You are a member of ET for over 12 years and have posted on average more than 3 posts a day all this time (over 15,000 posts in total). What was the purpose of that? It must be my charming personality. Have you been profitable from the 1st day that you started to post on ET? It is a discretionary system. You said that you don't want to read through all this thread (about 9000 posts) so maybe you would not mind contributing something useful here. For someone who can write over 15,000 posts you must be able to do that. Or are you posting only in threads of people who are profitable? Gabe
Thank you smallStops and slugar for your support. Years ago ET was notorious for a place where people are trashing each other. I really would not want this to happen here. If anyone is willing to contribute in a productive and polite way - you are welcome. Otherwise there is the proverbial door. AAAintheBeltway, don't take this as an attack on you. As it is for now, we are having a civilized conversation. Gabe
I do excellent on trend days because my trading plan involves aggressive with-trend continuation trading using a 1-min chart. Last Wednesday, for example, my plan produced 10 long trades between 9:39am and 1:38pm eastern time, 7 of which produced minimum profit or better. In a strong trend, my re-entries are often at a better price than my previous exits because I have thousands of hours of experience with this. I welcome the losing trade that sometimes comes at the end of a strong trend and consider it my tip to the market for providing superb service.
It saddens me to see people who look at the struggles of others as entertainment (and seemingly derive pleasure from that). I guess those are the same people who are also jealous of the success of others. Nevertheless, I wish them all the best but they are not welcome in my house. Gabe
do not pay attention to any one besides no doji she is all the help you need and unlike others on their own threads she won't look down on you for asking questions n
I am very curious : did you ever make any of these traders errors in your trading career : - taking too many trades? - not taking a loss when it was small? - elapse in discipline? If you say no, you have never made these mistakes, I would not question anybody suspecting you were a liar. This thread poster has this qualities : - can express clearly how his mistakes happen - can ask for others opinions BUT make his own mind Also, since posting his mistakes, so far he has been respecting religiously his stop loss. There was a time, I would have loved to have religiously respected my stop losses. I also notice that he has been respecting his trading plan much more: may be discussing his trades has helped. Serious, the poster is a very clever person : he is using us ( in a good way lol ) as adhoc trading assistants! lol.
Gabe2004, You might reflect on seeing if your plan can be constrained in taking only trades : * where the maximum loss is 0.06 : this means taking entry based on a small bar ( so the stop is very small). ==> your list of losers will only show a loss of 0.06 or less. *you seem to be trading various strategies : 1-1, 1-0, 1-1-1 : I guess 1-1-1 is a strategy after modifications. As you are on a demo, try to do at least 20 trades of the same strategy, before modifying the strategy. For your discipline : try to explain to yourself your strategy before the trading session, after you close each trade. The key is following the strategy to the letter. Just remember that there will always be losses, so keep your losses small.
Thank you for your previous post (which was funny and you were too kind with you compliments), as well as this one. You found my secret. That is what I was doing but on a higher time frame so the losses were bigger. Actually, as I reworked my stats, Friday's losses were ~$750 lower than they would have been had I not reworked my stats Thursday night. I assume those are the number of contracts traded per individual trades. 2,1 and 3. If that is the case, I switched to 3 contracts just to get a taste of (I also made and ATM in Ninja which I wanted to test. Gabe
Don't worry about compliments : may be if I wake up on the wrong foot, I will look for anybody to express anger. Anyway, as long as you keep posting, talking of your trades, the more likely you will follow your plan. Which is the most important.