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Old 10-18-2008, 11:00 AM   #17

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Re: Training for Profitability

I'm still unsure on what instrument I want to concentrate. I love the Hang Seng, I like the SPI. Both are relatively crazy. But I also like the german bonds & DAX. How the hell do I decide which one to go with? everyone talks about just going with what suits you - but I like them all.

Starting from next week my exposure to euro trading will stop as I'm working nightshifts (casino). So only Asian for now...

I've been keeping charts of my markets every day (sorted according to downtrend, uptrend and chop) and looking for setups which I can then test out live.

My other concern is whether I should be concentrating all my energies on one setup in one environment and then pushing myself to go live? or should I look for multiple setups in multiple environments? right now its just a mess. I'm taking random entries on feels and looking for setups everywhere.


My goal for the end of this year is finding an instrument to concentrate on and then working on going live, and then by the end of next year to have another go at a prop firm interstate.


P.S. I've learnt heaps by just watching the DOM and tape & reading market microstructure (thanks for recommending it).
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Old 10-18-2008, 11:16 AM   #18

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Re: Training for Profitability

Another thing I was thinking about that recent action is not exactly representative of the average day on DAX, SPI or Hang Seng so may need more time to figure out which one is for me.
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