20 hours ago
Friday, September 29, 2017
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A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
I don't care if you have the best "system" or method ... trading conditions are exceptionally tough ... CL trading a point with no pace or conviction = good luck
ReplyDeleteI have been at this for over 17 years and you got to know when to hold back and give nothing to the brokers or the market ... protect your capital
ANY of the blogs that you follow that say they are hitting it out of the park ask them for one thing ... their audited trading statements
Agree with all, except no need to ask blogs for audited statements as I'm not investing with any of them. I follow along more for ideas, inspiration, entertainment...
ReplyDeleteagree ... I am not trying to be a dick, but I wish I would have had someone early in my trading career who was honest and blunt ... trading is almost impossible (I am not being negative - just truthful) ... trading should be boring (if it's not there is a problem) ... trading takes much more capital than most traders have (if a trader thinks $250K is enough they're wrong - unless someone else is paying their bills) ... trading is an ebb and flow and changing business ... traders will never get to a point in their career where they can put their "feet on the desk" each day - it takes absolute perfection and extreme dedication in ones daily approach and the approach must constantly evolve ... if I were to do it again I would definitely do something different-from a trader that has 17 years of experience and has had 2 (yes 2) years of profitability
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