I got back in today and was positive briefly, I'll try to hang on to that memory Every day I learn some more and by the end of the day I could have traded the beginning of the day just fine.. but this learning thing has to end here soon or I'm going to go get a frigging job... oh, wait, there aren't any jobs.. ok, I love trading, I love trading...
If by specific plan you mean a set of variables that constitute an edge and a way to systematically capture profits then I totally agree . I learned that trying to be like someone else and trade like them is a waste of time . Trying hundreds of different systems and edges has taught me that finding something that I can use the same way everyday and have the confidence to trust that way of trading is the first step to success . For me , finding areas that price is likely to react to and then place my trades there then having them work pretty well gives me more confidence to place live trades .
$(44.78) Some up, some down. Taking the VXX trade to hedge my longs worked in my favor. Got out before last half hour of trading though and it looks like if I had held to close to end I would have come out positive for the day.
you called it! But that's now 2 decent updays for me in a row.....equity curve will be looking a little overbought so I am expecting a pullback.....:eek:
+ $201.40 Day + $1,171.22 WTD + $3,550.17 MTD Having issues loading the pnl blotter. Will try later. Happy Memorial Day all!