jinxu, the zone to you = the fantasyland that you live in. No offense but no one gives 2 $hits about your 10% intraday real money returns because the secret to trading is not about how much profit you make on a trade, it is about keeping what you make consistently over the long run and so far you have proven you can't do that by your consistent refunding of your account. There is a process of steps that lead up to being a consistent profitable trader and right now you are at the level of where you are still not profitable. The next step is break even, followed by slightly profitable, followed by extremely profitable. You are about midway in this journey and until you figure out how to control you emotions and keep your losses small, you will struggle to get to the next level of breakeven.
That sounds like great advice. Would it improve my appearance so that it'll help me with picking up hot chicks too? When I become successful, I want to have multiple hot girlfriends and never get married. Respectfully joking around, the1.
Rednecks have red necks because of increased blood flow to the brain. That's why they are able to think for themselves. Give it a try Jinxu. Put the books aside and forget what you've read. Close your eyes and visualize yourself at a beach with huge waves. A hundred meters out in the blinding sunshine, a group of surfers are floating on their boards waiting to catch the next big one. You see any novice surfers on the shore with a long board in one hand and a book in the other, entitled "How to Catch the Big One"? Now put the books aside and go put on a trade.
<iframe title="YouTube video player" class="youtube-player" type="text/html" width="480" height="390" src="http://www.youtube.com/embed/USlnfTGlhXc" frameborder="0"></iframe>
Doji, I welcome you to follow my simulated journal with 15,000. All's been good so far. http://www.elitetrader.com/vb/showthread.php?s=&threadid=213081&perpage=6&pagenumber=1 .. also see page 8 where I mention starting capital.
The subtle difference between sim and real account is just a holding period, i think. But anyway, to be in the zone 2 SMAs wolud be enough
Redneck, I disagree with about everything you said and here is why. What works for you, whether that's downing a 12 pack before the opening bell, stuffing your cheeks with chewing tobacco, snorting a line of coke, or jacking off to 10 minutes of porn (obviously, I'm being very dramatic to drive the point home), may not work the guy sitting right next to you. That guy may have to lift weights, eat right, get plenty of rest, meditate, you know, whatever it takes. When I approach trading as a sport I become a winner. It's entirely possible some other guy may be able to wake up with hangover and pull down 2k that day. Bottom line, just do what works and view the markets in any way that generates more winners than losers. The market to me is a boxing match between buyers and sellers. It's a complete knock-down, drag out and I have to be mentally and physically prepared for the daily battle. If I'm not in tip top physical and mental shape I'll trade like shit. Viewing it as a sport is just what works <b>for me.</b>
And that is the real beauty of being human⦠and trading⦠We each must find our own way Hereâs to scoring some points/ KO's tomorrow Oh and for the record - I do dip.... eta; On a more somber note - if I somehow had the corner on trading profitably - obviously I would have all the money... And that is definitely NOT the case by any stretch of the imagination - I lose like everyone else RN