I agree, that was the most hilarious post yet, telling someone who has lost their arse trading to march on down to a Prop Shop for equity. Hell, why not print out the P&L and let William Ackman know your available to trade too. That was funny!
Day 4 +1.61% Charts weren't pretty today and I barely traded. That and also my internet was being uncooperative and I disconnected twice. I tried to add commentary but noticed after the first internet disruption, volume wasn't going in. After restarting my computer to fix it, from some point it wasn't streaming. A lot of technical mess going on today. Just glad I finished in the green and not the red.
You are now starting to experience some of the distractions I mentioned while trying to stream your live trading. You're welcome.
Day 5 -20.1% Week 1 +3.9% Where to begin... I was having internet problems again in the morning. My house has the cheapest internet and I guess it can't handle online streaming, charts, and trading at the same time. After a short time, I discontinued live streaming so I could trade. It was lagging a little and my chart... before I realized... wasn't updating in real time. It was lagging. What a nightmare it was this morning. I basically had IB open on my laptop and was looking at the charts via my phone using data. If I played it safe and defensively, I wouldn't had the results I had now but being me, I didn't play it safe. I kept my short position open during work as well when I'm supposed to trade only in the morning time. Thanks to my stupidity, I lost everything I earned this week. I'm up $126(?) for the week. Oh man oh man... before today I was up 30% this week. I gambled today and I lost. I knew I was gambling too... Why does this feel like de ja vu. Can't wait till next week.
Awesome Dude, you are really starting to kick some butt, good job! I wish I had to luxury not to listen to all the Collective Wisdom of Elite Trader but I think you are going to be a Super Star, Good Luck!
Day 6 +7.44% excellent example today on how not to trade. pure excellent video, with commentary, on how not to trade. Made money on a lucky breakout but today, trading was horrible. Oh man, if I don't really stop gambling, I'm going to lose all of my money this week.
There, fixed it for you. Today I lost about $670 including fees in three trades. I could have tried to recover some of it, but decided that I had had enough. I stopped trading so I didn't lose more, because obviously I wasn't on top of my game. That's how I'll avoid ruin. You should consider doing the same thing. When you're not feeling like you have a handle on things, just don't go in. If you do and your results reflect that, then stop going in for the rest of the day. Take a breather. Tomorrow is another day.