I can always find something that is very easy to do, has a high success rate, good win to loss ratio.. but it happens infrequently... I think I might just give it up and do those things, everything else I do requires a certain degree of perfection of execution, to say the least... and most mornings I can barely stumble down the hall to the computer let alone achieve any sort of efficiency... not a morning person.... at all...
Nice to see that someone has an open mind and not really care about what others think. As you can trade either long or short, why not give you the option to pick same. You must pick the trade as it is you that is trading! Pick a Long Trade from this list. http://moneycentral.msn.com/investo...tutional+Ownership+Up+Last+Month&btnQryFrm=Go Pick a Short Trade from this list. http://moneycentral.msn.com/investo...tional+Ownership+Down+Last+Month&btnQryFrm=Go
Well, you can also create a system for living with your results. The process of trading is easy (follow your system). The process of living with the results is easy (follow this system). The challenge alluded to is that the mind seeks more fun than good trading typically provides...seek your fun outside of trading...if it's sex, moutain climbing, sky diving. If you do stuff like that and let your mind experience the highs and lows is is built for, in my opinion less likely to seek it in your trading.
NoDoji, no disrespect but forget about posting trades or using links. You can of course do so if you so like but you must go it alone. FWIW, some of us do not have a lot of time, even if it looks like we might have at times. When we post, we post a lot in a short time and then might disappear for a while. For those who are keen, it should be obvious. For those who already know enough to go it alone it is very obvious. If no one is interested then that is fine, and the thread will cease along with the hundreds of other ceased threads. What will be will be. No hard feelings btw, as trading is just like any other normal job, in that, things need to get done or nothing will happen.
Let us then continue and see what can be done. Firstly, unless we are set up for full time daytrading things are going to be a bit hairy scary, so we will just take a look at what is happening and see if anything jumps out at us. Our goal is to learn how easy trading can be, so we are not focusing on making money at this stage, just not losing too much. We need to have a quick visual representation of what the hell is going on today, so lets have a look! http://www.smartmoney.com/map-of-the-market/?view=0&showBranding=1 Gainers MI +7.24% GIL +10.16% EK +7.38% HRS+16.73% TLAB +7.38% There are a lot more but those 5 are given by clicking the correct button. Lets see what they are like as potential trades?
Now we have some more info to help us make a decision, it took the length of time between the posts to get same, combine and upload. Are we going to daytrade or take on a bit more risk? Big gap on HRS, let us take a look at that one and see, but some say that gaps are filled? Long 200 HRS @ 35.27 limit Stop @ 35.15 Might need adjustment but lets see? Ok, must go but will leave order in and see what happens? HRS @ 35.33 @ 17:26
stupid thread, the previous thread stated the fact honestly....TRADING IS HARD, VERY HARD, DAMN HARD! Buying and selling is the simplest thing you will ever do but at the same time the hardest thing you will ever do.
Sorry, didn't trade any of these, saw this post while I was busy practicing my ES trading this morning and had no time to make a pick from the lists. For the record, I'm generally a counter-trend trader, so these lists present a challenge... As usual trading was easy today. Only traded the morning, studied real-time chart action the rest of the day. Unfortunately, letting a winner run all the way was hard. And acting quickly instead of chasing was also hard, thereby ending up with an entry price .20 cents from where it should've been. Today's results: http://www.elitetrader.com/vb/showthread.php?s=&postid=2540032#post2540032
Early downtrend on ES this morning on dissapointing retail data and then the uptrend soon after. It was easy money To play the ES game and be successful at it, you gotta get up early and study market action and any pending econom news. My 2 cents........ Full time ES and NQ trader for over 3 yrs