Weekly review. +55$

Well nothing to brag about, this week have shown me that when I obey my rules fully I can make money, while I know that 55$ doesn't count actually as money, it's still not losing money.

I think that by limiting my losses I can actually concentrate on maximizing my profits, but for now I'm happy with the results, my stats for the last two weeks is about 40$ a day on 1 contract, doing the same trading lets say 5 contracts, means making 200$ daily, that is a nice figure right there, but I won't increase size until I will be consistent with my profits for about two months, and then I will only increase my size by 1 contract, taking it easy, I cannot afford such a stress.

Some more personal stuff:

I'm about to buy mountain bicycles Saracen Ariel 2, I'm finally about to be cycling again, didn't do it since I was like 12 or so, last time it was in China going to far away villages, seeing how they live, I love exploring cultures..

Friday skydiving was nice, I did the Fourth level successfully, had some fun in the skydive itself but landed so far that they had to come pick me up with an ATV :) other than that I just relaxed a bit, thinking again about the stuff I wanna do with my 20's.. what I mostly want is to use the time that I don't have real commitment, wife, kids and stuff to explore the world, have fun traveling and seeing other cultures etc..

Have a good week.
Tom

Great week!

Had a busy weekend so I couldn't post about thursday and friday, but here goes.. Thursday I closed +165$ after commissions, and friday +114$, I really starting to get the hang of day trading, and I'd like to talk about the most important thing about trading.

Self discipline, this is the most important trait in day trading, without it you are lost, I've lost a lot of money in the last few week, sometimes 2K$ a day, but I still had faith, which led me to better understanding of what I am doing, I saw that whenever I stop the trading day, and paper trade, no emotions involved, I "make money", even if it's on paper, it convinced me that money can be made from the markets, it's just that I have to discover what in myself is not letting me grab it.

This week had been great since I traded only on signals, and not on "2 minutes scalp" that just got me losing money, I only did what my method had told me, except on monday when I lost 90$, which is not too bad since after losing that money I saw that keeping my way would have got me winning money, so to make stuff simple, discipline discipline discipline, this is the most important trait, if you can wait for the right moves, and just enter with speed and power, you can make a lot of money.

I noticed that most of this week I traded for about an hour, and still managed to make 1-2% on my account, which means that heavily overtrading is not recommended, when you can just wait for the 5-15 minute moves that just makes the day like in my last posts.