A few questions to spur some thoughts and analysis: 1.) Do you have specific setups you trade? 2.) When you look at your failed morning trades, are the setups not working or are you breaking your discipline and trading outside your setups? 3.) Do you watch the morning news, CNBC? If so, do you think it influences how you trade the morning...ie, rather than trading what you know works are you now looking at the market with a bias (from what you hear on CNBC, read on the Net, et cetera)?
Watch the morning and sit on your hands and see what happens. Lately the morning gap and runs have faded fast and a stronger trend has appeared after lunch. So use the morning to learn and maybe it is just temporary.
you make money in the afternoon bec. lately we just have sell offs. No one knows where the markets are heading and the overall trend is down. so like today expect to go short in the last hour unless ofcourse the trend changes The mornings are more choppier
Morning Trading is Volatile Trading. Unless you have methods of trading that only last around 10-15 minutes during the morning you will fail miserably.
Anticendo, you made 1k ... that's great ... congrats! ... but on what base? Can you share your account size? It will be useful to all ETers if we have a reference. Thanks.
showing up! and by showing up, you're not changing up change up to current market conditions, take time off and test every possible new indicator you can find, whether paid, free, created or combined... go over a recent period and see whether it gives you an edge then focus on that edge, not forever, just for the time being until you turn things around
ah yes, i was actually able to solve this problem. my strategy at that time didnt have enough limits. i was overtrading like a crazed beast and not holding onto my winners long enough. now i impose rules on myself that i do not break.