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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (409)	5/12/1998 3:47:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

>>If it makes anyone feel better I lost money on the trade where I was short from 1110.90<< Not sure why it would make anyone feel better--it does make everyone aware that it it easy to lose when trading futures -- even for one who knows what he is doing. But ultimately, it is matter of how one fares overall. >>At least you have a 75% hit rate on day-trading. That's the point of day-trading after all, so you are on the right track<< I can't complain about my day-trades so far--but I don't feel that I am comfortable with it. Like today, I wanted to go long at a lower level around 1107+ and did not. Then I did go long at 1111 but got out way too soon. Usually I don't have problems pulling the trigger or acting prematurely. I really need more formalized rules for both entry and exits--left a lot of profits on the table today. But on the other hand I should not gripe -- since I came out ahead. But it is early days yet -- and I do appreciate your help.