you can all laught at me- I BLEW UP

NYHC man! keep the faith, stay strong....

surf

 

I think that most of us that have been trading for a while have blown up an account or two. It always happens when we can least afford it. Sorry to hear of your misfortune and hopefully when you come back you will have learned something from this.

Good Luck,
Gary

 

One good rule or measure about taking on risk is that you can only take leverage/position size to risk what you can make easily day to day.

If your able to make day to day 1% on your account, you can only risk 1% on your acct, if your risk numbers are higher then what you can pull in, you will be walking 2 steps forward and 3 steps back in trading.

 

Sorry for you guys blow ups. You probably don't want to hear it, but I'm up big time the last several years. I thought I ought to let you know that I think maybe I got your money, you know, with all that zero sum game and shit. I felt that I should get this off my chest; a confession of sorts. Not that I don't want you to keep blowing up. I like the money. I really do. I just felt kind of bad about taking y'alls green. Well, not too bad...You know what I mean. Peace.

 

You shouldn't kick a man when he's down like that. Everyone has their ups and downs.

 

its a bad situation. you guys mention "dark and lonely". you're not kidding. again,don't want to come across as a complainer i am just venting because who else would understand? only those that trade do. its going to be a long weekend,perhaps thats a good thing,get my head straight. have to go to a get together tomorrow and i don't know how i'm gonna do that.

 

Keep your head up - this is where your manhood is tested

You will overcome this

 

i'm trying,i really am.

 

NY Hood,

check your pm's

 

you should keep a journal of all your trades, and understand what led you to this point, and avoid it.

draw up a set of rules for intraday setups in terms of probability:

1) 60 minute trend
2) News vector trend
3) correlations with other markets
4) above or below open
5) moving averages above or below
6) direction of moving averages
7) news report (trending tendency or not)
8) yesterdays high or low violation (range extension)
9) make a note of weekly high or low month high or low
(those are inefficiency zones) coast to coast targets, at failure of one or resistance of one.
10) gut check (instinct is trade a winner or looser after placed. usually trades placed at the weekly high or daily high or low, if they arent winners from the start, probability is they wont be.