Call me Vidvad - I day trade futures

Quoting vidvad

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Edward Thorp on gaining an edge in the market and in life https://www.youtube.com/watch?v=Hssp...vestingchannel

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Quoting endroute

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{quote} this is pretty insightful stuff, I wish I had seen this way earlier in my trading career than having to trying it out myself, though tbh I probably would have not headed his lessons because I thought I knew it all

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Quoting vidvad

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{quote} So many things in my life I could have done better and faster simply by heeding the advice of someone smarter. But we humans, my goodness, don't we all think we "know better" even when we in fact know nothing?

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Quoting endroute

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{quote} There is nothing like letting your ego get in the way of success, trading has really humbled me.

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Quoting vidvad

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{quote} Me too. Show me a cocky trader and I'll show you someone who probably isn't nearly as profitable as he lets on, and not nearly as profitable as he could be. The humbling process took me a while, but humbled I truly am.

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Quoting driven18

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{quote} My middle name is "Cocky" You know why? 'Cause I deserve it! There is no reason to be too humble for successful traders. Trading is a lonely profession and after a long and hard road to "get there", and become a success, it is good to hype yourself once in awhile. Hyping as we speak .

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Quoting endroute

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{quote} To vidvad's point the overwhelming majority of the people on this site are all talk and no profits.

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Quoting driven18

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Here is example on why I am feeling proud of myself("cocky"). This is a Gold futures trade 5 Min TF and I had +250 ticks profit at the best level of this trade. However, it was not in my trading plan to take the profit there and I ended up with beautiful 108 ticks. Cocky and Proud to hold on to my trading plan, execute MM and control my MindFuck! {image}

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Quoting driven18

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This is a Gold futures trade 5 Min TF and I had +250 ticks profit at the best level of this trade.

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Quoting endroute

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{quote} I fucking love this, I trade gold on the 1min and 5 min charts from 8am-10/10:30 or so and shoot for 80 pts across 2-3 trades depending on how things look. its nice to see another gold trader here. Nice trade

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Quoting vidvad

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{quote} {quote} This shows how the universe sometimes does seem to conspire to treat us well. After I fell off my discipline and took time off from trading to regroup, I came back with a plan. That plan is I will only trade gold for the next 20 trades minimum. Here are some gold trades from today. +115 ticks on those two trades. Gold is a great instrument, and it is one of a handful I have experience trading. ES, NQ, CL, GC, 6B, and 6E are the futures contracts I've traded a lot over the years. At the moment, the volatility in Gold is perfect...

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Quoting vidvad

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“There’s a lot of delusions of grandeur out there. A lot of people think they can go out there, spend a day and pull $1,000 of gold out of the ground,” Hurd says. “I’ve done that once or twice, and those were really lucky days. I’ve had thousands of days I find nothing at all. It’s hard to make a living on just finding gold.”

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Quoting vidvad

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I posted this to the journal some time ago. Trading gold is probably a much better way for individual prospectors to make consistent profits from the yellow metal than going out into the Yukon and panning for it. At one time, Gold Rush was a favorite tv show of mine. {quote} “There’s a lot of delusions of grandeur out there. A lot of people think they can go out there, spend a day and pull $1,000 of gold out of the ground,” Hurd says. “I’ve done that once or twice, and those were really lucky days. I’ve had thousands of days I find nothing at all....

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Quoting driven18

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{quote} I loved the first season, Gold Rush Alaska and when mining occurred at Porcupine Creek. Later seasons, i thought, sold out themselves keeping up with made up artificial dramas.

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Quoting driven18

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"At the end of the day", no matter what epiphanies are here or there or whoever said what - it is what you have at the end of the month in your account. We are in the business of pulling money out of market. For me, If my account is up at least 10% or more without more then 10-12% DD - epiphanies worked, if not - they did not. Move to next epiphanies.

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Quoting vidvad

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{quote} You're starting to miss the mark of what this journal is about. Maybe you should start a journal to focus on your views?

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