It looks to me like you failed reading comprehension while schooling in elementary. 1) I'm pretty sure I labeled it a test trade on entry, There are very few trades I would label as "large or full size trades" in this journal, maybe 3 or 4 , but its good cause it makes lazy fks like you have to search for how a good entry looks like. 2) Unlike you I'm not looking to make money on all my trades, most I'm testing for price action information, Probably inconcieveable to a brokefolk daylaborer like you , Its ok to not make money everyday when you have money. 3) I wasn't shaken out of the entry, I just went to sleep and closed out the test trade since euro closes 1pm for big moves, I have the EURUSD direction very correct.
<B>bit of advice asiaprop,</b> From reading your replies, I can tell you don't even read things properly, you scan over reading material , your mind picks up only things that confirm your own bias, also known as cognitive dissonance. So your "tell" from your reading comprehension in my thread tells me, how you trade, you probably read the news on cnn.com and freak out on whatever bullish or bearish news there are, and you look for that exact bias in the trading charts while filtering out the rest. You have no mental logic of your own to decipher what is right and what is wrong by yourself in charts. Unless you are a market maker, you can never make money in trading with your faulty logic. If you were educated in Asia most likely Singapore , Schools speciliaze in bringing up students with a static mindset with no out of the box thinking. Thats probably the reason why you have faulty logic
market looking ugly as expected probably ugly for this week + next week going long on anything = deathwish going short = volatile, hard to risk control with my 0.20% stops best action= do nothing. Something I do very well
...oh yeah...we know...no need to tell. Paper trader with big dick attitude. You are in good company here at ET. Carry on...
Thoughts on life. I've been extremely successful for the past decade or 2. I'm nearing the age of (27-30) bracket, I feel I've slowed down on the success. I was reading the PTJ thread, Saw J . Arnold age 28 ? running a 3 billion dollar fund I'm wondering, how is it possible I am not at that level. Its not hard for me to reach that level considering the amount of capital I have, but here its hard to think you can reach that level when no trades appear for a month, its like you are trying to take a shit badly but you have constitpation. My analysis on Arnold is he takes very large directional risks, espically in NG , Its something I can not do or is it my trading style, Just not possible for my trading method. I hardly trade un-hedged. To win big you must bet big? There must be a different way to his success. I review warren buffets status when he was 28, I think he probably has the same amount of money I have at the same age , inflation adjusted, We are at similar growth rates, In his earlier years he must have been doing 100% per year annual. I feel like I need to take this to the next level, and pull out a 100% a year (I've never done a 100% a year, mostly 20-30% with 0 drawdown trading). I feel this is the only way to take myself to the next level, I can't just look for 30-40% , I need to over-perform, trade consistently (not miss trades) , and do a few 100% year with full capital. I compete with myself but I also judge my relative performance with other people around my age, I'm good, but not as good as people I respect. We need to change this. I've slowed down the money velocity past 4-5 years, mainly because I was learning and experiencing money management methods, now Its ramped up again, the money velocity is back. High Performance must be executed. I must not miss any trades, notice I don't say " I must take more trades" , because taking more trades don't help, I must not miss any fucking trades. I missed at least 2 trades past 2 months, worth about 5-8% , aka 10-15% depending on how I execute. Thats not good is it? No it isn't. Vacationing too much, thats the problem, If I want high performance, a) Consistent daily noteboook note taking must be done. b) Daily 15 minute session 100 share real money exercises with ES. c) Scanning every 3 days. I don't do any of this now, so I think this will increase my game. Directional prediction, I'm the fking man on this shit, no problem there. Pattern trading, I'll out trade anybody on this board, almost at least. maybe not $costavg Take this shit to the next level. No missed trades, more Consistent note taking, more 15 minute price action real money exercises. No excuses! I don't think I'm going to short either. Winners don't fuck around.
Yeah baby, our real papertrader is back with more musings about life and how to become as successful as him. Here couple tips how you could even become richer a) dont take notes in notebooks, dude, we are in 2010 the ipad is here, baby b) 100 share exercises with ES....Dude, its called contracts. Futures are traded in terms of contracts, stocks in units of shares. Dude 100, that sounds disappointing you came across as a big ass trader who flips at least a 1000 contracts per ticket. c) Scan every 6 days, much better than 3 days. You are so full of shit but I love to be entertained during the 10 minutes of weekend ET musings. Thanks, and....carry on...we are all ears what you have to tell the world.
Are you in asia right now? Where are you located? I'll fly there tomorrow , we'll have iced bubble milk tea/ no sugar/peanut butter toast, And I will put you in your place and show you how mentally and financially behind you are in this game? Fuck, I'll put you in place on skype, Msg me , and I'll school you right now.
Set a plan for (30 minutes, 1 hour, whatever) of focused work every weekday .... be hungry for that next trade!