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good post - 10 questions to ask yourself
Started:February 26th, 2011 (09:15 AM) by cory Views / Replies:713 / 0
Last Reply:February 26th, 2011 (09:15 AM) Attachments:0

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good post - 10 questions to ask yourself

Old February 26th, 2011, 09:15 AM   #1 (permalink)
Elite Member
reston, va
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
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Posts: 5,073 since Jun 2009
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good post - 10 questions to ask yourself

saw this post, 10 questions to ask yourself.

Quote from Handle123:

You are kidding, right? You figured you just read some little paperback over the weekend and compete against the likes of me who have been trading for over 30 years? When I trade, my mentality is to stick it hard and often against those who are inexperienced by sticking to my well backtested/traded methods.

You want sympathy, go to your better half and tell them how you didn't come to the game well prepared and lost 88% of your funds cause you don't understand the game.

You might think I am a mean s.o.b., but I am trying to save your last 7 grand. You don't have a clue of all the mistakes you have made. What breakthough? You can hit the mouse cause you lost site of what $60k was? You are years away from grasping that one, you have displine problems and probably do trades based on sight/emotion and not on well tested ideas.

You have no edge, you have no method, cause if you did, you would know where to get out. A monkey can hit the mouse to get into a trade, what you do after the mouse is hit is where one makes the money, not so much the getting in.

#1 How far does price have to go for me to know it is not working out.
#2 How much time must go by for me to know it is not working out.
3# Will I use targets to take profit or will I trail protective stops.
4# How can price action tell me to get out early.
5# How does time of the day help me trade?
6# What does the other markets tell me on trading this market?
7# Do markets do reocurring patterns based on closing of bond market or crude oil.
8# What does trade the rumor, sell the fact mean to my trading.
9# How can I take advantage of reports?
10# When is it impractical to trade the markets?

You make a method and sim trade it for 15 days, it you can't make money 13 of 15 days in sim, you be losing the rest of your dough in real time. [/B]

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