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Well it was intended to entice you out of your quiet spot, and see if you were willing to write more. Many people have written and asked questions in relation to your trading plan/style in order to try and help, however nothing at all has come back.
And please don't think there was nothing constructive in my post. I just honestly can't see any more than what was written in those first 2 pages helping, and that is because of the quality of the responses you received in those 2 pages.
I love trading, I love to be proven wrong. Please then, help the people that are trying to help you, prove me wrong.
Trader's aren't born with an edge. They either develop it or they don't. It takes time and practice.
You have so much actionable advice on this thread so I am only writing to say good luck and give yourself some time to learn what you want your edge to be then work your ass off to develop it. You need more money before you go live so you have time. Of course I know you want to start now but it is better to be patient, build up your capital and learn. Trading isn't going away. To become a trader that doesn't go away (like most) you have to think long term. It isn't easy but it is worth it.
Hello Tony, seems your scalping, I think scalping is a bit like standing behind the one-armed-bandit, it is very stressful and most of the time you feel you are wrong, while you might be right. I tried this a few weeks, and it gave me some extra gray hair.
Stick with the Micros, preferable MYM or MES, a little bit slower than the MNQ. Use the Russel (M2K) as you leading indicator (most of the time this one starts running before the rest follows), but give yourself some more time. And over trading is something that we all did and we still do sometimes. (I was up yesterday $1200 and closed with a -$1400) but don't kick yourself, as long as you are good by the end of the month. NEVER EVER trade with money you cannot afford to loose, this would put more mental stress and works AGAINST your trading.
Never stick with the trade when it really goes against you a lot, it will kill your portfolio, period. If you cannot admit being wrong and telling the world you should be right, than forget about it. Trading is not about YOU being right, it is about the MARKET is being right and you just follow it, nothing else.
It is work, it is fun, it is challenging but most of all, if you can break even or gain at the end of the month, you did a good job.
If you do sim trade, take it seriously. If you make 40 sim trades in a day, and end up with a gain of $12.00 you have learned nothing.
Limit yourself to 5 trades per day (for example) and only pick the best of the best situations that fit your criteria. Trade for a week and review progress.
This is the thread that really pulled me in. I signed up over a month ago realizing there is no way i'm going to get this game on my own.
Posting here to up my count so i can reply to my own post or at least thank @Epistemophilic (can't PM either) for putting in more research on my account questions that it would seem i have. lots of reading ahead.
no edge .. he is saying i can not trade .. every member on here knows that feeling . we also know there is little we can do to help him . it took most of us 5 plus years and we still have losses that are painful . the only advice i can say to help is .... stay away from trading educators ... they can not trade as well .
What do you mean "abused SIM trading"? It only becomes useless if people don't know how to test their ideas and trading setups. And that's a huge problem with 90% of traders - they don't know how to test. If pilots, surgeons and companies who design cars and aircraft didn't test their skills and products, we would have a lot of dead bodies around as a result.
If wannabe traders don't know how to test, they may as well give up the ship.
