My high school summer job: trading the NQ

Discussion in 'Journals' started by zdawg164, Jul 3, 2008.

  1. Made 1 trade so far today and made two amazing ticks. This choppiness is killing me here, it's very hard to be able to place precise trades on days like this for me, so I'm just sitting and watching for now.
     
    #221     Aug 13, 2008
  2. volente_00

    volente_00


    Traders block strikes the undercapitalized that are trading with scared money. Please save you money and go buy and read the book, The Disciplined Trader before you donate anymore to the market and screw your mentality up even more. The negative habits you are etching into your brain right now will take years to conquer if you don't stop trading now and first prepare your mind and build your bankroll.
     
    #222     Aug 13, 2008
  3. Well guys, although this was small beans to what I have lost in total so far ($800) I am rather pleased to say that today was my first real profitable day. I shouldn't get too excited about this, because there is still a long road ahead, but today I made 3 trades. The first two were nervous-break even trades, but on the third I had a pretty nice run for 3.25 point profit. I know I shouldn't get too excited because this is nothing compared to the 10 point run I could have had if I had followed my buy signal at 11:30. Anyways, I made $70 for the day, and I guess I'm off for now to take my stress away
     
    #223     Aug 13, 2008
  4. Meh, missed out on my first buy signal because I took a little too long with my breakfast. If I had been there 5 min earlier I would have caught a nice move. Instead I'm down a point today because I entered when price re hit that previous buy target, except this time it didn't go the way it went the first time the buy price was reached. I guess I learned my lesson
     
    #224     Aug 14, 2008
  5. Oh and amazingly, today I barely got sweaty palms OR a cocaine racing heart... I guess I'm getting used to loosing $ so fast lol.
     
    #225     Aug 14, 2008
  6. ugh goddamit, this market just can't keep still can't it? yet another instance where price is choppy, i got out, and i just erased my previous day's gains.
     
    #226     Aug 14, 2008
  7. Keep still? Why do you want that? You NEED price to fluctuate to make money.

     
    #227     Aug 14, 2008
  8. maxpi

    maxpi

    I had that nervousness and suspense problem until I gave up and worked out an automated system...
     
    #228     Aug 14, 2008



  9. your previous day's gains shouldn't be anywhere near your mind. Read that book we mentioned.
     
    #229     Aug 14, 2008
  10. lol, what I actually meant was, price can't keep still in the direction in which IM BETTING ON long enough for me to make a decent profit (come on mr market, can't you just give me, like, 5 points, pretty please?)
     
    #230     Aug 14, 2008