I’ve had a lot of failures in my trading career. Of course, when I fail, I take some time to analyze why. What did I do wrong? That’s a good thing to do, right? Almost always, it’s because I had an idea in my head that just didn’t agree with the market. I am absolutely […]
Win percentage is a trap! Read More »
Patience, Position Size, and Accepting Reality One of the biggest obstacles in my trading has been patience. More than once I’ve been within reach of a payout, needing just one more good trade, and that’s exactly when I sabotage myself. I take a position that goes against me almost immediately, and instead of honoring my
I’ve been using ChatGPT for a month or so to help me build a trading strategy that fits my style. What I didn’t expect is that it has become my daily coach. I sit down and articulate yesterday’s results and insights. Because it is a “conversation”, it remembers not only my strategy, but also reminds
Using AI as a coach Read More »
In the fast-paced world of futures trading, few instruments offer the excitement, volatility, and opportunity of Nasdaq futures—specifically, the E-mini Nasdaq-100 (NQ) and Micro Nasdaq-100 (MNQ) contracts. However, with high reward potential comes significant risk. That’s why discipline is not just a helpful trait in Nasdaq futures trading—it’s an absolute necessity. Why Discipline Matters in
Mastering the Art of Disciplined Trading in Nasdaq Futures Read More »
I’ll start with the usual – Just blew another couple of accounts after great starts. I swore I would take a break, but then APEX went ahead and offered yet another 80% discount with $85 PA fee. I like TPP much better because their total cost to pro is only $100+- for a 50k pro
One more time with APEX Read More »
This is when I usually blow it. I’m in a really good place after five trading days with my Apex PA account. I just have to tread water for the next three days. In the past, I’ve felt invincible at this point and blow it. Not that I shouldn’t take a good trade when it
A time for caution Read More »
I was even up $500 at one point. Greed can be bad! But, I don’t want to stop trading because I am afraid to lose! I think winners keep trading when they see opportunity. My problem generally revolves around being unwilling to accept reality that a trade just won’t turn around. I need a rule
Blew another PA today Read More »
I kind of went on tilt yesterday. I blew two PAs, but kept one alive with a loss of $1200. I find I tend to do this when things just don’t go as they should. For example, when there’s a solid support level and the price blows through it. I know, it was probably a
Big Picture Strategy Read More »
APEX Investing had a quick New Year’s sale that I took advantage of. But this time, instead of buying five or ten trials, I decided to buy one at at time. So, instead of rising 5 x $17 by grouping accounts, I decided I’d by one account and YOLO it. That is, risk the max
I need to scale down my position size Read More »
I’m sure I’m not very unique. I look at a chart and think I can bend the market to my will. I stay in losing trades because I just know it’s about to turn around. My ego gets bigger with every winning trade – despite the fact that I was merely lucky. I can go
I am my biggest enemy! Read More »
