Attila

For better or worse I am moving to 2 units and await better trades to mitigate the added risk somewhat. The risk is I run out of trades too early in the day but it's a chance I will take from here on and see how it works out. The anxiety of losing all the profit in a trade too much to bear. Will also on weekends post an equity chart.

NOT LETTING WINNERS RUN... On a seeming daily basis, I am in a trade in the right direction and immediately I am planning the exit rather that getting to B/E, THEN thinking exit. Since most of my trades achieve 50% or more of current volatility I simply don't get it any more.. A child would manage trades better than I.

Statement for 07/06..... Well Sicko has nothing to be threatened about after my day today. Returned to my newbie roots.. Fell for the Post July 4th Fireworks.. And that is precisely what it was... booom!!.. then down. The neatest breakdown I ever saw occurred (LONG 15 min. trendline break AND price level) at NQ 1749 and change... I actually took the trade short... BUT quickly took 9 points and returned to fighting the trend. In my mind after 10 down days NQ was going to rise.. period. From then on it was click anything that moves.. a trading trance if you may. As all this happened watched Euro bump into 1.266+ resistance and ignored it. Since an account can NEVER get anywhere with days like this I am from here on limiting daily account loss to 8%. This will also automatically reduce the overtrading on DOM's (days of madness). I should actually also increase units to 2 as this will really force selectivity as each trade will have more meaning but will stick to risk plan. With decent trading next level should arrive soon. I remember the dip from $1800 or so down to $900 and it's beneficial effect. I Expect the same from this. Onward and upwards!

07/03 Statement.... Not a bad week and plan to step on the gas a bit more next week.. NDX down 10 days in a row...

Statement for 07/01... Baptism by Euro fire.. What potential.. to move like that on no significant news that I could find... 5 steps back, 7 steps forward continues. Anticipated the 1712 low.. shouldn't have.

Statement for 06/30.... Clearly Attila the insane on duty today. Got mesmerized enough by the early chop not to see what was being built. Was transfixed on 1877 as the key (enough to move the 1863 long exit from 1874 to 1877 before leaving for a meeting) but it was lowered to 1875 without my knowledge. Lesson.. what is going on will continue to go on.... until it doesn't, and only at the close can that decision be made... Still, 8 down in a row for NQ has to be a record. Getting used to E7 to broaden opportunities. A surprise not a lot was made today and not a lot was lost either.

Mid September still far away... a lot could happen before then so good time to get to work and hopefully some more participants show up....

Devil in the deatils......

Statement for 06/29...... Any doubt in my mind as to the weight of units traded on the survival hopes of the micro account trader was removed yesterday... Trading one unit is very difficult as it removes any hope of adapting strategy to accommodate the 2 main types of PA... chop and trend. Hold one unit on a chop day and I think, why didn't I take 10 points every time it was presented? Take 10 points on a trend day and you are rewarded with the other pain. Granted neither situation reduces the account balance but still.. Yesterday I took the fastest 20 points I ever saw, leaving another comfortable 20 behind. I admit from the daily (huge gap not filled early plus the selling frenzy), I surmised I was definitely covering early but Attila the Greedy and impatient was having none of that. He wanted his money AND also insisted all of us quit for the day... He won the battle. Admin should have stipulated a minimum participation and closeness to 1 mil. requirement as I don't have any Ipad feelings at all... The only things I am pre-occupied with at this point are the 2 preceding paragraphs... trading as best I can a thousand Ipads (only kidding Steve) will be possible once I show the Greedy and fearful one the door and keep him out...

Statement for 06/28............ If no further management of the race I will stop posting after this week..

Statement for 06/25... Treaded water all week while NQ put in 5 down in a row.. Daily looks so orderly.

Statement for 06/24..........

CME Group Holiday Calendar

Statement for 06/23.. Fed days usually no good to trade.. By about 2:45 this one was clearly one of those and I was $40 up at the time but lost it and more, trading THE WORST 60 minutes of price movement I have seen in a while.. Some trades were stopped out in less that 5 seconds. The more pages, the more losses.

Statement for 06/22. I leave 3 times as much on the table as I make. Has to stop.

"average" is the operative word. This thread is not about "average". Yes there is an element of luck in everything we do. Kindly respect Thalestrader's thread opening statement and leave us to our foolishness. There are Lots of people that lose lots more from larger accounts all the time. We are talking 3k and under here.. is we lose it so be it. Resembling an ET thread in a hurry.

Swing trading can be as (probably more for most traders) effective than day-trading to do well.

Statement for 06/21. Surprising the effect of an extra day away. Was not mentally present.. on days like these I am thrilled to have a flat result.

Statement for 06/07.... couldn't figure out how to get regular PDF later that a day after.

This is my post...(Attila). Unfortunately my iPhone logged me on with my first alias here on TL that I no longer use.

Are these per trade?

Statement for 06/16........

Statement for 06/15.........

Statement for 06/14...........

Small account traders really have to focus on the risk side of things which doesn't preclude nice gains.. i.e. develop a system that generate little to no heat entries. You simply must enter trades as close to defense lines as possible. I have been using a 3.5 stop and I find it is less relevant than where I trade. This is the problem I see with the document which could have been one paragraph and a spreadsheet table. It doesn't focus on what criteria will allow the dream to work.. i.e. the trading system. In a was the training gained with a small account is the best there is. The flames of blowout are so nearby, trying to get you.. Need to achieve escape velocity, which for NQ I see as 5k. Currencies I simply have no clue as far as day-trading.. the 12.5 tick move seems so dangerous for an under 5k account.. I've seen 25 pips in 5 minutes.. Risk=Reward I suppose.