Short synopsis: 2 years of part-time trading: Month 1 made 250% (luck) Year 1 lost 60% Year 2 lost $700 (slow grind) Year 3: Prop trading fulltime for over 1 year Made $400 last year Lost $400 so far in 2003 Lowest equity drawdown -$3000 Largest equity drawup +$3000 I trade 200-1000 shares Was scalping NYSE for 10 months, have changed style to candlestick reversals and trend following NYSE Since changing styles, my account's volatility has increased, but the result is still net $0. Random qualifications (for lack of a better word): IQ around 140 Personality type: INTP (weak on the P) I understand expectancy and position sizing: finished Van Tharp's game with over 5 mil on first try NLP, therapy, thousands of hours of introspection... introspection on the act of introspection I've spent literally thousands of hours coding ideas into Tradestation, looking for something with positive expectancy. I have not found anything that holds up under scrutiny. I've spent thousands of hours reading the tape, following the trend, following the futures, watching the specialist, etc, etc. It's possible to be right about market direction, but I'm stopped out too often to take advantage. Moving stops tighter results in more stopouts, looser and the risk is too great for reward. The better I get, the better the market gets. I don't get it. I give up. How does anyone do this? What do they know/do differently? It's incredibly frustrating to sacrifice everything to follow this dream, to work as hard and try as hard as possible... I've focused 100% of my life on this and yet I still fail. I've never failed at anything in my life. It's a first and I truly have no idea why.