2 hours trading 26 % up....... 300 % up for the week .comments welcome ...but i suspect everyone has put me on ignore.....
Congratulations padutrader, I am so proud of you sir. I have always knew you was a decent day trader. You definitely inspire me to work harder on my day trading adventure.
Everyone but me sir. I have been busy on my own trading, so I am just catching up on your thread. How can I set it up so when you post I get a notification? For some reason, i do not receive notifications on your thread. Thanks for sharing
nooby_mcnoob, Because these people are stupid and lack humanity. Stupidity and lack of humanity is at an all time high these days. I admire someone who honestly state their flaws and their progress. I like padu because he has always responding to my question in honesty and fair comments.
padutrader, I am just catching up on your post. I been gone for awhile. Man, I love your post. Keep it going and thank you. Regarding systems. I agree with you totally. I am computer programmer by skill and education. I have tried to build and test intraday trading systems. My assessment is one intraday trading automated system can not trade the market. The eyes are better.
Hello padutrader, I was experiencing the same thing, the last time I went live about 4 months ago. I lost about $1200 of cash trading. My entry was not the problem, the problem was my trade management. I did not have a clear, logical way to exit a trade. I knew where I wanted to exit the trade, but I would never exit because I wanted to make more money on the trade. So I discovered my problem was exit at fixed profit target or trail the winner. I stop trading real money, and went back to demo until I fixed this problem and evaluate the results. IMO, your instinct is your observation of price action context, i think what you mean to say was, you do not have a clear rule based entry method and that was bothering you because the word on the street is "you better have a veryyyyy clear precise entry method and don't break it". Well, I always remeber what Al Brooks says "Get in the trade once context is clear, buy here, buy here . buy here, buy there... doesn't matter, just get in" So I think that is what you was experiencing. To simplify my life I have one way to enter a trade only.
I have been busy all day so this is the first opportunity I have had to check in. Not ignoring! I was a papertrading madman today. I didn't get my paper trading platform running properly until two hours after the market open. I kept getting a "invalid entry time" error or some such. I finally restored to a recent working configuration settings file and then I got busy. Traded until 10 minutes before the closing bell. So I missed the most productive half hour of the day. Lost $513 but I have never done well paper trading. Anyway it is just funny money so it was just a very compelling and engrossing video game. My paper trading account is now back down to $259,329 but I just reset it to $250k a couple weeks ago. Nice going on the P/L. Keep it up and you will be having lunch with Warren Buffet next year.