Obviously I'm rusty... I will now go back and trade the dozen or so market replays I have saved and
try to get a feel back.
I can now pull the trigger with live money easily.... (maybe too easily!! )
I will now save up the $10k Mike says is minimum and trade correctly. I didn't want to blow through a account learning. That's why I started small. The only thing I learned from it is the mental edge of losing money.
My Technique needs to be refinded and hanging around this place will help with that.
I came in with $2K and left with $1K. I fought for 6 months. I need a sharper edge.
Call it tuition. I will read all the books I have wanted to. And practice.
I will still post my practice trades and hopefully get some guidance.
"Life On The Edge of SR"
The following 3 users say Thank You to tderrick for this post:
So I read this guy's blog as well. He is the ONLY guy I've ever seen that posts his real brokerage statement. How do I know its real, because we use the same clearing house and mine looks the same. Its true, he is very experienced and to my knowledge has been trading the same system for years with only slight mods every now and then. He knows his stats, his edge and has money management down really well. So yes it is possible. I am encouraged by his blog as I know I can do it too by just being disciplined. It is harder with a small account. But you must have 100% faith in your edge. If not, stop trading.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
The following 2 users say Thank You to PandaWarrior for this post:
a whole topic in itself, you have fishnet indicator made out of multiple MAs, bigmike CDA made out of some MAs, MAs with fib numbers setting seems popular then again 20, 40, 50, 100, 200 are also popular. I also have a collection of MAs setting of some weird number. So what to make of them all? Just pick a number you like and go for it, everybody starts with 20 I think.
The following 2 users say Thank You to cory for this post: