I'm getting tired of watching movies and playing video games. They are just ways to distract me from trading because I don't have anything to do for most of the day. The system and strategy is already finished, so I don't need to spend much time working on it anymore. What I need is to make money so I can go out and spend money on hot chicks. And oh yeah, pay off my debts too...ha ha. Speaking of video games. I'm currently playing Metal Gear Solid 3 and I think it's helping me a lot on learning patience. It's a stealth game where in order to reach your goal, you hide from enemies and have to wait for the best moment to kill them. It's a great game. The story is good; better than most movies out there. I think it and MGS1 are the best in the series. I would recommend it to anyone.
And to think I haven't spent any time outside of an occasional wi game with my kids playing video games in 25 years and I am not even 40! Now I know why I am such a loser and ill equipped to deal with life!
It's because my story is interesting. Reading about someone who is attempting something that hasn't been done before is more interesting than reading about some rich guy's journal who's already profitable. I've shown back in August what was possible with my system, so people know I'm not full of it when I claim it can be done from a small account size. Now the system is finally finished. It's been backtested and shows very good results. The first challenge was the small account size in which you need tight stops. I figured out how to solved that. The second challenge was the psychology of trading. Instead of building a system and forcing emotional discipline into using it, it was built around my psychology while trading. Therefore, I don't need to use much emotional discipline while trading b/c of how I designed the system. Still the small account size is the major obstacle to overcome because I can't take on too much risk even if I know I'm right on the direction. The last few weeks I've been debating on what type of entry signal to use. I believe I now know what kind I should be using to achieve profitability. I've got one bullet left. That definitely put more pressure on you. I may miss. If so oh well. Another $200 can easily be raised from somewhere. We'll see what happens on Monday. P.S. I usually ignore you because I think you're kind of dumb. My reason for my opinion is that you haven't shown any strong sign of intelligence. And I didn't write this as a reply to you, so technically I'm still ignoring you. You just prompted me to write something is all. My honest opinion. Have a good weekend.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2989977#post2989977 http://stockcharts.com/h-sc/ui?s=ARNA&p=D&yr=1&mn=0&dy=0&id=p83095588841 Now I know how you trade. You sound like a ticking time bomb.
I'm down $40 on five trades. Being impatient and whipsaws were what cost me money today. I'm at least having less difficulties entering a setup using a mechanical entry signal instead of a discretionary one. And I'm getting out at my stops. Afterward, I went on sims and was doing much better. Today could've been much worse. I almost went into revenge trading mode but didn't. I might have if my account didn't go under $5 the margin limit. Tomorrow with be the 27th of October. Historically, this particular day consistently caused me bad luck each month. But this time it could be different. Maybe I shouldn't trade or maybe I should. I don't know. What do you think???
Bad day. I'm b/e with a $5 gain on three trades. I'll be down after commissions are factored in. First two were losses. Last trade was a gain. I'm still trying out the new entry signal I've been talking about. I'm gonna post a chart in a little bit. And would like if someone could give a feedback or critique on how I traded today. Thanks.