[smith]

Originally Posted by TRADEZILLA »

Now I don't want to come across as a better trader than I am.. I make plenty of mistake and show many of the same weaknesses of not holding and reading it wrong and etc.. but my results improved after I moved away from a systematic method..

yep agree, we must read the market and act accordingly, it's that easy. but the risk is great just like a mis-funded casino.

[TRADEZILLA]

Originally Posted by smith »

yep agree, we must read the market and act accordingly, it's that easy. but the risk is great just like a mis-funded casino.

I don't think its easy by any means because there are many variables that have to come together..

First, you have to have a "real" edge that puts you on the right side of the trade...
Then you have to have a good sense of levels to put you into a trade..
Then you have to survive the stop loss fluctuation before your anticipated move materialize, which is the most dangerous part of the trade.. This fluctuation has a 2 pt random aspect to it that will mess with your head..
Then when you miss the trade because you're either too slow or wanted a better entry location, you risk the temptation to counter trade the other direction against your better judgement...

Its not easy at all.. In addition, the market will always give you reasons to trade both sides..

Today was a good day for me but it could have easily gone the other way even when you get the bias right...

[avir4tg]

Hi Tradezilla. I'm a full time trader of e-minis, mostly TF, and ES. I'm a very short term scalper and avg anywhere from 50 to 250 RT's a day. I would love an opportunity to check out your skype room. How can I get info to join? Thanks for the opportunity. I look forward to hearing back from you.