The Tao of Minimalistic Trading: $300 Daily Profit

Discussion in 'Journals' started by schizo, Dec 4, 2015.

  1. Q3D

    Q3D

    I agree totally and think what schizo is doing is the only ethical and moral way to teach people how to day trade. Apologies in advance to offended trading vendors.
     
    #1041     Jan 19, 2016
    Aj2014 likes this.
  2. schizo

    schizo

    Thanks, but that's too flattering. :)

    I know it's human nature to show only the best moments, the bright side. I can't blame 'em. Lately, I made some stupid mistakes that I wish I would rather hide. For instance, I left big chunk of money on the table. I could have taken profits sooner, knowing well in advance where the support/resistance was, but I hung in there hoping and praying that the damn thing would go further.
     
    #1042     Jan 19, 2016
  3. schizo

    schizo

    Long 83.75
     
    #1043     Jan 19, 2016
  4. Stewie

    Stewie

    As I'm watching this, I too am thinking the same thing with regards to profits left on the table. With your recent discussions in the other threads where some are belittling your many trades for small profits (since they clearly know how to capture every 30 point move... LOL), I wonder if this has perhaps had an effect on you.

    When I look over your charts that I keep with the trades you post, I do see some profits come from riding a major move, but by far, most days are simply from the result of the average win being bigger than the average loss. When these two values are 1 point apart and you've taken 10 trades, well, there are your 10 points!

    Of course anyone can say in hindsight which was the better strategy, hang in there for a big move, or just try and capture bits of each wave, but I think that when I look over your stats, the consistent bits actually do better over all. Of course there isn't enough data yet, and how you are trading for the purposes of this journal, trying to just make 6 points, might not be the way you would trade a different account, but I'm just saying that I feel for you! You easily would have made your target today by locking in those profits.
     
    #1044     Jan 19, 2016
  5. schizo

    schizo

    Out 81
     
    #1045     Jan 19, 2016
  6. Aj2014

    Aj2014

    ss 1881.5 sl 83.5
     
    #1046     Jan 19, 2016
  7. Aj2014

    Aj2014

    +4
     
    #1047     Jan 19, 2016
  8. Aj2014

    Aj2014

    4 for 4. 16 points. Got lucky in the globex
     
    #1048     Jan 19, 2016
  9. Aj2014

    Aj2014

    ss 1886.25 sl 88.75
     
    #1049     Jan 19, 2016
  10. Aj2014

    Aj2014

    -2.5
     
    #1050     Jan 19, 2016