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Game Plan

  #111 (permalink)
 
Inletcap's Avatar
 Inletcap 
Murrells Inlet SC
 
Experience: Advanced
Platform: Tradestation
Trading: ES, CL, ETFs
Posts: 9,159 since Dec 2012
Thanks Given: 9,765
Thanks Received: 26,036


blackberry View Post
I don't know how to screen shot, and so I take pictures. Why does it matter?

Point taken. It becomes a lot easier for a reader to see the chart. Thank you. Will place it on my to do list.

Snaggit is the bomb- cost $20 I think- easy annotations and clear shots, resizing, etc. If you take 5 minutes to set it up properly it makes adding pictures to posts a breeze and makes a well organized library( I have mine set to auto label and time stamp my pics by symbol- all I do is choose the symbol profile when I take a snip and hit finish profile- takes 10 seconds to take screenshot and post to futures.io (formerly BMT))

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  #112 (permalink)
DrewDown
Kansas City, MO U.S.
 
Posts: 211 since Mar 2015
Thanks Given: 301
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blackberry View Post
Who r you to judge me? Your opinion is duly noted. But I guess your $60K per month is giving you a god syndrome. I'm very happy that your trading journey brought you to that place. But that does not give you any right what so ever to cut down everyone that goes against your learning curve. What is this place then? A traders meet up organized by a fellow trader called a big Mike? Or the church of big Mike?? Your trading system is yours and yours alone. And I'm not interested in how you clear $60K per month. Otherwise I'd be the first in line asking questions. And you ought to be wise enough to recognize when to stop giving people your opinion. You telling me what to do with my money is out of place. Remember, you wrote earlier how you are loosing money when you have to waste your time on a tiny stupid thread such as this. Then pretty please bugger off to your own thread and preach to those that want to hear the trading god big Mike speak! Your conduct of a gentleman that created a very nice trading forum is unbecoming of who you are as an individual. I have a right to choose my pain in learning how to trade. Who are you to take that away from me?

He's right though. Just by this response, you lack the psychology necessary to be successful in the way you're going about this. Using that much leverage with that little money is just going to be margin call after margin call until you get tired of adding money. Yeah, it's possible you get lucky and have an outsized winner. But because of how little you're working with you still won't be able to add size, or hold the trade as long as you should, because you'll always be nervous at how small your account is. This is what everyone has been telling you through this whole thread. You're fighting a beast that is pretty much impossible. I have some decent experience trading futures with live fills and tracking my progess, and I'm no pro, but even if I were a pro I don't think I would be playing with such a small account size. I would be looking for mentorship and keeping records to show to anyone who may be willing to stake me. I would probably be trading something else with my cash, small caps or micro forex, and stick to that instead of immediately jump into a ring where I'm going to get my ass kicked. If you can't understand this, why post about it and keep voicing opposition? The market is always right. It's like you just want attention and a rush. Trading is supposed to be boring. So boring you have to sit there with a cup of coffee and a book just to stay awake. Not heart-pounding-from-chest "OH MY GOD I'M EXPOSED! CLOSE IT! CLOSE IT!" It's not just about knowing when to buy or sell, it's about being at peace enough that you don't question yourself and stick to your plan and trade what you see.

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  #113 (permalink)
 
Inletcap's Avatar
 Inletcap 
Murrells Inlet SC
 
Experience: Advanced
Platform: Tradestation
Trading: ES, CL, ETFs
Posts: 9,159 since Dec 2012
Thanks Given: 9,765
Thanks Received: 26,036



DrewDown View Post
He's right though. Just by this response, you lack the psychology necessary to be successful in the way you're going about this. Using that much leverage with that little money is just going to be margin call after margin call until you get tired of adding money. Yeah, it's possible you get lucky and have an outsized winner. But because of how little you're working with you still won't be able to add size, or hold the trade as long as you should, because you'll always be nervous at how small your account is. This is what everyone has been telling you through this whole thread. You're fighting a beast that is pretty much impossible. I have some decent experience trading futures with live fills and tracking my progess, and I'm no pro, but even if I were a pro I don't think I would be playing with such a small account size. I would be looking for mentorship and keeping records to show to anyone who may be willing to stake me. I would probably be trading something else with my cash, small caps or micro forex, and stick to that instead of immediately jump into a ring where I'm going to get my ass kicked. If you can't understand this, why post about it and keep voicing opposition? The market is always right. It's like you just want attention and a rush. Trading is supposed to be boring. So boring you have to sit there with a cup of coffee and a book just to stay awake. Not heart-pounding-from-chest "OH MY GOD I'M EXPOSED! CLOSE IT! CLOSE IT!" It's not just about knowing when to buy or sell, it's about being at peace enough that you don't question yourself and stick to your plan and trade what you see.

Great words @DrewDown... You are correct- trading is supposed to be boring. I personally suck on trend days (especially the slow grind up ones) because I want to be doing something. My best days occur when I'm busy with other things and am just glancing at a chart every so often to see that progress is being made- It certainly wasn't like that when I first started though.. Hell, I'd buy near the bottom tick and sell just because I couldn't believe my entry was so good I felt something was going to go wrong I love how we have all had our own personal journey yet anyone who is honest admits we all ended up doing/feeling the same things.

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