2024 Trading Thread
10-27-2024
, 08:22 PM
Quote:
I started to study years ago, but didn't had success. Took a time off, started to study and trade again a few years later, one more time I failed . Then, started again, and failed again.
Then decided I would become a poker player. (Had studied for some time in past). I studied for some months and made it up to 25NL. Then, I decided to try trading again because of the higher income potential.
I was determined to succeed. Took some time just studying and started to trade.
Around the 5° month of trade I had my 1° month of consistency.
But in half way I got completely out of track.
I absolutely had a mathematical edge but acquired a horrible mentality when started to make a relative decent money on a daily basis.
I stoped to be technical and think in terms of EV, and started to think only about making huge amounts of money (relative), everyday. I was taking trades I shouldn't when there were not good opportunities because I didn't want to have a day without making money.
I got blindly greedy after seeing those fat daily profits.
I started to use compounding calculator to forecast ideal returns for the next months and dream about a luxurious lifestyle. haha
And that was the phormula to fail again. Later or sooner I would **** up everything, because it's impossible to succeed in the markets with such trash mentality. In a certain day, I should just accept a 12 ticks stop and move on. But I was not acepting losses very well. I started to defend the next defense levels and increasing position size until I got so tilted I went 'ALL IN' and leave the room. When I was back to the screens I was broke. I'm glad this happened early.
Now, I'm starting again and determined to keep a world-class mentality.
These ones below are day by day P&L graphs.
Then decided I would become a poker player. (Had studied for some time in past). I studied for some months and made it up to 25NL. Then, I decided to try trading again because of the higher income potential.
I was determined to succeed. Took some time just studying and started to trade.
Around the 5° month of trade I had my 1° month of consistency.
But in half way I got completely out of track.
I absolutely had a mathematical edge but acquired a horrible mentality when started to make a relative decent money on a daily basis.
I stoped to be technical and think in terms of EV, and started to think only about making huge amounts of money (relative), everyday. I was taking trades I shouldn't when there were not good opportunities because I didn't want to have a day without making money.
I got blindly greedy after seeing those fat daily profits.
I started to use compounding calculator to forecast ideal returns for the next months and dream about a luxurious lifestyle. haha
And that was the phormula to fail again. Later or sooner I would **** up everything, because it's impossible to succeed in the markets with such trash mentality. In a certain day, I should just accept a 12 ticks stop and move on. But I was not acepting losses very well. I started to defend the next defense levels and increasing position size until I got so tilted I went 'ALL IN' and leave the room. When I was back to the screens I was broke. I'm glad this happened early.
Now, I'm starting again and determined to keep a world-class mentality.
These ones below are day by day P&L graphs.
10-28-2024
, 06:37 PM
10-29-2024
, 01:31 PM
I trade channel breakouts, momenetum and support/resistance for the most part. 100% technical trading. Also do mean reversion in trends which basically means buying dips in uptrends. This is my favored approach for equity options.
Yesterday
, 11:56 AM