MR. Nate: As suggested you will never be a trader. You do not listen to anything. NADA...... I've only mentored about 100 people like you. They learned to get it right. You are a potential beginner with no trading experience. All you have been doing is learning failure. You are now in a place called FREAK OUT. There are four steps that you and marketsurfer could learn to do to learn to be very successful as beginer traders. As handle said starting to trade is done with stocks; BUT in your case you can't put a proper stock on your display. 1. Trade only one thing. Nodoji will instruct you on what that is. 2. With one contract, do 20 trades a day for 10 days. Space them out any way you wish. Make the first one happen within 30 seconds of the open. All others you do after you make some marks in pencil on a sheet of paper then use a ruby eraser to erase the marks. Right after that, hit the enter button. Log the trade entry on a log sheet. Post you log sheet for three days ago, if you please. Skip three lines on your log sheet (leave them blank) on your log sheet before you fill in the next entry. 3. As soon as possible, exit with a wash trade. A wash trade is an entry then an exit at the same price. Print the chart with the horizontal lines of your 20 wash prices on it for the exit price at the end of the day. There will be 20 lines and all lines will go through the given price a multiple times. Note the number of times on your right column of your log and post the log each day for two weeks (10 days of trading, 200 wash trades). 4. In the first blank line below each trade, note the money you could have made before the trade became a wash trade. On the second blank line, enter the time and volume of the signal where you saw one of your stock set ups (TA stuff), then write down the name of the setup. On the third line, just write in the cummulative total of the money you could have made before the wash trade you did. Also write in the cummulative minutes you were in the market. Footnote: Note between each trade of the day on your 5 minute chart, there are other moves. When anyone of these moves begins is when you do your FREAK OUT. I know you can't do what you are told by anyone. You definitely are not going to take the cure I suggest. You do not even know what is important that I insist that you do. This means you have to work all your life somewhere instead of doing 65 hours of work you are told to do.
I suggested about 18 things for you to do that are new to you. Were you to do those things, you would have "taken away from you" what you think you you must do. Maybe it hasn't occurred to you, but you are saying something is wrong. If you are an adult by now, then you know who takes care of you. Since you can't stop doing what you are doing, it has to be taken away from you. BUT you have a memory and it cannot be erased. You need to build a wall around your FREAK OUT so you can't get to it. Read marketsurfer's last ten posts. This guy has no referent system in his mind anymore. All he does is FREAK OUT posts. With other people in less dire straits, I would use a simpler remedy. BUT you can't use that remedy since you do not have the ingredients. Marketsurfer has no ingredients either. for people who are rational, I suggest that they keep looking for only one thing: entries. If they are able, they find that there re two kinds of entries: long or short. If they are in a trde and not in FREAK OUT; then they can detect each possible entry. Say I am long and I am detecting entries. I keep seeing more long entries. I feel very happy since I am already long and making money. you got to FREAK OUT in only one way. That is only one manner of things got you to be a FREAK OUT. You are so chicken that you only see yourself losing money. As some sages have suggested you get what you want. You do not know how markets work. All people who trade have emotions. The CW type traders have fear, anxiety and anger. These things come from beliefs. For example, you believe you do not know what is going to unfold in the market over time. This is an unfounded belief. For me I have the proof and so I do not believe what you do. All my trades are done and I know what is unfolding in the Present. So I posted what you are not going to do. 65 hours is a very short learning course. As you pass it up you do not get a change in your life. 18 things are on the line for me. This is nothing new for me. Sim trading one contract for 65 hours is nothing in normal experience. Using the capital to trade one contract is different. Purposeful learning is different than doing experiments and not using the Scientific Method to do experiments. Read the Cassidy article on an airhead named Victor Neiderhoffer. VN only does induction. He is a whiner type salesman. He sells himself and has three girls and one boy to prove it. He fucks people to get what he wants. Right now you are doing non scientific induction. You take a suggestion and try it out in a market to see if you can stop learning failure. Your proof is did you make money without considering he context. It is funny to watch. Since you like to do this, I suggested a focused way to turn on some light bulbs while letting the context show up as well.
1. Mr. Miyagi tries to show Daniel-son wax on/wax off.. 2. Daniel-son asks Mr. Miyagi how to wax on/wax off.. 3. Mr. Miyagi tells Daniel-son that he just finished telling him.. 4. Daniel-son looks around.. wondering what Mr. Miyagi said.. stay tuned..
Jack, you and Al Brooks have taken so much sh*t from ET-ers. Both of you have a deep understanding of price action, its supporting market psychology, and individual trader psychology. Both of you require a lot of work from aspiring traders. Both of you have shared (at no charge) concepts and methods that open doors of consistent profitability, provided the student do the work. It's a lot of work. It's easier to call you names than to do all that work!
Thank you for your kind comments. All three of us insist on work. It is true; I was asking Mr. Nate to go through, very certainly, that he is not prepared to act on his beliefs as yet. He did not do the work to have a definitive TA system as you told him. 10 days will be over in such a brief time.
OP: You have a disease. It's called THE SCARED MONEY SYNDROME. There is at least one cure for it, but some think that cure is worse than the disease itself. The cure I am referring to is called GOING BROKE. If you ever go broke and come back from it, you will gain a bit of freedom from your current ailment.