My Life as a Trader...

Discussion in 'Journals' started by daystructure, Nov 30, 2009.

  1. Well, I don't always drink beer, but when I do, I prefer Dos Equis.
     
    #22     Nov 30, 2009
  2. Spoken by the guy who doesn't use stops. :)

    Jk....
     
    #23     Nov 30, 2009
  3. Their words come back to haunt them.
     
    #24     Nov 30, 2009
  4. Fractal

    Fractal

    Nope. The same failed trader who's created 1,000s of aliases just to gain a warm little spot of attention.
     
    #25     Nov 30, 2009
  5. omg that was funny.
     
    #26     Nov 30, 2009
  6. WOW

    I did not expect the response I received from the initial post. This thread will quickly become 100+ pages if 1post per 4 pages is the response rate.

    Today was a +1.25 point/contract day; +$375.00. I could have performed much better as I had several signals that I was too "chicken" to take. I'm taking a break after the close and this post, then I will re-evaluate the day as well as my setups.

    This recent volatility in the markets is a gift, especially since it's crunch time between Thanksgiving and Christmas.

    To answer some of the questions in the replies:

    1. Yes, this is real trading

    2. Yes, I have read Fooled by Randomness and was, indeed, fooled by randomness as my previous 'edge' was derived from leverage, as opposed to trading with an edge.

    3. Since taking the $1m loss in December of 2007, I have worked endlessly to prepare myself for this moment. Trading requires continuous monitoring and improvement; this journal is part of the effort.

    4. Risk management is incredibly key in trading. I recognize this now. All of my trades are either right or wrong, that's it. I keep a reward risk ratio above 1.50 as frequently as I can. This may be low by some standards, but we all have our methods of trading.

    Thank you all for the support as I go through this process.

    Cheers!

    Sell 'em High, Buy 'em Low, Take Their Money, Bash Their Nose.

    Best,

    DayStructure
    +1.25/+40.00
     
    #27     Nov 30, 2009
  7. Also, it's called get rich quick because life is too short to get rich slow. :)

    I'll post more after I review later this afternoon.

    Hope all of you are well.
     
    #28     Nov 30, 2009
  8. Who? Pabst, Joab, Marketsurfer?
     
    #29     Nov 30, 2009
  9. plan

    plan

    LMAO
     
    #30     Nov 30, 2009