Hi TraderZz, It's the first time someone has addressed me here as "Mr. Sam". Makes me think of a character from Reservoir Dogs. I'll take it 1) This one solution could actually make me a lot of money if it works, so yes, you do have a lot to give me; your input is always appreciated. 2) I doesn't matter who makes more. In the end, the race is long and the tables can turn around fast. Besides, what really is of importance, is that we trade well and that we aid in each others progress. 3) I like the concept and can surely see it being very effective. Thanks for the useful post TraderZz
4re, I think my entry points sometimes may be short. Do look at the charts and see if I may be going wrong somewhere, cause this is something that I can see being of great hinderance
(I couldn't wait to respond to this one ). I second that!!! (NoDoji is all girl). NoD, whatever happened to that nut job that actually started a whole new thread about the gender discussion? Ironic humor, that was! Was the term, "WTF Mate" ever used again . Just teasing
I could probably offer some advice but I don't know what you are using for an entry signal. I also need to know if you are using market or limit orders for entry.
When I was screening and trading multiple stocks, my head often would explode and if you ever saw the (absolutely excellent) movie "The Fantastic Mr. Fox" my eyes looked like Kylie's spirals if, after the market close, I was asked something complex such as, "I'm going to the store, do you want to come with me?" Seriously, I just didn't have the focus for it, and was getting rather stressed out while trading. I gradually narrowed my focus to 4, then 3, then 2 stocks, while honing my tactics for trading CL and ES in sim, with the eventual goal of only trading 1 or 2 instruments. CL eventually won my heart, and by knowing one instrument really well, the trading is now stress-free. I don't know of any reading that addresses this. If you want to day trade multiple stocks in very short time frames, I imagine you have to just do it until you're very comfortable with it. I think he was referring to this post I made from Jan 28th about treating trading as a business: http://www.elitetrader.com/vb/showthread.php?s=&postid=3074889 Sam, there no easy way to let you down softly here. I am in fact Anekdoten, the male Australian truck driving shill for Oliver Velez. That gal you spoke to late in January was my flavor of the week quoting random paragraphs from one of my Velez day trading books.
02/04: Pic. 1: Trade 1: SHORT: Entry: $26.88 Exit: $26.22 +$0.66 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3082930.png">
Pic. 2: Trade 2: LONG: Entry: $22.07 Exit 1: $22.28 Exit 2: $22.07 +$0.21 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3082933.png"> Total (+/-): +$747.50; [+$765.00-$17.50(commission)] 2011 Net (+/-):+$9813.37
I dont remember if you use one minute charts for entries, if you do the 9:48 or 9:50 candle was the entry set-up for me
sam, love your trading show. you are on the right track toward successful consistent trading. just curious, what is your broker? those charts are really nice!