Why is sticking to your plan difficult?

Discussion in 'Trading' started by Jdesey, May 17, 2025.

  1. newwurldmn

    newwurldmn

    they find real arbs or quasi arbs and have the balls to go big.
     
    #71     May 19, 2025
  2. contra

    contra

    Ah, so thats a legit edge. In all these cases, whether one has an edge or is just straight gambling, you'll need balls to go big I suppose, at least to go from 5 to 8 figures in that span of time anyway.
     
    #72     May 19, 2025
  3. Bet big, eventually you'll lose big





    (unless you've got a sure-fire thing).
     
    #73     May 19, 2025
    Sekiyo likes this.
  4. Hello Sekiyo,

    Yes, @padutrader gave me some good insight on trading. His trading journey help me as well.
     
    #74     May 19, 2025
    Sekiyo likes this.
  5. newwurldmn

    newwurldmn

    of course they found a legit edge. No one is smart enough to constantly call the direction right.
     
    #75     May 20, 2025
    Sekiyo and contra like this.
  6. heispark

    heispark

    Perhaps because Mr. Market changes his face all the time...... ?
     
    #76     May 23, 2025
  7. Overnight

    Overnight

    I finally figured out what a plan should be, and it took me over a year and a half of gig work to figure it out.

    In my trading journey, my plan was to be as profitable as possible on a small budget.

    WRONG!

    You must set reasonable expectations based on your account size.

    Believe it or not, in gig delivery work you can wind up negative on a delivery based on time spent on the order. So you have to calculate the parameters. The variable analog to a profitable day or losing day with gig delivery is the business of that day in the market. If on that day the local stores are generally slow for business, you move to a higher-volume area.

    If the market, let's say ES, is ranging 10 points, you take a risk with it being a miserable day-trading day.

    But the key metric is setting an earnings goal.

    THAT'S IT!

    Once you hit a relatively modest goal of earning money in the market, say, $200 per day, STOP!!!!!!

    That's it, you shut down, and you have the rest of the day to enjoy yourself. DON'T PUSH IT!!!!

    That's how I have achieved stress-free profit in gig, and why I know this is not a time for me to go back to full-time trading...Because the current market conditions are too volatile, what with Trump's tariff tantrums.
     
    #77     May 23, 2025
  8. themickey

    themickey

    Yeah I think you are looking at this wrong, there is always something moving.
    If you stick to daytrading es futures, yeah you'll have these dead days.
    But with stocks swing trading it seems one sector or another is moving.
    This is very difficult to do unless organized, clicking randomly at charts won't do it.
     
    #78     May 23, 2025
    spy and Sekiyo like this.
  9. MarkBrown

    MarkBrown

    yes then you can make more by just trading more contracts not more trades.
     
    #79     May 23, 2025
  10. Sekiyo

    Sekiyo

    I have tried to make 200$ per day with leverage.
    It worked out for 30 days and then I blew up.
    But I am glad you guys are killing it.

    To make x$ per day isn't a plan.
    It's a goal (not to say a dream).
     
    #80     May 23, 2025
    VPhantom likes this.