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 [...]
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 [...]
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, [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
-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. [...]
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, [...]