Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Yes, we need to achieve an acceptable level of consistency FIRST. You may consider having a thread logging your progress. Big Mike and many members will be sharing their experiences with you.
Wishing you All the Very Best in designing a profitable system Tripper22!
Mon, Tue, Thu and Fri from 9:40 am to 12:00 noon
Wed - will not be home
SOH 10 minutes before and after a high priority news
2. Trading Instrument TF
3. Contract Size: 1-contract trades with initial PT/SL @12
4. No of Trades/day: Maximum Two (likely to be one and NIL trade is fine too)
5. Maximum Loss End of Week: 48 ticks | around $500 after commission (Stop trading when it's reached and/or 3 losing trades in a row)
6. Expected Ticks End of Week: As long as it's Green and I make enough for the commission .. I do not have a weekly PT so that I will not overload myself with tick expectation. Focus will be on spotting high probability signals and trade management (incl early exit decision).
7. No sim trades. If it's a good signal, go for real else SOH if my heart/fingers do not want to submit a real trade.
I will be back reporting the weekly result on Fri afternoon OR when Item 5. is hit (hopefully not the case).
Thanks Cory and Eric for your best wishes. Yes, pressure is mounting in this household .. I can't sim forever .. 48 ticks are affordable to prove if I can do it ..
"I will take trades only in my plan. I will manage my trades according to my plan. I will succeed. The market will do what it will do and I will act accordingly. I am a winner regardless of the results of one day."
Something you may want to do is record your sessions. I use HyperCam2 (FREE, except don't click ok to install the toolbar thingie) and it will record multiple screens in AVI format. The files are quite large, but with a headset and Mic, I am able to hear myself perform.
Maybe you already do this, but if you don't, this is great for hearing your voice and any emotions or words that you can't believe you are saying when you go live. It has helped me immensely as my wife would tell me that I was kussing up a storm and I would say, "Nuh uh!"...
I would say, "You gotta be f-in kidding me!" --- BEING A VICTIM!
But, I wouldn't even recall it at all until I heard the recordings! haha..