My Plan to become a Full-Time Trader in 365 days

October 4th, 2015, 10:44 PM

Inletcap

Totally off topic but,,, How do you get Palm trees to grow in Canada?

I think that's India.

October 4th, 2015, 10:49 PM

rahulgopi

those are Coconut trees and it is in India

Haha- I thought the cow looked a little odd too! I must have missed something- thought he lived in Canada and that was a picture of his farm.

October 4th, 2015, 11:35 PM

Pariah Carey

I think that's India.

Inletcap

Haha- I thought the cow looked a little odd too! I must have missed something- thought he lived in Canada and that was a picture of his farm.

I think he lives in Canada, and has a farm in India.

Right, @Narcissus?

(I had exactly the same questions for a moment, both the trees and the cow.... then said, hey, wait, that's India.)

Bob.

October 5th, 2015, 08:54 AM

bobwest

I think he lives in Canada, and has a farm in India.
Right,
Bob.

Yes, that's right. I live in Canada now after living in UK for 10 years.

I grew up in India but left 20 years ago. The farm in the picture is in India. That SKINNY cow is definitely Indian breed.

We also have 2 Indian Pariah breed dogs in my farm but didn't want to post pics as @Big Mike will start sending food for them

They all look thin despite what we feed and I blame it on the weather.

October 6th, 2015, 11:19 PM

How were the last couple days?

Mike

October 6th, 2015, 11:54 PM

Big Mike

How were the last couple days?

Mike

I assume you mean my trading positions.

My swing position stays the same. 1 ES Short from 1950, added another position 1905 on NFP day. In hindsight, I should have exited my second position at 1944 but the strong bounce threw me off guard. Taking heat but it's manageable due to my account size. Moreover, my premise for short persists until 2011 is taken out on big volume. Until then, I am going to be patient and just observe.

In the meantime, I am just testing a new execution style, similar to ACD but using Volume Profile concepts. The goal is to improve my discipline using fixed targets and stops rather than actively managing. It also allows me to have more day-trading experience despite my 90 mins trading restriction. Response from other members is very encouraging too. Since it's with 150 SPY ALL IN entry and scaling out, expense is fairly low for the experience I get.

Link to that day-trading journal, Get In, Get UP and Leave, is below.

Get In, Get up and Leave - trading style

Great quote and practically very useful too.

As you said, today started to show the qualities of becoming a range day rather than a trend day after the 1st hr. We need different strategies depending on the market context.

My targets of 4, 8 and …

October 8th, 2015, 08:48 PM

You said:What I don't want to happen is me thinking 20 years from now 'What If, I had tried full time trading in 2016?'

Hi

�Do as you please, since whatever you do you will regret it.�

Hope that helps.

October 8th, 2015, 09:36 PM

WISEUP

Hi

�Do as you please, since whatever you do you will regret it.�

Hope that helps.

Thanks. It's very encouraging.

I am a bit surprised that you have been a member for 5 years and your first post in the forum was motivated my me.

October 12th, 2015, 11:07 AM

Quick summary of my Trading Methodology

Foundation - Auction Market Theory & Volume profile
Brick & Mortar - Volume study of Renko/Tick/Minute
Bells & Whistles - Algovisor, NYSE tick and Adv/Decline ratio.

October 14th, 2015, 10:48 PM

I am becoming more confident of achieving my plan. Full time trader is actually an oxy moron.

My goal is to become a full time observer/watcher and occasional trader.

I am getting evidence of the biggest obstacle to my trading. No surprises here. That's ME.

My intraday journal is beginning to show that my entries work if don't interfere with them.

My Plan to become a Full-Time Trader in 365 days

Discussion in Psychology and Money Management

My Plan to become a Full-Time Trader in 365 days