mahesh

Welcome to the world of trading where experience means nothing.

Hey Iris, You are right. I myself was very successful when I was paper trading. But when I started trading with real money, I got cleaned bowled and lost $20,000. Emotions do play a great deal in your trading and putting real hard earned money on the line does take a toll on your emotions and hence your trading.

I'll say jackb, you have quite a way of putting things out. I would not be asking for advise myself if I were making 10 - 15 points a day. Thanks all. Very intersting read.

All of you are right. It is not easy to day trade even with a good trading strategy.However successfull it might be and however many contracts you may play at a time. What you need to remember is that when you are day trading, your emotions play a great deal. It is like going into the darkness when you are alone where you do not know who is going to attack you. Before you start trading, think about 1 thing only: What will you do if you loose 20 times consecutively. Will you still be able to play this game? Money management is something you can only look about after you decide to trade.

Hello Jitasb, What you are doing is right, however trading off a confluence of Different Pivots, Highs and Lows, SR Points is better. I assume what you are Scalping. If you are going for longer term scalp, also try to look at market flow for trading direction. Hope this helps.