Recent content by Toad79

So I traded like a jackass today. I wasn't patient and I paid for it. Lack of patience and discipline will get me nowhere. This must be corrected immediately. On a side note, I was dealing with a sick 11 month old child while my wife was in bed resting because she is sick too. I need to be...

Getting my face ripped off so far today. Sucks!:mad:

Horizontal lines are very powerful, i agree. I draw numerous horizontal lines from previous days to help identify potential sup/res areas. I think the key to trading these horizontal lines is being able understand what price is doing when it reaches these emotional levels. In my opinion, they...

Here is my advice for what it is worth. 1.Only trade the simulator until you are killing it. 2. Find areas of interest(sup/res) from the previous days/weeks mark on chart with horizontal line 3. Only trade with the overall trend at these key levels 4. 1:1 risk/reward at least to start with...

I am not a fan of indicators. Why? I feel they lag and distract me. I feel if you know how to evaluate price, that is all you really need. I guess there are many that do well with indicators, but the majority of traders I know that are successful do not use them. My two cents for what it is...

Here is my chart for today. Done early today because I need to go shopping and I feel it might get difficult to trade for the rest of the day. Today I am satisfied with my performance. Patience is key in this game, especially when trading a larger time frame. 1st trade was a counter trend...

Here is my chart from today. After review, I felt like I did not trade too well. The biggest mistake I made today was letting a winner turn into a loser(4th trade). This is psychologically damaging and I MUST refrain from doing this. In addition to that, I also need to do a better job of...

Welcome to my trading journal! Feel free to comment or ask any questions you may have. I want this to be an educational experience for myself and anyone else that decides to follow. I am not a big fan of indicators, so please try to refrain from talking about them. Enjoy!:)