Live in Texas, USA and have been what I suppose is a professional trader for man

live in Texas, USA and have been what I suppose is a professional trader for many years. I don’t really think of myself as a “professional” because all I do is sit in front of a screen and enter orders from time to time. “Profession” seems to imply something special beyond just that. Usually I wake up at 7am, get coffee (my drug of choice), and review the news on television. Then I get some breakfast, take a shower, sit down at the computer and again check news relating to my markets (CL, YM, ES, ZB). Mostly I’m trying to make sure I know of any announcements, speeches, or data that may affect prices during the day. When the markets open (08:00 for CL), I just sit there and wait for patterns I trade to show up. From time to time I get more coffee. At noon, my wife is kind enough to bring me lunch. As a day-trader, I am flat when the markets close so I have no overnight worries. I go away and get some exercise. After that I read or play the piano or something. Nothing very exciting. A bland existence. While trading, there are some setups I take and some I do not depending on my intuition about how good the chart pattern is. Once I’m in, though, the stop and target is defined and I very seldom change them. I ran a long study comparing my actual exits to what would have happened had I just held to my original target. Holding to target was 50% more profitable than my intuition. I’ve learned to pay no attention to the DOM during a trade. The primitive brain constantly says “Take the profit, take the profit, it’s going to go away!” That is unless it is saying, “Omg, omg, get out now. it’s going to crash!” Reacting to that part of the brain is why most trader lose. By far the most difficult thing to learn in trading is controlling your emotions. Everyone who has much experience with the markets will tell you this, and you will think you know it, but it will hammer you anyway. I had a profitable trading system for a long time before I actually started making money just
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live in Texas
,
USA and have been what I suppose is a professional trader for many years
.
I don’t really think of myself as a “professional” because all I do is sit in front of a screen and enter orders from time to time
.
“Profession” seems to imply something special beyond just that
.
Usually I wake up at 7am
,
get coffee (my drug of choice)
,
and review the news on television
.
Then I get some breakfast
,
take a shower
,
sit down at the computer and again check news relating to my markets (CL
,
YM
,
ES
,
ZB)
.
Mostly I’m trying to make sure I know of any announcements
,
speeches
,
or data that may affect prices during the day
.
When the markets open (08:00 for CL)
,
I just sit there and wait for patterns I trade to show up
.
From time to time I get more coffee
.
At noon
,
my wife is kind enough to bring me lunch
.
As a day-trader
,
I am flat when the markets close so I have no overnight worries
.
I go away and get some exercise
.
After that I read or play the piano or something
.
Nothing very exciting
.
A bland existence
.
While trading
,
there are some setups I take and some I do not depending on my intuition about how good the chart pattern is
.
Once I’m in
,
though
,
the stop and target is defined and I very seldom change them
.
I ran a long study comparing my actual exits to what would have happened had I just held to my original target
.
Holding to target was 50% more profitable than my intuition
.
I’ve learned to pay no attention to the DOM during a trade
.
The primitive brain constantly says “Take the profit
,
take the profit
,
it’s going to go away
!
” That is unless it is saying
,
“Omg
,
omg
,
get out now
.
it’s going to crash
!
” Reacting to that part of the brain is why most trader lose
.
By far the most difficult thing to learn in trading is controlling your emotions
.
Everyone who has much experience with the markets will tell you this
,
and you will think you know it
,
but it will hammer you anyway
.
I had a profitable trading system for a long time before I actually started making money just
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