubbly made a good point. Study how your counter party traded and maybe you can be profitable too. Good luck.
Non sense. How can you study counter party ? This is not public information. Better advices would be : - Why some people take the opposite side of my trade? what could be the rationale ? - What were my mistakes ? and most important : Why do i make again and again same mistakes ? Trading is like sport : you need to learn the basics, train, repeat what works, erase what doesn't work, again and again and again. In the case of K Pia : he obviously doesn't know the basics. Still a beginner. As lot of people here. CM
Nice you blew your account, but at least you stayed honest with it. I think starting with 1k trading futures is a horrible idea, and you'll never get an honest gauge of your daytrading skill with that small amount of capital.
I agree, little changes to your game plan or thinking in trading...can have a profound impact in the greater picture. Sounds cliche and simple and generic enough -- but not many people really realize this.
That's normal I blew up. Again, didn't have a plan really. Got interesting signals but wasn't systematic. Felt overconfident (Why) & let my losses run, cut short my profit. I've been lucky once to make 200$ a day. Well, that's the game. I Felt like I had an advantage but that wasn't clear & defined. One day I played this way. Another day this way. I also took too many trade (No real Plan).
I am in SIM right now but plan to restart with 2K on September 1st. Eventually if I am good I'll be able to build up, One day, from 1-2K. I don't know if I'll keep a journal or If it adds value for me or ET.