| | | I'm small time compared to you guys. $250-$300 is my goal each day, $500 when it's a good market but I've been coming up short lately because I'm gun shy from the big hit I took so I cut my size until I get my nerve back.
I'm racking up small wins instead of getting less big ones. If I can scalp a quick 50-60 bucks 5-6 times in a row, I'm happy. Once I get 2 losers or I'm settling for barely getting out even with tiny gains, I quit.
Keep in mind I'm retired and have a low cost of living. 1k a week pays all my bills and lets us eat out once a week. If I have a good week, it puts gravel on my driveway, buys me toys at auctions or funds building projects.
If I'm on a roll, I'll keep going but I usually reduce my sizes as the day goes on. I've learned I do best early in the day but get whipsawed as the day goes on.
We either don't have many trending days or I'm busy with other stuff when we do have them. I just have bad luck I guess. Most of the time, I'm trading chop or don't recognize the range until later.
I don't have an office so I'm talking, watching TV, getting visits from neighbors and doing chores so it's constant distractions where I'm not watching the market. I have an app on my phone and if I see a setup, I'll walk to the computer, log in and try to trade it but a lot of times I missed the entry. Once I'm in though, I usually babysit it unless someone comes to the door or there's an emergency like a coyote too close to the house etc.
Anyway, I'm rambling since I'm done for the day. LOL
Perfect example, while I was typing this, I see we rallied hard and I just now saw it. |
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