frost. why do you even listen to this guy? He has been brow-beating you through the whole thread... You can put people on ignore if you want to... BTW, JimmyJam, how old are you?
Frost, I am glad to see you stuck to it and used the simulation all day. If you can do it for a week like this your confidence could be sky high. It is sooo hard to do for a week but you might be better for doing it. 4re
I would again like to take this chance to thank everyone for their advice... Sim trading today I think was pretty beneficial.... tomorrow I may sim trade again, or maybe take the entries that I like the best in the live account....
I'll keep this short v77. I have advised frostengine on: 1. Correct margin size. 2. Effective psychology and the importance of discipline in trading. 3. The importance of paper trading for an extended period of time ... this way you get a good psychological "feel" for your system. 4. The importance of setting up and executing a rules based system. 5. The setup parameters for a basic Moving Average Retracement (Pullback trade), including the use of tick based candlesticks instead of time based candlesticks (which for the record, just happens to be very similar to the "system" that he is using now). 6. Constant criticism to get FT to STOP GIVING HIS MONEY AWAY TO THE MARKETS! 7. Cogent observations on how to modify his trading bot so that he could let it run effectively when it enters a trade. 8. I even went so far as to give directional advisement, which only required by an automatic setup to enter a trade. You on the other hand, give constant meaningless cheerleading and are the resident joke meister on ET ... you're either a very talented trader who has absolutely no interest in sharing anything of real value with other traders here on ET ... or you're a wannabe who aspires to being a trader, hence the skulking on various threads, cracking jokes and making comments ... but giving nothing of value which is actionable (because you don't have it to give). My vote would be for the latter. (Hell, I'd go so far as to say that at least 60% of your over 2,000 postings actually belong in the chit-chat room ... at least 60%) *** But no worries, my last post confirmed that FT's kinda young, so he thinks he can go make or break in a year with pressure from an impending marriage(?) and trading in a time/tick size which is nothing but NOISE! Good luck to 'em. (It's unlikely that he'll be consistently successful while trading noise, because the price action is too random ... uh, that's enough free knowledge from me). I didn't post in the afternoon, the one-sided nature of the exchange's on this thread have gotten to be kinda boring for me (so I went over to the S/R thread run by 4re and gave'em a heads-up on the long breakout). While I (and everyone reading the thread) have certainly learned a lot, mainly about what NOT TO DO IF YOU WANT TO BE A SUCCESSFUL TRADER. I'll make my posts on threads where there is more of a give-and-take, instead of a take-and-don't use. Bye, Jimmy Jam P.S. I'm 43 and in my third year of trading, it generally takes anywhere from 3-5 years in this game to get it right, if at all.
I WILL keep this short (something you couldn't really do btw). 1- You told Frost he was "trading like a drunken driver" 2- You told Frost "he was the worst trader who ever started a thread at ET". 3- You ask him his age and tell him "his whole precept is lame". Your abuse to other traders here at ET really sucks... I still remember you telling floortradr that he wasn't going to make it as a trader either. I guess you delight in bringing others down?
BTW... Go re-read what I have wrote to Frost on this thread. And then tell me it is not good advice. And then notice to your horror, that I didn't abuse him in the process. Unlike you JimmyJam.
As Richard Dennis once said. He would publish his trading signals in the wall street journal but know one would follow them a several losses. The trick to trading is finding a method thats yours and that you have tested and are comfortable with. THAT IS THE ONLY WAY.
I don't think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline. Richard Dennis
Just traded my first signal in my live account. got stoped out for $30 lost. I'm not complaining though, I felt very good in that trade, I did everything exactly as I was suppose to. I saw my entry, I took it, imediately set the stop in accordance with my new rules, and got stoped out.... no problem. Ready for next signal