show the other cheek
Anyway, my secret method is not that big a secret. I will state it once more on my journal to clarify my ideas.
The method that works almost always on the futures I trade (and I suppose on all futures) is this:
1) at 3 PM CST (central standard time, chicago)
2) look for a highly oversold/overbought future
3) bet it will bounce and go the other way
4) close your position about 12 hours later, at 3 AM CST, or earlier as it stalls or stops going where you expected it to go
There is only one problem with this method. Do I wait until 3 PM CST? Nope. Each time, I get home from work at 9 AM CST, and place my trade almost immediately. Will I ever have the discipline required to profit from this method? I don't know.
The method requires that I trade once a day, at 3 PM CST (and close that trade 12 hours later, regardless of any stoploss: not necessary). Will I do what it takes to make money?
Do I really give a damn about making money or do i care more about venting out my frustration by doing impulse trades? I will see.
I never thought I'd be so impulsive: I am not impulsive in anything, except the markets. Maybe that's exactly because I was educated to repress my own impulses and thoughts that I can't resist them when I trade. I was taught that I cannot swear, I cannot have dirty thoughts, I cannot be violent... and at the same I have to take all this crap from everyone else: show the other cheek, that's right. That's how I was brought up. This is an explosive mix for a trader and for any individual: it will make you very frustrated.
Of course now I am atheist but that type of education, whereby everything is pretty much a sin, totally interfered with my serenity and peace of mind. And this is the part of education that came from my mom. Because from my dad I got a different and just as frustrating education: that i had to be perfect, and that anything less was a real shame, and yet there was no reward for perfection. Kind of like the father in The Great Santini (movie with Robert Duvall). It's as if I had been brought up by a colonel and a nun. This ****ed up childhood and upbringing is what haunts me today and for the past 12 years as a trader (besides giving me insomnia), and even my automated trading wasn't immune from this ****ed up mind of mine, because I interfered with it.
No wonder after such a ****ed up life and upbringing, my hero was taxi driver's travis bickle, because he just goes out and shoots everyone which is actually a strong drive I'm feeling within myself. I'd love to wake up one day and shoot a few people, authors of a long list of abuses I've had to put up with. Right, because I was never confrontational, but that doesn't rule out killing. Right, I was never the kind of guy who bull****s: I am not going to threaten you, because I will definitely not punch you. But I would be ok with killing people. I am against violence, but not against disappearance. Drowning someone is not that violent. Nor is poisoning. I guess my mom would be ok with it, too.
Anyway, don't alert the police because I won't kill anyone. What I'll do is, if I have enough money, get a lawyer and sue everyone, or live on an island and get rid of all the people i don't like. Or rather, look for a place where there's nice people, like vegetarians and similar people. Somewhere like Norway, that has the
lowest homicide rate in Europe.
I wouldn't be surprised if all these people whose favorite movie is taxi driver were brought up with "show the other cheek".