I’ve been dabbling (ok, more than dabbling) in prop firm futures trading for a couple of years, now. I’ve had some success, but have consistently lost money. Every time I blow an account, I get down on myself for being so stupid. I mean, I have like an 80% success rate for my trades. But, […]
Prop Futures Musings 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’ve always felt It’d be nice to know if/when a trend will not hold. It’s been in the back of my mind, but I could not define it. This morning I saw a trend break and my gut told me it would. This is what I saw… The last dip exceeds the normal lower low
When a trendline does not hold… Read More »
OK, it took a while, but I Finally realize my difficulty with being successful have less to do with my strategy and more to do with my inability to take a loss. I know it sounds simple, but if you don’t have the discipline to exit a trade when it goes against your stategy then
I just had an amazing day. I took a measly $25k account at Take Profit Trader from zero to almost $3k in a single day trading just 3 micros at a time. I mean, each time a reversal happened it respected the trend line – again and again and again. It was intoxicating to add
Greed will get you! Read More »
I have been thinking about my trading. Trying to understand why I stay in trades when I think or fear the trade is going to go against me. I know I’m not alone. I’m in a trade. It is progressing nicely, but there’s a nagging feeling in the back of my head that the bottoms
Proper mindset when trading futures Read More »
One of the struggles I have is being patient. I tend to do well early in the process – either in an eval or performance account. But then I get impatient when I hit a plateau and start taking too many risks with the hope of catching a big one. Knowing this about myself, I
Aggressive to the money strategy. Read More »
Seriously, I usually start out well but then get impatient when progress slows and take stupid risks. I MUST stop this. I just blew yet another account that was well on its way to success and started revenge trading when a trade went in the wrong direction for a mere $200. I should have just
I just can’t seem to be patient! Read More »
I had a shower thought… It seems trading the NQ is like walking through a minefield. I mean, a bull trend is moving nicely and then, BOOM, the bottom falls out and we drop 30 – 50 – 100 points in a minute. Why does this happen? Well, in normal markets, there are market makers
Falling off a cliff 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 »
