Loser du jour (Is losing money easy?)

Discussion in 'Journals' started by schizo, Oct 6, 2011.

  1. schizo

    schizo

    Is it true that 95% of traders lose money on a consistent basis? If so, it must be quite easy to enter bad trades *consistently* without much effort. Hence the purpose of this journal. Starting tomorrow, I will record 15-minute trades that I hope will rob me of my hard-earned cash.
     
  2. heech

    heech

    Because of spread and commission, not because they get the direction wrong. Unless you're launching a market making firm you aren't going to change that fact.
     
  3. schizo

    schizo

    Long ES @ 1158.75
     
  4. schizo

    schizo

    Long GC @ 1655.50
     
  5. schizo

    schizo

    Time check:

    8:03
     
  6. schizo

    schizo

    Out 1154.50
     
  7. schizo

    schizo

    Out 1654.20
     
  8. schizo

    schizo

    Going in for broke couldn't be any easier (or is it?).

    So far, so good. But it remains to be seen, eh? :cool:
     
  9. schizo

    schizo

    Short GC @ 1652.4

    Short ES 1654.50
     
  10. Just enter randomly with no target yet with a GTC tight stop

    To guarantee that a killer winner does not put you back into green enter opposite orders in related markets (ES - NQ, etc.)
     
    #10     Oct 7, 2011