This is probably one of the best analysis of the trading dynamic ive ever seen, so many people think you just change the number from 2000 shares to 20000 shares and dont realise its a massive process. And TT has just outlined the process, he is spot on.
Max> Share what you want to share, it's your thread, so it's your party I'm just happy to be able to talk about trading. I'll post an NQ or ES chart each day. 3 ideas for you: 1) Maybe you are doing great and are just too harsh on yourself, and you shouldn't change a thing. 2) Open a different (sub) account just for longer timeframe trades, have it open on your laptop. This way you can scalp with your main account on your desktop, and when you see a bigger time frame trade you do it on your laptop. The moment you are on your laptop, you put on your swingtrading cap. 3) Something that will be really hard to do: Only trade a few days a months, on trend days, but then absolutely nail those. Put on big size in stocks and indices. Just some thoughts
Great response Chuck, hope you keep posting charts! your the only one who has followed through so far. responses 1 by 1. 1.) it seems like alot of people get the impression that i look at myself as some kind of gigantic loser, i can assure you i have huge hands...... NO j/k I dont look at myself as a loser i just realise my flaws at the end of the day., Im not saying other people dont but i just try to put those charts in front of me. 2.) The thing is, where im caught between a rock and a hard place is that i can hold on too these timeframes on garbage size, i just cant do it when i take massive size so im caught between "Iraq and a hard place" lol make sense of that one. 3.) That has been the whole point of my journal i have stayed tiny since week 1 but i know im about to lead myself off a clifff on this one, im only patient till the bills come due........ used to be alot easier to avoid that scenario, but its reality now. It doesnt change my trading completely bu it changes the dynamic pretty heavily. Anyways, thx for the response Chuck.
Maybe im just in fucking denial, lol, sorry if my response was Derrogatory towards you guys while you help me out, i was just getting defensive.
1) I wasn't saying that you were a loser, just that maybe you are too hard on yourself. Those are 2 different things entirely. And I wanted to suggest that maybe you didn't have to change, don't change a winning team and all that...
LOL, no worries Chuck, I was just kidding, but yeah this business takes a toll on you, most days you wont get the stock market 100% right, then you compile that with being ripped off, having systems break down, and all kinds of other shit and all of a sudden your value of yourself goes down, "Bigly" T To any other trader out there i would say dont let this happen to you. Dont become so obsessed with the market and charts that you let the important things in life get away from you. Ive spent close to 15 years doing this shit, and every single idea seems so epic at the time, but you tend to become a recluse, you block out more and more people, and the money you started out fighting for becomes more and more trivial. Cant all be bitcoin buyers.
Hey Max Keep this going. Best journal I've seen on ET since the algos took over years ago. Good luck brother!
Long tiny size in COOL could see it going vertical its just something looking for a quick pop off the open nothing im looking to build into.
Long some SCLN at 11 too. Sorry guys scratched SCLN didnt realise it was a buyout jumped in on it based on chart before i got the news.