Old Posts Tagged with "prospectus-fails"

These are Blog Archives
Here you can find links to old content I had on the blog, prior to switching to our group pages. Have fun looking around... some of it is pretty good! If you are looking for the best of the best posts from both the old and new eras, then go to the Articles Page. If you want the newest material, browse the public group (and the google waves associated with it).

Guest Post: This is The End

Posted on January 3rd, 2008
Written by Prospectus

I have decided to quit trading.
I have given this my best shot, but as Richard said earlier, “Trading is simple. YOU are complicated”. And I am indeed complicated.
I have gone from being up 25% in my prop account after two months to now down -80% after 6 months. There have [...]

Guest Post: The Prospectus Comedy Hour

Posted on December 14th, 2007
Written by Prospectus

So you thought I was a clown a few days ago? Today I was Chuckles McGuffaw the 3rd, Chief Clown and Grand Jester of the Market Clowns Union, M.C.U. No. 1337.
I had the day off today, and I had a couple of hours around lunchtime. I started scalping RIMM, and ended up making [...]

Guest Post: Emo Update

Posted on December 6th, 2007
Written by Prospectus

I’m stuck in my trading progress. I have no method. I try to trade what “looks good” since I have no method. I lose a little. Wash, rinse, repeat. My biggest problem in finding a method is that my head is so full of hundreds of different timeframes, methods, indicators, [...]

Guest Post: An Inventory of Where I Stand

Posted on November 20th, 2007
Written by Prospectus

As I’ve been looking back at my trading history, I’m realizing how much I have lost over the three years I’ve been trading.
I started with $1000 in a Scottrade account, and I turned that into $300 through n00b trades, holding on to losers and buying cheap options. I literally knew nothing back then. [...]

Guest Post: After Hours Blowup

Posted on October 25th, 2007
Written by Prospectus

I blew up 30% of my account today. I made some trades earlier in the day, a few -1R losers, you know, my usual.
I tried to scalp some BIDU after the close, making the spread. It was working pretty well–I had one good win and one scratch. I was long 30 shares [...]

Guest Post: More Emo from Prospectus

Posted on October 22nd, 2007
Written by Prospectus

This song from Incubus pretty much sums up my trading and life exactly. The video with it is kind of WTF, so ignore that and just listen:

Nowhere Fast by Incubus
Will I ever get to, to where it is that I am going
Will I ever follow through with what I… with what I have planned
I [...]

Guest Post: Market Monk’s Trade and My Continued Decline

Posted on October 16th, 2007
Written by Prospectus

Here’s some charts of a great short trade Wallstreak user MarketMonk made in PTR:
Daily:

5-min:

He pulled in 8 points there! Nice work.
I got back from my work travel, and I have taken 7 trades in the last two days–6 losses and one (small) win. I continue to trade wrong, be on the wrong side [...]

Guest Post: Out of Town and Discipline Idea

Posted on October 9th, 2007
Written by Prospectus

I’m on the road this week, traveling for my day job. I’ll not be trading much (if at all), or blogging, or even Wallstreaking. If you start to jones for your daily dose of emo, then just click my name to go to my blog reruns to tide you over ;)
Anyway, I was [...]

Guest Post: Spanked, but Still Here

Posted on September 28th, 2007
Written by Prospectus

-3.6R today. 7 trades, 7 losses. It was a low volume choppy day, and I pushed for trades instead of trading good setups that I saw (because I didn’t see any). I’m not practicing what I’m supposed to be practicing anymore, I’m just starting to get back into trading as usual. [...]

Guest Post: My Seven Step Plan

Posted on September 19th, 2007
Written by Prospectus

The comments from my two posts have really changed my thinking around. I’ve been focusing so much on trying to trade my way out of the hole I’m in, and I need to stop digging and take a breather. I need to refocus on different things. I need a big paradigm shift, [...]

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