i remember i felt that way, about simming in 2010, and i was bored.so i went live, and gave my $ away.However, in retrospect, i didnt have a sound method(not really a method at all, but an idea).So, i eventually went back to sim, resolute, that, i will not trade $ until i am profitable in sim.Over a year later, i still struggle.What is the difference now?well, i have definately got a better handle on trend lines, and sup/res.I try to treat every day as a real cash day, and i dont get bored.There have been so many changes along the way, so , once again, need to be patient...always patient.It sounds to me like you havent made too many changes ,and thats good.I read the mark douglas book, about emotions, as i had a problem with that too.***************I also made a rule, that i only trade 1 cl contract, until i earn the right to trade 2, etc.Obviously, this will be live, not sim...After listening to Al Brooks, and learning quite a bit, one of the things he said , is so obviously true(especially lately)"trading is hard"...Now, in some ways, it is simple, but its the execution that is hard.The mental part is the hardest for me.I see other traders finally get to profitability, but they also go through drawdowns.I guess its all just part of the journey.Oh, also, ive heard veteran traders say they never trade without emotions, they just get better at managing them...Kinda like someone who is afraid of heights, but manages to deal with it...keep up the good work...i like the charts!
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you are! just kidding...last year for 3 months(jan-april)i got up at 2:30 am to watch the european market....I have 3year old twin boys...and i was exhausted.Where there is a will, there will be a way..did it help? i think so,...every hour is experience..
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i just did some replay on the m6e, what a trip!A dollar a tick.I see your point, you can forget about the $.A very important issue.The fills are a little different than the cl, but seem good enough..I wonder, who is trading this? looking at time and sales, it looks like daytraders that are practicing, because of 1 and 2 fills.It has to follow the 6e price wise, i assume...it allows the trader to focus on a method...
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I am roughly BE. I don't care about that right now - just want to get comfortable pulling the trigger
under fire and standing by my decision until PA proves me wrong. This can be a very long wait
in the EUR, which is one reason I am turning to a scalping method. I held two trades yesterday
way past any sane stop, because it was, technically, still viable with the market sentiment. I won't
be doing that anymore. I will play price action inside the big movements.
I was proud of myself yesterday for staying in trades for hours at a time. It will make
staying in my scalp trades a piece of cake.
I woke up this morning with the new mindset.
I fired up the Mac with a whole new plan...
...saw price crashing down to a support area, placed a buy limit in the correct place, was filled
on the bounce and easily gained my 16 ticks.
That's it for today... off to work.
I had to burn in the new mindset. The EURO does not trend nicely like the TF. EURO has crazy PB's that
sometime exceed 100% of the prior move and then will continue on like nothing happened....crazy...
Here is a chart of what I have been up to the last couple of days. I had a strange thing happen holding a position through
the session break and other assorted madness that can only be worked out trading live.
I'm fried, but loving it
I haven't made any money, yet... but I haven't lost any either - Which is great!! The first step
to going pro...
"Life On The Edge of SR"
Last edited by tderrick; February 9th, 2012 at 08:59 AM.
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